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Cadence Design Systems CDNS

US equityMarket cap rank #183Software - Application
$320.97
+$11.88 (+3.84%)
Market open · Sep 24, 1:10 pm ET
After hours $311.80 +0.88%
Open$307.87
Prev close$309.09
Day range$305.20 – $321.90
Volume1.01M
Market cap$88.39B
P/E (TTM)63.8
Dividend yield

Price chart

Daily bars for up to one year, weekly bars for the 5-year view. Averages are 50/200 trading days (10/40 weeks on the 5-year view).

CDNS at a glance

Cadence Design Systems (CDNS) is trading at $320.97, up 3.84% on the day. Its market value of $88.39B makes it the 183rd largest of the 300 companies we follow.

The 52-week range is $262.75 to $416.69. Today's price is about 38% of the way from the low to the high. Holders are behind 10.1% over twelve months, and down 13.8% across the last three months.

Price is above the 50-day average ($320.10) but below the 200-day ($325.65); RSI is 52, and the last 30 sessions moved at roughly 41% annualized volatility.

For the quarter ended Jun 2026 it reported $1.58B in revenue, up 24.2% from a year earlier, with $367.08M of net profit (a 23.6% margin).

Valuation works out to 63.8 times trailing earnings, 12% below its five-year average of 72.2. The median for its industry group is 30.1.

16 analysts follow the stock and the average call is "buy". The mean target, $416.73, sits 29.8% over where the stock trades.

This summary is put together from the numbers on the page and updates when they do. It describes the data; it is not a forecast or a recommendation.

Cadence Design Systems: the business

Cadence sells the software and hardware that engineers use to design chips and electronic systems.

What tends to move it. Chip design activity, especially for AI processors, keeps demand strong. Its subscription-like contracts give it predictable revenue.

Written by hand by the BeStock desk and revised when a business changes. See how we work. Spot something out of date? Tell us.

Performance

Price return over each window, from adjusted daily and weekly closes

1 day
+3.8%
1 week
+14.7%
1 month
+1.6%
3 months
-13.8%
6 months
+12.9%
Year to date
+2.7%
1 year
-10.1%
Day range
$305.20$321.90
52-week range
$262.75$416.69

Technical signals

Full technicals →
Trend readLeaning bullish

5 bullish · 2 bearish of 7 signals

IndicatorValueSignal
Price vs 20-day average+6.6%Bullish
Price vs 50-day average+0.3%Bullish
Price vs 200-day average-1.4%Bearish
50-day vs 200-day50d below 200dBearish
RSI (14)52.0Bullish
MACD (12,26,9)-8.98Bullish
Bollinger band position72%Bullish

Standard indicator readings worked out from daily closes. They describe how the price has behaved, not where it is going.

Key statistics

Bid / Ask$320.86 / $321.13
Average price today$316.49
Volume1.01MAvg (90d) 2.40M
Turnover$320.41M
Turnover rate0.37%of shares outstanding
Volume ratio0.60vs. recent average pace
Day amplitude5.40%
Market cap$88.39B
Float market cap$88.00B
Shares outstanding274.16M
EPS (TTM)$4.06
P/E (TTM)63.81
P/B12.89
Book value / share$24.90
Earnings yield0.20%
Net profit (TTM)$1.12B
Net assets$6.86B
30-day volatility41.4%annualized
Avg daily range (ATR)3.00%of price, 14 days
Max drawdown (1y)-34.2%-22.9% from 1y peak

Quote as of Sep 24, 2026 1:10 pm ET. Prices can lag the live tape. This is background information, not a recommendation.

How CDNS ranks on BeStock

Market value#183 of 300
P/E (cheapest = 1)#260 of 283
Closeness to 52-week high#236 of 300
Dollar volume today#114 of 300

Ranks are among the 300 or so U.S.-listed stocks BeStock covers, recalculated whenever prices refresh. A row is left out when the measure does not apply, such as yield for a stock that pays no dividend.

Latest reported quarter: Q2, ended Jun 2026

Revenue$1.58B+24.2% YoY
Operating profit$449.96M+21.5% YoY
Net profit$367.08M+129.3% YoY
Diluted EPS$1.33+125.4% YoY
Free cash flow$575.33M+72.5% YoY
Operating cash flow$634.93M

Revenue, last 8 quarters

$1.2BSep '24$1.4BDec '24$1.2BMar '25$1.3BJun '25$1.3BSep '25$1.4BDec '25$1.5BMar '26$1.6BJun '26

Net profit, last 8 quarters

$238.1MSep '24$340.2MDec '24$273.6MMar '25$160.1MJun '25$287.1MSep '25$388.1MDec '25$335.7MMar '26$367.1MJun '26

