Cadence Design Systems, Inc. (CDNS): What's the Story?

Cadence Design Systems Inc

Cadence Design Systems Inc

(CDNS) stock price escalated 1.24% to finalize at $41.90 throughout previous buying and selling session.

Cadence Design Systems, Inc. Insider ownership during the latest quarter decreased by a net of 284385 shares, indicating that CDNS's key executives are feeling more bearish about the stock than they did three months ago.

With a total market value of $0, Cadence Design Systems Inc has 52 week low of $24.15 and a 52 week high of $41.14 with a PE ratio of 47.69. After having $0.25 EPS previously, Cadence Design Systems Inc's analysts see -4.00 % EPS growth. The stock carved out a 52-week low down at $24.15.

On average, analysts expect that Cadence Design Systems will report full-year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.40. The company has market cap of $11.79 billion.

In the most updated research from a number of analysts on Wall Street, the company gets 9 Buys and 2 Sell among 15 analysts.

SCANA Corporation (SCG) stock price distance from twenty day simple moving average slumped at -6.25% while its distance from fifty day simple moving average declined -14.22% along with -23.96% below distance from two hundred simple moving averages. As of the last earnings report the EPS was $0.86 and is projected to be $1.39 for the current year with 280,200,000 shares now outstanding. The legal version of this article can be read at Of those analysts, 3 rate stock as a Strong Buy, 4 rate it as Hold, and just no analyst rates it as a Moderate Sell.

Cadence Design Systems Inc (NASDAQ:CDNS) institutional sentiment decreased to 1.09 in Q2 2017. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Also, CFO Geoffrey G. Ribar sold 5,000 shares of the stock in a transaction dated Monday, August 21st. Credit Suisse initiated the shares of CDNS in report on Wednesday, October 19 with "Neutral" rating. The shares were sold at an average price of $37.31, for a total transaction of $1,305,850.00.

01/19/2016 - Cadence Design Systems, Inc. had its "outperform" rating reiterated by analysts at Northland Securities. Zacks Investment Research lowered Cadence Design Systems from a "buy" rating to a "hold" rating in a research report on Friday, July 28th.

In the market the company is trading up by 0.81%% since yesterday's close of 40.68. The stock was sold at an average price of $40.68, for a total value of $30,510.00. The disclosure for this sale can be found here.

12/12/2016 - Cadence Design Systems, Inc. was downgraded to "underweight" by analysts at JP Morgan. Corporate insiders own 2.55% of the company's stock. BlackRock Inc. now owns 26,541,567 shares of the software maker's stock worth $833,406,000 after purchasing an additional 26,133,138 shares in the last quarter. The company's quarterly EPS surprised Wall Street by as much as 2% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. Tocqueville Asset Management L.P. purchased a new position in Cadence Design Systems during the second quarter valued at approximately $206,000. State Street Corp raised its holdings in Cadence Design Systems by 1.2% in the second quarter.

Cadence Design Systems, Inc., launched on April 8, 1987, provides solutions that enable its customers to design electronic products. Axa reported 0.22% in Cadence Design Systems Inc (NASDAQ:CDNS). Cowie now owns $945,729 of the stock per the Form 4 SEC filing. The Company's product categories include Functional Verification, Digital integrated circuits (IC) Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP).