Cadence Design Systems (NASDAQ:CDNS – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Monday, July 22nd. Analysts expect the company to announce earnings of $1.23 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last posted its quarterly earnings data on Monday, April 22nd. The software maker reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.04. Cadence Design Systems had a return on equity of 32.44% and a net margin of 25.68%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the company earned $1.02 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. On average, analysts expect Cadence Design Systems to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Cadence Design Systems Stock Up 0.8 %
Cadence Design Systems stock opened at $279.95 on Friday. Cadence Design Systems has a twelve month low of $217.77 and a twelve month high of $328.99. The stock’s fifty day simple moving average is $302.82 and its 200-day simple moving average is $297.62. The company has a current ratio of 1.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $76.26 billion, a P/E ratio of 72.90, a P/E/G ratio of 3.40 and a beta of 1.03.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Cadence Design Systems
Insider Buying and Selling at Cadence Design Systems
In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $275.36, for a total value of $275,360.00. Following the completion of the transaction, the vice president now owns 67,144 shares in the company, valued at $18,488,771.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Karna Nisewaner sold 600 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $275.36, for a total transaction of $165,216.00. Following the completion of the sale, the senior vice president now owns 20,480 shares in the company, valued at $5,639,372.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $275.36, for a total transaction of $275,360.00. Following the sale, the vice president now owns 67,144 shares of the company’s stock, valued at approximately $18,488,771.84. The disclosure for this sale can be found here. Insiders sold 50,134 shares of company stock worth $14,987,093 over the last 90 days. Corporate insiders own 1.99% of the company’s stock.
About Cadence Design Systems
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.
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