On Monday, Cadence Design Systems, Inc. (NASDAQ: CDNS) was -1.76% drop from the session before settling in for the closing price of $257.30. A 52-week range for CDNS has been $228.66 – $328.99.
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Technology Sector giant saw their annual sales surged by 13.90% over the last five years. When this article was written, the company’s average yearly earnings per share was at 14.33%. With a float of $271.21 million, this company’s outstanding shares have now reached $271.71 million.
The firm has a total of 11200 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock
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 0.95%, while institutional ownership is 89.22%. The most recent insider transaction that took place on Oct 15 ’24, was worth 425,490. In this transaction Director of this company sold 1,500 shares at a rate of $283.66, taking the stock ownership to the 42,051 shares. Before that another transaction happened on Oct 15 ’24, when Company’s Director proposed sale 1,500 for $283.66, making the entire transaction worth $425,490.
Cadence Design Systems, Inc. (CDNS) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 1.38 earnings per share (EPS) during the time that was better than consensus figure (set at 1.33) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.00% 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 16.63. Likewise, its price to free cash flow for the trailing twelve months is 73.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.87, a number that is poised to hit 1.98 in the next quarter and is forecasted to reach 6.89 in one year’s time.
Technical Analysis of Cadence Design Systems, Inc. (CDNS)
Analysing the last 5-days average volume posted by the [Cadence Design Systems, Inc., CDNS], we can find that recorded value of 2.33 million was better than the volume posted last year of 1.74 million. As of the previous 9 days, the stock’s Stochastic %D was 21.64%. Additionally, its Average True Range was 7.12.
During the past 100 days, Cadence Design Systems, Inc.’s (CDNS) raw stochastic average was set at 13.09%, which indicates a significant decrease from 16.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.18% in the past 14 days, which was lower than the 37.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $267.10, while its 200-day Moving Average is $287.99. Now, the first resistance to watch is $257.18. This is followed by the second major resistance level at $261.59. The third major resistance level sits at $264.27. If the price goes on to break the first support level at $250.09, it is likely to go to the next support level at $247.40. Now, if the price goes above the second support level, the third support stands at $242.99.
Cadence Design Systems, Inc. (NASDAQ: CDNS) Key Stats
There are 272,423K outstanding shares of the company, which has a market capitalization of 69.21 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.
