Cadence Design Systems Inc: (NASD: CDNS)

$14.83

-0.19 (-1.27%)

Volume 1,743,709

Jun 19 04:00 PM ET

Zacks Rank: 3-Hold

Zacks Rank	Definition	Annualized Return
#1	Strong Buy	26.6%
#2	Buy	18.71%
#3	Hold	10.12%
#4	Sell	4.32%
#5	Strong Sell	2.16%
S&P	500	9.93%

Overview Quote

            Stock Activity
        
		Day Low - High
		14.81 - 15.02
	
		52wk Low - High
		10.27 - 15.32
	
		Previous Close
		15.02
	
		Avg. Volume
		2,457,676
	
		Industry
		COMP-SOFTWARE
	
		Market Cap
		4.25 B
	
		Div - Yield
		0.00 - 0.00
	
		Beta
		1.39
	
		P/E (F1)
		20.58
	
		Current Year Est.
		0.73
	
		Quarterly Earnings ESP 
		NA
	
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

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		Zacks Rank  Short-Term: 1-3 Months
                                                                
                                                                Zacks #1 Rank Strong Buys
                                                                
                                                            This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below. 

                                                                        Zacks Rank
                                                                        Definition
                                                                        Annualized Return
                                                                    
                                                                        #1
                                                                        Strong Buy
                                                                        26.6%
                                                                    
                                                                        #2
                                                                        Buy
                                                                        18.71%
                                                                    
                                                                        #3
                                                                        Hold
                                                                        10.12%
                                                                    
                                                                        #4
                                                                        Sell
                                                                        4.32%
                                                                    
                                                                        #5
                                                                        Strong Sell
                                                                        2.16%
                                                                    
                                                                        S&P
                                                                        500
                                                                        9.93%
                                                                    
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		3
Hold

		Zacks Recommendation  Long-Term: 6+ Months
                                                                
                                                                All Outperform Rated Stocks
                                                                
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The Zacks Recommendations are split into 3 groups: Buy, Hold and Sell. Our Buy recommendations have generated returns of 34.4% in 2006, and 16.69% in 2007. When Zacks Premium members click on the recommendation it will launch them to the Zacks Equity Research report for the stock.    More on these reports below.

                                                                    Difference Between Zacks Rank and Zacks Recommendation

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		Neutral
	
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When Zacks Premium members click on the Zacks Industry Rank link they will see the full listing of industries and their current rankings.

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		193 out of 265
	
		Equity Research Report The Zacks Recommendations and Zacks Target Prices are just two of the valuable resources you'll find in the reports created by the Zacks Equity Research group. When Zacks Premium members click on this link they will taken to a page that gives them access to the Zacks Equity Research report for the stock.

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Updated as of 06/12/2013

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                Key Earnings Data
            
                            P/E (F1)
                            20.58
                        
                            PEG Ratio
                            1.12
                        
                            Current Year Est.
                            0.73
                        
                            Current Quarter Estimate
                            0.14
                        
                            Most Accurate Estimate
                            NA
                        
                            Earnings ESP 
                            NA
                        
                            Next Earnings Report Date
                            07-24-2013
                        
                            EPS Last Year
                            0.67
                        
                            Expected Earnings Growth
                            18.33%
                        
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

            Company Description
        
Cadence Design Systems, Inc. provides comprehensive software and other technology and offers design and methodology services for the product development requirements of the world's leading electronics companies. Cadence licenses its leading-edge electronic design automation software and hardware technology and provides a range of services to companies throughout the world to help optimize their product development processes.   
Full CDNS Company Report

 Snapshot on CDNS

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            Interactive Java Charting | Fundamental Charts
        
            <a href="#"><img id="dart_image_1" src="http://b7d61a7c6b8c307bf531-a92a66b9587e2a0aa805bd4e70b98407.r95.cf2.rackcdn.com/images/zacks/logos/zacks_logo_230x76.png" width="336" height="280" border="0" alt="" /></a>        
Turn Earnings Surprises into quick profits.
 
