On Tuesday, Cadence Design Systems, Inc. (NASDAQ: CDNS) was 0.61% up from the session before settling in for the closing price of $273.13. A 52-week range for CDNS has been $227.05 – $328.99.
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A company in the Technology sector has jumped its sales by 13.90% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 14.07%. With a float of $271.19 million, this company’s outstanding shares have now reached $271.71 million.
In an organization with 11200 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 88.1%, operating margin of 28.31%, and the pretax margin is 30.94%.
Cadence Design Systems, Inc. (CDNS) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cadence Design Systems, Inc. stocks. The insider ownership of Cadence Design Systems, Inc. is 0.96%, while institutional ownership is 88.97%. The most recent insider transaction that took place on Sep 17 ’24, was worth 413,970. Before that another transaction happened on Sep 17 ’24, when Company’s Officer proposed sale 659 for $275.98, making the entire transaction worth $181,871.
Cadence Design Systems, Inc. (CDNS) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 1.26 earnings per share (EPS) during the time that was better than consensus figure (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.
According to the Wall Street analysts, stocks earnings will be around 14.07% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.55% during the next five years compared to 25.42% growth over the previous five years of trading.
Cadence Design Systems, Inc. (NASDAQ: CDNS) Trading Performance Indicators
You can see what Cadence Design Systems, Inc. (CDNS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 18.08. Likewise, its price to free cash flow for the trailing twelve months is 79.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.87, a number that is poised to hit 1.44 in the next quarter and is forecasted to reach 6.91 in one year’s time.
Technical Analysis of Cadence Design Systems, Inc. (CDNS)
Let’s dig in a bit further. During the last 5-days, its volume was 1.69 million. That was inferior than the volume of 1.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 90.24%. Additionally, its Average True Range was 8.02.
During the past 100 days, Cadence Design Systems, Inc.’s (CDNS) raw stochastic average was set at 38.20%, which indicates a significant decrease from 86.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.52% in the past 14 days, which was lower than the 35.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $272.99, while its 200-day Moving Average is $288.00. However, in the short run, Cadence Design Systems, Inc.’s stock first resistance to watch stands at $278.07. Second resistance stands at $281.36. The third major resistance level sits at $283.39. If the price goes on to break the first support level at $272.76, it is likely to go to the next support level at $270.73. Assuming the price breaks the second support level, the third support level stands at $267.44.
Cadence Design Systems, Inc. (NASDAQ: CDNS) Key Stats
There are 272,423K outstanding shares of the company, which has a market capitalization of 75.24 billion. As of now, sales total 4,090 M while income totals 1,041 M. Its latest quarter income was 1,061 M while its last quarter net income were 229,520 K.
