CDNS Social Latest News

News Summary: Cadence Design Systems ($CDNS) reported better-than-expected 2Q23 earnings per share (EPS) of $1.22, beating estimates by 3.4%. The company also reported revenue of $976.6 million, surpassing estimates by 0.19%. Total cash stood at $873.93 million, while total debt decreased by 13.3% year-to-date to $648.55 million. Cash flow from operations (CFFO) increased by 3% year-over-year to $681.171 million. The operating margin remained flat year-over-year at 42%. The company announced a buyback of $450.119 million, with $627 million remaining authorized. The share count was reported at 271.79 million. Cadence Design Systems provided guidance for 2H23, expecting EPS of $2.54 to $2.60, slightly below estimates. The company also guided for an operating margin of 41%-42% for 2H23. Additionally, Cadence Design Systems raised its full-year 2023 EPS guidance from $4.96-$5.04 to $5.05-$5.11, representing a year-over-year increase of 18.3% to 19.7%. The company also increased its full-year 2023 operating margin guidance from 41%-42% to 41.2%-42.2%.

Last updated 2023-07-24 17:20:01

CDNS Quick Stats

Last updated Feb 05, 2025 - data is delayed in normal Mkt. hours

Stock Price 298.62
Volume (today)/Average 0.97
Earnings Date Apr 21, 2025
No of Times Closed +ve(30 days) 12

CDNS Stock Summary

Last updated Feb 05, 2025

CDNS stock price is 298.62. CDNS 52 Week low is None. CDNS 52 Week high is None. CDNS 200 day moving average is 287.01. It is currently trading above 200 day moving average. CDNS 50 day moving average is 305.24 which is above(bearish) the current price. RSI (relative strength index) of CDNS is 50.206 which is below (bearish) 70. Chaikin money flow (20 day) of CDNS is 0.029 which is above (bullish) 0.

CDNS Indicators

Last updated Feb 05, 2025

RSI(14) 50.206
CMF (20) 0.029
ROC (10) -5.86
ADX (14) 17.547
ATRr (14) 9.523
AROONOSC (14) -7.143
WILLAMS %R (14) -55.975
MFI (14) 50.495

CDNS Price Chart

6th February 2025 13:42

CDNS Options - Sort by Max open Interest (near term)

6th February 2025 (Data is delayed in normal mkt. hours)

Type Expiration Strike OI Change in
OI
Volume Ask PC Delta Vega Volatility % change Track

CDNS Daily Out of Money Options - Sort by Max open Interest (near term)

6th February 2025 (Data is delayed in normal mkt. hours)

Type Expiration Strike OI Change in
OI
Volume Ask PC Delta Vega Volatility % change Track

CDNS Daily In the Money Options - Sort by Max open Interest (near term)

6th February 2025 (Data is delayed in normal mkt. hours)

Type Expiration Strike OI Change in
OI
Volume Ask PC Delta Vega Volatility % change Track

CDNS Most Active Options by Volume(near term)

6th February 2025 (Data is delayed in normal mkt. hours)

Type Expiration Strike Volume OI Change in
OI
Ask PC Delta Vega Volatility % change Track

None is not trading above both 50 Day and 200 Day SMA which is considered Bearish.

CDNS Moving Averages Analysis

None has been above 50 day sma 5 times in last 30 days. Last time it was above 50 day sma was on Jan 24, 2025

None has been above 200 day sma 16 times in last 30 days. Last time it was above 200 day sma was on Feb 05, 2025

CDNS (None) Simple Moving Averages

Moving Averages are last updated Feb 05, 2025

Days MA
10 302.0
20 302.39
30 302.93
50 305.24
100 291.2
200 287.01

CDNS Fundamental Analysis

P/E (Forward)
P/E (Trailing)
Market Cap ($)
Earnings/Share ($)
Net Proft Margin (%)
Dividend/Share ($)
EPS Estimate Current Year ($)
EPS Estimate Next Year ($)
WallStreet Target Price ($)
Most Recent Quarter

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