CDNS Chart  by YCharts

Earnings Estimates

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Average Estimate	0.14	0.15	0.73	0.78
Number of Estimates	3	3	3	3
Low Estimate	0.10	0.11	0.63	0.73
High Estimate	0.16	0.18	0.80	NA
Year Ago EPS	0.15	0.17	0.61	0.73
EPS Growth	-8.89%	-9.80%	19.67%	6.85%

More CDNS Estimates

Average Earnings Estimates for CDNS

EPS Growth for CDNS

Industry Analysis

Name	Symbol	Previous Close
CADENCE DESIGN	CDNS	15.02
ASPEN TECH INC	AZPN	29.85
PEGASYSTEMS INC	PEGA	32.50
SAP AG ADR	SAP	77.18
ACTUATE CORP	BIRT	6.70
CALLIDUS SOFTWR	CALD	6.48
DASSAULT SY-ADR	DASTY	128.85
DEALERTRACK HLD	TRAK	34.88
EPIQ SYS INC	EPIQ	13.41
EXA CORP	EXA	10.26

Sector:Computer and Technology>> Industry:COMP-SOFTWARE

COMPARE TICKER vs. Its Peers

Zacks Commentary

Synopsys Posts In-Line EPS

Dec 06, 2012

Synopsys Wraps Up SpringSoft Buyout

Dec 03, 2012

OnSemi Collaborates with Imec

Oct 09, 2012

SpringSoft in Synopsys' Kitty

Aug 07, 2012

Synopsys Closes Ciranova Acquisition

Aug 03, 2012

Report for CDNS

Jun 12, 2013

More CDNS Zacks Commentary

Financials

EPS TTM	0.67
Sales	1,326
Net Income	487
Price/Earnings	22.42
Price/Book	4.16
Price/Cash Flow	14.82
Price/Sales	3.11

More CDNS Financials

News

Cadence Design Systems (CDNS) Showing Bullish Technicals With Resistance At $15.22 - Freshbrewedmedia

Jun 18, 2013

Cadence Design acquires IP business of Evatronix - Datamonitor Financial Deals Tracker

Jun 14, 2013

Cadence Completes Acquisition of Evatronix IP Business - M2

Jun 13, 2013

Cadence Completes Acquisition of Evatronix IP Business - Marketwire

Jun 13, 2013

Cadence Design acquires IP business of Evatronix - Datamonitor Financial Deals Tracker

Jun 13, 2013

Go Defensive with this Tech Stock - TheMotleyFool

Jun 11, 2013

INTC, CDNS, YNDX, INVN, and ENTR Under StockCall's Microscope - Accesswire

Jun 10, 2013

Potential Cadence Design Systems (CDNS) Trade Has $14.12 Breakeven - Freshbrewedmedia

Jun 10, 2013

See All News Stories on CDNS

Broker Recommendations

Current ABR	1.57
ABR (Last Week)	1.57
# of recs in ABR	7
Average Target Price	16.36
Industry Rank by ABR	193 out of 265
Rank in Industry	16 out of 78

More CDNS Broker Recommendations

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Cadence Design Systems Inc: (NASD: CDNS)

$14.83

-0.19 (-1.27%)

Volume 1,743,709

Jun 19 04:00 PM ET

Stock Activity

Premium research

Zacks Rank Short-Term: 1-3 Months

Zacks #1 Rank Strong Buys

Zacks Recommendation Long-Term: 6+ Months

All Outperform Rated Stocks

Zacks Industry Rank

Equity Research Report

Key Earnings Data

Company Description

Earnings Estimates

Industry Analysis

Sector:Computer and Technology>> Industry:COMP-SOFTWARE

Zacks Commentary

Synopsys Posts In-Line EPS

Synopsys Wraps Up SpringSoft Buyout

OnSemi Collaborates with Imec

SpringSoft in Synopsys' Kitty

Synopsys Closes Ciranova Acquisition

Report for CDNS

Financials

News

Cadence Design Systems (CDNS) Showing Bullish Technicals With Resistance At $15.22 - Freshbrewedmedia

Cadence Design acquires IP business of Evatronix - Datamonitor Financial Deals Tracker

Cadence Completes Acquisition of Evatronix IP Business - M2

Cadence Completes Acquisition of Evatronix IP Business - Marketwire

Cadence Design acquires IP business of Evatronix - Datamonitor Financial Deals Tracker

Go Defensive with this Tech Stock - TheMotleyFool

INTC, CDNS, YNDX, INVN, and ENTR Under StockCall's Microscope - Accesswire

Potential Cadence Design Systems (CDNS) Trade Has $14.12 Breakeven - Freshbrewedmedia

Broker Recommendations

Day Low - High	14.81 - 15.02
52wk Low - High	10.27 - 15.32
Previous Close	15.02
Avg. Volume	2,457,676
Industry	COMP-SOFTWARE
Market Cap	4.25 B
Div - Yield	0.00 - 0.00
Beta	1.39
P/E (F1)	20.58
Current Year Est.	0.73
Quarterly Earnings ESP	NA

P/E (F1)	20.58
PEG Ratio	1.12
Current Year Est.	0.73
Current Quarter Estimate	0.14
Most Accurate Estimate	NA
Earnings ESP	NA
Next Earnings Report Date	07-24-2013
EPS Last Year	0.67
Expected Earnings Growth	18.33%