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CDNS | Cadence Design Systems, Inc. Stock Overview

(Stock Exchange: NASDAQ)
Day's Range 282.60 - 291.95
52 Week Range 241.29 - 328.99
Beta 0.97
Implied Volatility 36.41%
IV Rank 53.49%
Day's Volume 2,485,026
Average Volume 1,999,576
Shares Outstanding 274,263,000
Market Cap 79,355,256,420
Sector Technology
Industry Software - Application
IPO Date 1987-06-10
Valuation
Profitability
Growth
Health
P/E Ratio 75.94
Forward P/E Ratio 53.11
EPS 3.81
1YR Price Target 212.50
Dividend Yield N/A
Dividend Per Share N/A
Dividend ExDate N/A
Dividend PayDate N/A
Employees 11,200
Country USA
Website CDNS
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
CDNS's peers: AZPN, BSY, WDAY, CRM, INTU, SNOW, TEAM, ZM, NOW, PAYC, DDOG, TTD, U, ADSK, DUOL, DV, ESTC, FICO, OTEX, PTC, ROP, SAP, SMAR, SSNC, TYL
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Analyzing fundamentals for CDNS we got that it has average fundamentals where Valuation is considered to be significantly overvalued, Profitability is stunning wealthy, Growth is very good and Health is confidently strong. For more detailed analysis please see CDNS Fundamentals page.

Watching at CDNS technicals we can see that long-term trend is bullish, the same as bullish middle-term trend, as well as bullish short-term trend. More technicals details can be found on CDNS Technicals page.
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