Cadence Design Systems, Inc (NASDAQ: CDNS) on Tuesday, soared 0.08% from the previous trading day, before settling in for the closing price of $320.30. Within the past 52 weeks, CDNS’s price has moved between $221.56 and $328.99.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 14.74%. The company achieved an average annual earnings per share of 13.38%. With a float of $271.31 million, this company’s outstanding shares have now reached $273.04 million.
Considering the fact that the conglomerate employs 12700 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 93.59%, operating margin of 30.07%, and the pretax margin is 29.57%.
Cadence Design Systems, Inc (CDNS) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Cadence Design Systems, Inc is 0.63%, while institutional ownership is 88.91%. The most recent insider transaction that took place on May 16 ’25, was worth 277,715. In this transaction Director of this company sold 868 shares at a rate of $319.95, taking the stock ownership to the 23,996 shares. Before that another transaction happened on May 16 ’25, when Company’s Director proposed sale 868 for $319.95, making the entire transaction worth $277,716.
Cadence Design Systems, Inc (CDNS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 13.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.23% 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
Cadence Design Systems, Inc (CDNS) is currently performing well based on its current performance indicators. A quick ratio of 2.90 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.96. Likewise, its price to free cash flow for the trailing twelve months is 63.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.95, a number that is poised to hit 1.58 in the next quarter and is forecasted to reach 7.76 in one year’s time.
Technical Analysis of Cadence Design Systems, Inc (CDNS)
Compared to the last year’s volume of 2.14 million, its volume of 1.49 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 92.26%. Additionally, its Average True Range was 8.47.
During the past 100 days, Cadence Design Systems, Inc’s (CDNS) raw stochastic average was set at 95.67%, which indicates a significant increase from 92.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.65% in the past 14 days, which was lower than the 45.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $274.51, while its 200-day Moving Average is $280.86. Nevertheless, the first resistance level for the watch stands at $322.58 in the near term. At $324.61, the stock is likely to face the second major resistance level. The third major resistance level sits at $328.22. If the price goes on to break the first support level at $316.94, it is likely to go to the next support level at $313.33. Should the price break the second support level, the third support level stands at $311.30.
Cadence Design Systems, Inc (NASDAQ: CDNS) Key Stats
Market capitalization of the company is 87.52 billion based on 273,042K outstanding shares. Right now, sales total 4,641 M and income totals 1,055 M. The company made 1,242 M in profit during its latest quarter, and 273,580 K in sales during its previous quarter.
