Cadence Design Systems (NASDAQ:CDNS) Issues Q1 2025 Earnings Guidance

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) updated its first quarter 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.460-1.520 for the period, compared to the consensus estimate of 1.560. The company issued revenue guidance of -. Cadence Design Systems also updated its FY 2025 guidance to 6.650-6.750 EPS.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Redburn Atlantic initiated coverage on Cadence Design Systems in a report on Monday, January 13th. They set a "buy" rating and a $350.00 price objective for the company. Mizuho boosted their price target on shares of Cadence Design Systems from $325.00 to $350.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Piper Sandler raised their price objective on shares of Cadence Design Systems from $318.00 to $328.00 and gave the company an "overweight" rating in a research report on Wednesday. Loop Capital dropped their price objective on shares of Cadence Design Systems from $360.00 to $340.00 and set a "buy" rating for the company in a report on Wednesday. Finally, StockNews.com downgraded Cadence Design Systems from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Cadence Design Systems presently has an average rating of "Moderate Buy" and a consensus target price of $326.92.

Cadence Design Systems Trading Down 4.4 %

NASDAQ:CDNS traded down $11.96 during midday trading on Friday, reaching $258.27. 4,553,254 shares of the stock traded hands, compared to its average volume of 1,870,280. The stock has a market capitalization of $70.83 billion, a P/E ratio of 66.91, a PEG ratio of 3.17 and a beta of 1.03. Cadence Design Systems has a 12 month low of $241.29 and a 12 month high of $328.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.27 and a current ratio of 2.93. The company has a fifty day moving average of $301.51 and a 200 day moving average of $286.95.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its earnings results on Tuesday, February 18th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.33). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Cadence Design Systems had a return on equity of 29.24% and a net margin of 22.74%. On average, research analysts predict that Cadence Design Systems will post 5.57 EPS for the current year.

Insider Activity

In other news, CEO Anirudh Devgan sold 93,151 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $310.00, for a total transaction of $28,876,810.00. Following the sale, the chief executive officer now owns 55,874 shares in the company, valued at approximately $17,320,940. The trade was a 62.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Paul Cunningham sold 650 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $306.19, for a total transaction of $199,023.50. Following the completion of the transaction, the vice president now owns 60,461 shares of the company's stock, valued at approximately $18,512,553.59. The trade was a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,416 shares of company stock valued at $33,538,875. Corporate insiders own 1.99% of the company's stock.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.