Cadence Design Systems, Inc.’s Stock Price Plummets to $274.04, Witnessing a Sharp 8.78% Drop

Cadence Design Systems, Inc. (CDNS)

274.04 USD -26.39 (-8.78%) Volume: 7.44M

Cadence Design Systems, Inc.’s stock price stands at 274.04 USD, witnessing a drop of -8.78% this trading session with a trading volume of 7.44M. The stock’s YTD performance shows a decline of -8.27%, reflecting its current market dynamics.

Latest developments on Cadence Design Systems, Inc.

Cadence Design Systems stock experienced a significant decline today following the release of soft 2025 guidance, despite achieving record backlog and revenue growth in 2024. The Q4 earnings call highlighted a strong performance with revenue and EPS beats, positioning the company well to benefit from AI. However, the forecast for annual profit fell below estimates, leading to a 5% drop in stock price. Analysts adjusted price targets and ratings accordingly, with KeyBanc maintaining an overweight rating. Cadence Design Systems continues to face challenges as it navigates through industry impacts and strives to meet investor expectations.

Cadence Design Systems, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are bullish on Cadence Design Systems, Inc. According to their research report titled “Cadence Design Systems: Its Efforts Towards Diversification & Growth in System Design & Analysis & Other Major Drivers,” the company reported impressive financial results for the third quarter of 2024. With total revenue surpassing $1.2 billion and a non-GAAP operating margin of 44.8%, Cadence Design Sys is showing strong growth in various aspects of its business.

Baptista Research‘s analysis highlights the positive trajectory of Cadence Design Sys, emphasizing its focus on diversification and growth in system design and analysis. The non-GAAP earnings per share (EPS) of $1.64 further solidifies the company’s performance. Investors and stakeholders can find valuable insights on Cadence Design Sys from independent analysts like Baptista Research on Smartkarma, a platform known for providing in-depth research and analysis on various companies.

A look at Cadence Design Systems, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Cadence Design Sys has a mixed long-term outlook. While the company scores well in terms of growth and resilience, with scores of 3 in both categories, its value and dividend scores are lower at 2 and 1 respectively. This indicates that Cadence Design Sys may have strong potential for growth and the ability to withstand challenges, but may not be as attractive for investors seeking value or dividend income.

Cadence Design Sys also scores high in momentum with a score of 4, suggesting that the company is currently experiencing positive momentum in the market. Overall, Cadence Design Sys provides software technology, design, and consulting services for complex chips and electronic systems, making it a key player in the electronic design automation industry with a promising outlook for future growth and development.

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