Witnessing the stock’s movement on the chart, on Wednesday, Cadence Design Systems, Inc. (NASDAQ: CDNS) set off with pace as it heaved 5.75% to $267.66, before settling in for the price of $253.11 at the close. Taking a more long-term approach, CDNS posted a 52-week range of $217.77-$328.99.
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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 13.90%. Meanwhile, its Annual Earning per share during the time was 25.42%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 14.10%. This publicly-traded company’s shares outstanding now amounts to $271.71 million, simultaneously with a float of $271.12 million. The organization now has a market capitalization sitting at $73.29 billion. At the time of writing, stock’s 50-day Moving Average stood at $297.99, while the 200-day Moving Average is $286.00.
Cadence Design Systems, Inc. (CDNS) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Software – Application industry. Cadence Design Systems, Inc.’s current insider ownership accounts for 0.99%, in contrast to 88.70% institutional ownership. According to the most recent insider trade that took place on Jul 15 ’24, this organization’s Director sold 1,500 shares at the rate of 314.57, making the entire transaction reach 471,855 in total value, affecting insider ownership by 46,551. Preceding that transaction, on Jul 01 ’24, Company’s Sr. Vice President sold 10,000 for 305.84, making the whole transaction’s value amount to 3,058,398. This particular insider is now the holder of 95,408 in total.
Cadence Design Systems, Inc. (CDNS) Earnings and Revenue Records
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.26 earnings per share (EPS) for the period topping the consensus outlook (set at 1.2) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.98 per share during the current fiscal year.
Cadence Design Systems, Inc.’s EPS increase for this current 12-month fiscal period is 14.10% and is forecasted to reach 6.90 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 17.55% through the next 5 years, which can be compared against the 25.42% growth it accomplished over the previous five years trading on the market.
Cadence Design Systems, Inc. (NASDAQ: CDNS) Trading Performance Indicators
Let’s observe the current performance indicators for Cadence Design Systems, Inc. (CDNS). It’s Quick Ratio in the last reported quarter now stands at 1.32. The Stock has managed to achieve an average true range (ATR) of 9.50. Alongside those numbers, its PE Ratio stands at $69.22, and its Beta score is 1.05. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 17.61. Similarly, its price to free cash flow for trailing twelve months is now 77.74.
In the same vein, CDNS’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 3.87, a figure that is expected to reach 1.45 in the next quarter, and analysts are predicting that it will be 6.90 at the market close of one year from today.
Technical Analysis of Cadence Design Systems, Inc. (CDNS)
Going through the that latest performance of [Cadence Design Systems, Inc., CDNS]. Its last 5-days volume of 2.92 million indicated improvement to the volume of 1.65 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 16.42% While, its Average True Range was 10.21.
Raw Stochastic average of Cadence Design Systems, Inc. (CDNS) in the period of the previous 100 days is set at 21.53%, which indicates a major fall in contrast to 24.52% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 51.52% that was higher than 30.57% volatility it exhibited in the past 100-days period.
