On Friday, Cadence Design Systems, Inc (NASDAQ: CDNS) opened higher 2.43% from the last session, before settling in for the closing price of $241.56. Price fluctuations for CDNS have ranged from $230.09 to $328.99 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 14.74% annually for the last half of the decade. Company’s average yearly earnings per share was noted 12.62% at the time writing. With a float of $273.28 million, this company’s outstanding shares have now reached $273.85 million.
In an organization with 12700 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 91.54%, operating margin of 29.18%, and the pretax margin is 30.07%.
Cadence Design Systems, Inc (CDNS) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Cadence Design Systems, Inc is 0.30%, while institutional ownership is 88.25%. The most recent insider transaction that took place on Mar 03 ’25, was worth 164,274. In this transaction Sr. Vice President of this company sold 650 shares at a rate of $252.73, taking the stock ownership to the 58,123 shares. Before that another transaction happened on Mar 03 ’25, when Company’s Officer proposed sale 650 for $252.73, making the entire transaction worth $164,274.
Cadence Design Systems, Inc (CDNS) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.58 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.62% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.49% during the next five years compared to 1.80% growth over the previous five years of trading.
Cadence Design Systems, Inc (NASDAQ: CDNS) Trading Performance Indicators
Check out the current performance indicators for Cadence Design Systems, Inc (CDNS). In the past quarter, the stock posted a quick ratio of 2.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.61. Likewise, its price to free cash flow for the trailing twelve months is 60.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.85, a number that is poised to hit 1.49 in the next quarter and is forecasted to reach 7.73 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 2.5 million. That was better than the volume of 2.09 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 61.49%. Additionally, its Average True Range was 9.75.
During the past 100 days, Cadence Design Systems, Inc’s (CDNS) raw stochastic average was set at 18.04%, which indicates a significant decrease from 62.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.79% in the past 14 days, which was lower than the 41.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $282.48, while its 200-day Moving Average is $285.52. However, in the short run, Cadence Design Systems, Inc’s stock first resistance to watch stands at $249.80. Second resistance stands at $252.17. The third major resistance level sits at $256.34. If the price goes on to break the first support level at $243.26, it is likely to go to the next support level at $239.09. The third support level lies at $236.72 if the price breaches the second support level.
Cadence Design Systems, Inc (NASDAQ: CDNS) Key Stats
There are currently 274,108K shares outstanding in the company with a market cap of 67.82 billion. Presently, the company’s annual sales total 4,641 M according to its annual income of 1,055 M. Last quarter, the company’s sales amounted to 1,356 M and its income totaled 340,210 K.
