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Cadence Design Systems (CDNS)

(Delayed Data from NSDQ)

$282.41 USD

282.41
2,141,574

+5.33 (1.92%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $283.00 +0.59 (0.21%) 7:58 PM ET

Zacks Rank:

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
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value C Growth D Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 42% (145 out of 252)

Industry: Computer - Software

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Balance Sheet

Research for CDNS

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Cadence Design Systems, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,008 882 1,089 928 705
Receivables 489 487 338 338 305
Notes Receivable 0 0 0 0 0
Inventories 182 128 116 76 56
Other Current Assets 297 210 174 136 104
Total Current Assets 1,976 1,707 1,716 1,479 1,169
Net Property & Equipment 403 371 306 311 276
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 880 854 764 732 732
Intangibles 1,873 1,729 1,162 993 834
Deposits & Other Assets 537 476 439 436 345
Total Assets 5,669 5,137 4,386 3,951 3,357
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 577 557 417 350 317
Current Portion Long-Term Debt 349 100 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 665 691 554 447 355
Total Current Liabilities 1,591 1,348 971 797 672
Mortgages 0 0 0 0 0
Deferred Taxes/Income 99 92 101 107 73
Convertible Debt 0 0 0 0 0
Long-Term Debt 300 648 348 347 346
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 276 305 226 207 163
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 2,265 2,392 1,646 1,458 1,254
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 3,167 2,766 2,468 2,218 2,046
Capital Surplus 0 0 0 0 0
Retained Earnings 4,936 3,895 3,046 2,350 1,762
Other Equity -95 -92 -33 -17 -37
Treasury Stock 4,604 3,824 2,740 2,058 1,668
Total Shareholder's Equity 3,404 2,745 2,741 2,493 2,103
Total Liabilities & Shareholder's Equity 5,669 5,137 4,386 3,951 3,357
Total Common Equity 3,404 2,745 2,741 2,493 2,103
Shares Outstanding 272.00 274.30 277.10 278.90 279.80
Book Value Per Share 12.52 10.01 9.89 8.94 7.52

Fiscal Year End for Cadence Design Systems, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 1,008 962 874 917
Receivables NA 489 427 441 488
Notes Receivable NA 0 0 0 0
Inventories NA 182 164 140 128
Other Current Assets NA 297 272 189 166
Total Current Assets NA 1,976 1,824 1,643 1,699
Net Property & Equipment NA 403 380 370 373
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 880 875 872 865
Intangibles NA 1,873 1,848 1,770 1,719
Deposits & Other Assets NA 537 504 500 516
Total Assets NA 5,669 5,431 5,155 5,172
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 577 598 510 430
Current Portion Long-Term Debt NA 349 0 0 30
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 665 666 686 721
Total Current Liabilities NA 1,591 1,264 1,196 1,181
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 99 101 97 103
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 300 649 649 648
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 304 305 299
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 2,265 2,317 2,247 2,231
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 3,167 3,078 2,898 2,879
Capital Surplus NA 0 0 0 0
Retained Earnings NA 4,936 4,612 4,358 4,137
Other Equity NA -95 -113 -91 -87
Treasury Stock NA 4,604 4,463 4,257 3,988
Total Shareholder's Equity NA 3,404 3,114 2,908 2,941
Total Liabilities & Shareholder's Equity NA 5,669 5,431 5,155 5,172
Total Common Equity 0 3,404 3,114 2,908 2,941
Shares Outstanding 272.20 272.00 272.00 271.70 272.60
Book Value Per Share 0.00 12.52 11.45 10.70 10.79