NASDAQ: CDNS
Cadence Design Systems, Inc.
Technology · Software - Application
After hours: $395.03(+1.39%) · as of 7:58 PM ET
Market Cap
$107.46B
52w High
$416.69
52w Low
$262.75
P/E
91.07
Volume
2.00M
Outstanding Shares
275.82M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 30.3% over the last year. Revenue grew 13.42% over the trailing twelve months. Operating margin moved from 30% to 31.11%. Free cash flow grew 3.74% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (95th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 31.11% — continued expansion would be needed to justify the premium. Revenue growth of 13.42% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Cadence Design Systems, Inc. operates globally, delivering a comprehensive suite of solutions that includes software, specialized hardware, professional services, and pre-designed integrated circuit (IC) building blocks.
Valuation
Stock splits
Every 1 shares became 2
Every 2 shares became 3
Every 2 shares became 3
Every 500 shares became 543
Profitability & growth
Analyst consensus
26
Buy
4
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 27, 2026
Q3 FY26 · EPS est $2.05 · Revenue est $1.58B
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