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Cadence Design Systems (CDNS) Competitors

Cadence Design Systems logo
$289.71 -13.33 (-4.40%)
(As of 11/15/2024 ET)

CDNS vs. CRWD, DDOG, EA, PLTR, CRM, ADBE, INTU, SNPS, WDAY, and ADSK

Should you be buying Cadence Design Systems stock or one of its competitors? The main competitors of Cadence Design Systems include CrowdStrike (CRWD), Datadog (DDOG), Electronic Arts (EA), Palantir Technologies (PLTR), Salesforce (CRM), Adobe (ADBE), Intuit (INTU), Synopsys (SNPS), Workday (WDAY), and Autodesk (ADSK).

Cadence Design Systems vs.

Cadence Design Systems (NASDAQ:CDNS) and CrowdStrike (NASDAQ:CRWD) are both large-cap computer and technology companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, dividends, profitability, earnings, media sentiment, institutional ownership, risk, community ranking and analyst recommendations.

In the previous week, CrowdStrike had 31 more articles in the media than Cadence Design Systems. MarketBeat recorded 56 mentions for CrowdStrike and 25 mentions for Cadence Design Systems. CrowdStrike's average media sentiment score of 1.36 beat Cadence Design Systems' score of 1.13 indicating that CrowdStrike is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cadence Design Systems
16 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
CrowdStrike
46 Very Positive mention(s)
3 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Cadence Design Systems received 54 more outperform votes than CrowdStrike when rated by MarketBeat users. Likewise, 71.13% of users gave Cadence Design Systems an outperform vote while only 69.63% of users gave CrowdStrike an outperform vote.

CompanyUnderperformOutperform
Cadence Design SystemsOutperform Votes
579
71.13%
Underperform Votes
235
28.87%
CrowdStrikeOutperform Votes
525
69.63%
Underperform Votes
229
30.37%

84.9% of Cadence Design Systems shares are held by institutional investors. Comparatively, 71.2% of CrowdStrike shares are held by institutional investors. 2.0% of Cadence Design Systems shares are held by company insiders. Comparatively, 4.3% of CrowdStrike shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Cadence Design Systems has a beta of 1.02, suggesting that its stock price is 2% more volatile than the S&P 500. Comparatively, CrowdStrike has a beta of 1.1, suggesting that its stock price is 10% more volatile than the S&P 500.

Cadence Design Systems has higher revenue and earnings than CrowdStrike. Cadence Design Systems is trading at a lower price-to-earnings ratio than CrowdStrike, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cadence Design Systems$4.09B19.43$1.04B$3.8176.04
CrowdStrike$3.06B27.02$89.33M$0.69488.04

Cadence Design Systems has a net margin of 23.87% compared to CrowdStrike's net margin of 4.84%. Cadence Design Systems' return on equity of 28.49% beat CrowdStrike's return on equity.

Company Net Margins Return on Equity Return on Assets
Cadence Design Systems23.87% 28.49% 16.20%
CrowdStrike 4.84%8.44%3.14%

Cadence Design Systems currently has a consensus target price of $326.00, suggesting a potential upside of 12.53%. CrowdStrike has a consensus target price of $328.74, suggesting a potential downside of 2.38%. Given Cadence Design Systems' higher possible upside, analysts plainly believe Cadence Design Systems is more favorable than CrowdStrike.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cadence Design Systems
1 Sell rating(s)
1 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.77
CrowdStrike
1 Sell rating(s)
6 Hold rating(s)
31 Buy rating(s)
3 Strong Buy rating(s)
2.88

Summary

Cadence Design Systems beats CrowdStrike on 10 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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CDNS vs. The Competition

MetricCadence Design SystemsPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$79.46B$24.80B$24.97B$8.74B
Dividend YieldN/A2.32%2.82%4.08%
P/E Ratio76.0463.20209.6213.90
Price / Sales19.438.753,424.8886.96
Price / Cash64.3287.4434.4635.24
Price / Book17.418.296.865.93
Net Income$1.04B$444.76M$678.01M$225.73M
7 Day Performance-3.83%-3.82%-2.23%-1.34%
1 Month Performance10.14%2.25%-0.03%1.15%
1 Year Performance7.99%19.42%16.82%24.02%

Cadence Design Systems Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CDNS
Cadence Design Systems
4.8605 of 5 stars
$289.71
-4.4%
$326.00
+12.5%
+8.5%$79.46B$4.09B76.0411,200Short Interest ↑
News Coverage
Positive News
CRWD
CrowdStrike
4.6799 of 5 stars
$347.88
+1.3%
N/A+64.9%$85.28B$3.06B504.177,925Insider Selling
Short Interest ↓
News Coverage
Positive News
DDOG
Datadog
4.6436 of 5 stars
$128.45
+4.1%
N/A+15.6%$43.31B$2.13B242.365,200Insider Selling
Options Volume
News Coverage
High Trading Volume
EA
Electronic Arts
4.4324 of 5 stars
$162.72
-0.1%
N/A+21.0%$42.68B$7.56B41.8313,700News Coverage
PLTR
Palantir Technologies
3.3153 of 5 stars
$60.70
+1.4%
N/A+232.8%$135.93B$2.23B303.523,735Insider Selling
News Coverage
Gap Up
CRM
Salesforce
4.6477 of 5 stars
$341.72
+0.2%
N/A+46.9%$326.68B$34.86B59.4372,682Analyst Forecast
News Coverage
Positive News
ADBE
Adobe
4.6922 of 5 stars
$532.50
+1.2%
N/A-16.4%$234.41B$20.95B44.9729,945Short Interest ↑
Analyst Revision
Positive News
INTU
Intuit
4.7149 of 5 stars
$706.25
+1.0%
N/A+23.5%$197.95B$16.29B67.5818,800Upcoming Earnings
Analyst Forecast
Short Interest ↑
News Coverage
Positive News
SNPS
Synopsys
4.9063 of 5 stars
$557.96
+0.8%
N/A-2.4%$85.71B$5.84B57.8820,300News Coverage
Positive News
WDAY
Workday
4.8817 of 5 stars
$276.51
+2.3%
N/A+11.8%$73.28B$7.26B48.1718,800Analyst Forecast
News Coverage
Positive News
ADSK
Autodesk
4.5014 of 5 stars
$313.14
+1.1%
N/A+39.1%$67.33B$5.50B64.0414,100Analyst Forecast
Insider Selling
News Coverage
Positive News

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This page (NASDAQ:CDNS) was last updated on 11/17/2024 by MarketBeat.com Staff
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