Cadence Design Systems, Inc.

Cadence Design Systems, Inc.

CDNS

Market Cap$82.62B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Cadence Design Systems, Inc.Cadence Design Systems, Inc.78.5-23%18.80.8

Earnings Call Q3 2024

October 28, 2024 - AI Summary

**Strong Q3 Performance and Growth**: Cadence reported total revenue of $1.215 billion for Q3 2024, marking a 19% year-over-year growth. The company confirmed a positive outlook for a strong Q4, with revenue expectations in the range of $1.325 billion to $1.365 billion, indicating continued demand and sales momentum.
**Updated Full-Year EPS and Revenue Guidance**: Cadence raised its full-year EPS outlook, expecting GAAP EPS between $3.70 to $3.76, and non-GAAP EPS between $5.87 to $5.93. The full-year revenue forecast is projected between $4.61 billion to $4.65 billion, reflecting confidence in the company's growth strategy and execution.
**AI-Driven Solutions Growth**: The Cadence.AI portfolio has seen a significant increase in sales, nearly tripling over the past year. Customers have reported improvements of 5% to 20% in PPA (Power, Performance, Area) through AI-driven solutions, presenting significant opportunities for future revenue growth.

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$314.71

Target Price by Analysts

4.6% upsideCadence Design Systems Target Price DetailsTarget Price
$155.68

Current Fair Value

48.3% downside

Overvalued by 48.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$82.62 Billion
Enterprise Value$83.36 Billion
Dividend Yield$0 (0%)
Earnings per Share$3.87
Beta1.02
Outstanding Shares270,925,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio78.54
PEG-1232.22
Price to Sales18.81
Price to Book Ratio18.81
Enterprise Value to Revenue19.15
Enterprise Value to EBIT72.43
Enterprise Value to Net Income80
Total Debt to Enterprise0.04
Debt to Equity0.77

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Cadence Design Systems, Inc.

CEO: Lip-Bu Tan