Profitability & balance sheet

Gross margin85.9%
Operating margin30.8%
Net margin23.6%
Return on equity23.2%
Return on assets12.8%
Return on invested capital16.6%
Current ratio1.74
Liabilities / assets43.2%
Cash & investments$1.44B
Total debt$2.65B
Net cash (debt)-$1.21B
Free cash flow / sales28.6%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Core Electronic Design Automation (EDA)$1.08B 68.0%
  • System Design and Analysis$269.36M 17.0%
  • Semiconductor Intellectual Property (IP)$237.67M 15.0%
Average move on report day±4.7%last 16 reports
Closed higher8 of 1650% of the time
Best reaction+12.5%
Worst reaction-8.8%

Stock move on the day after each report

-1.1%2024/Q1+12.5%2024/Q3-8.8%2024/Q4+5.8%2025/Q1+9.7%2025/Q2-2.9%2025/Q3+7.6%2025/Q4+1.8%2026/Q2

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Valuation

Multiples measured against the stock's own five-year history

Valuation detail →
Price / earnings56.2x
CheapRich

Near the bottom of its 5-year range · 5th percentile, 5-year average 72.2x

#2582 of 2974 stocks by PE (1 = cheapest)

Price / book11.4x
CheapRich

Near the bottom of its 5-year range · 0th percentile, 5-year average 18.3x

#4902 of 5298 stocks by PB (1 = cheapest)

Price / sales13.3x
CheapRich

Near the bottom of its 5-year range · 8th percentile, 5-year average 16.6x

#4525 of 5139 stocks by PS (1 = cheapest)

P/E over five years

49x67x84x101xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$350.00
Price vs. fair value-8.3%Trading below the estimate
Star rating★★★★☆
Economic moatWide
UncertaintyHigh

Analyst view

All ratings →
ConsensusBuy
Analysts16
Average target$416.73+29.8% vs. price
  • Buy 94%
  • Hold 6%
Low $349.00Now $320.97Avg $416.73High $470.00

Latest rating actions

  • 11 Sep 2026FBN SecuritiesBUY · PT $375.00
  • 28 Aug 2026StifelBUY · PT $432.00
  • 19 Aug 2026BofA SecuritiesBUY · PT $420.00
  • 3 Aug 2026Mizuho SecuritiesBUY
  • 3 Aug 2026BofA SecuritiesBUY · PT $420.00

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Ownership detail →
Institutional ownership90.7%-0.05 pts vs. prior quarter
Institutions holding1,867-12 vs. prior quarter
Insider trades (recent)10 buys / 11 sellsNet selling
Short interest2.11% of floatDays to cover 2.8 · as of 31 Aug 2026
Short-sale volume share11.5%5-day average of daily volume

Short-sale volume as % of daily volume

8%12%16%20%Aug '26Sep '26Sep '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$115.21M (7 inflow days, 13 outflow days).

Latest headlines

More news →
  • FBN Securities Initiates Cadence Design Systems(CDNS.US) With Buy Rating, Announces Target Price $375Market news · 11 Sep 2026
  • Mizuho Securities Maintains Cadence Design Systems(CDNS.US) With Buy RatingMarket news · 4 Aug 2026
  • Stifel Maintains Cadence Design Systems(CDNS.US) With Buy Rating, Maintains Target Price $432Market news · 28 Aug 2026
  • BofA Securities Maintains Cadence Design Systems(CDNS.US) With Buy Rating, Maintains Target Price $420Market news · 20 Aug 2026
  • Citi Maintains Cadence Design Systems(CDNS.US) With Buy Rating, Maintains Target Price $420Market news · 30 Jul 2026
  • A Quick Look at Today's Ratings for Cadence Design Systems(CDNS.US), With a Forecast Between $349 to $450Market news · 29 Jul 2026

CDNS stock: common questions

How is Cadence Design Systems stock doing today?

$320.97 is the latest print for CDNS, a move of +3.84% against yesterday's close of $309.09. Today's low and high so far: $305.20 and $321.90.

What is CDNS worth in total?

Equity value comes to $88.39B at the current price. By that measure it is number 183 of the 300 names in our coverage.

What multiple of earnings does CDNS sell for?

Buyers pay 63.8 times the last twelve months of profit (EPS $4.06). Averaged over five years the multiple has been 72.2, and today's level ranks in the 5th percentile of its own history.

Where does CDNS sit in its 52-week range?

The year's floor is $262.75 and the ceiling $416.69. Shares are 23.0% away from that ceiling.

Does CDNS send cash back through a dividend?

Our data shows no dividend paid by Cadence Design Systems over the trailing twelve months.

What is the analyst view on Cadence Design Systems?

Of 16 analysts, 94% say buy, 6% hold and 0% sell. Price targets average $416.73, with the most cautious at $349.00 and the most optimistic at $470.00.

What does Cadence Design Systems do?

Cadence sells the software and hardware that engineers use to design chips and electronic systems.

BeStock publishes market data and analysis for information only. Nothing here is investment advice or a solicitation to buy or sell any security. Quotes may be delayed and figures can contain errors; check primary sources before you trade. How we source and calculate these pages.

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