CDNS
Cadence Design Systems Inc
NASDAQ: CDNS · TECHNOLOGY · SOFTWARE - APPLICATION
$384.96
+0.32% today
Updated 2026-06-12
Market cap
$114.85B
P/E ratio
96.61
P/S ratio
20.77x
EPS (TTM)
$4.31
Dividend yield
—
52W range
$263 – $417
Volume
2.4M
WallStSmart proprietary scores
62
out of 100
Grade: C+
Hold
Investment rating
8.0
Growth
A7.0
Quality
B+8.5
Profitability
A3.0
Valuation
D4/9
Piotroski F-Score
Moderate
3.1
Altman Z-Score
Safe zone
—
Industry rank
—
View all highly rated stocks (75+) →202 stocks currently score above 75
Price targets
Analyst target
$380.59
-1.14%
12-Month target
$122.28
-68.24%
Intrinsic (DCF)
—
Margin of safety
—
5 Strong Buy17 Buy3 Hold0 Sell0 Strong Sell
Price chart
Stock snapshot
Strengths
+ Altman Z 3.09 — safe zone
+ Profit margin 21.20% — above average
+ Free cash flow $306.96M — positive
+ Revenue growth 18.70% QoQ
+ Debt/equity 0.47x — low leverage
Risks
- P/E 96.61x — expensive valuation
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM | 2026 (E) |
|---|---|---|---|---|---|---|
| Revenue | $3.56B | $4.09B | $4.64B | $5.30B | $5.53B | $6.3B |
| Net income | $848.95M | $1.04B | $1.06B | $1.11B | $335.66M | — |
| EPS | — | — | — | — | $4.31 | $8.15 |
| Free cash flow | $1.12B | $1.25B | $1.12B | $1.59B | $306.96M | — |
| Profit margin | 23.84% | 25.46% | 22.74% | 20.94% | 21.20% | — |
Recent insider activity
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | BRENNAN, ITA M | Sale | 48 | $384.69 |
| 2026-06-10 | BRENNAN, ITA M | Sale | 30 | $386.57 |
| 2026-06-10 | BRENNAN, ITA M | Sale | 23 | $385.54 |
Peer comparison
Smart narrative
Cadence Design Systems Inc trades at $384.96. representing a P/E of 96.61x trailing earnings. Our Smart Value Score of 62/100 indicates the stock is good. The company scores 4/9 on the Piotroski F-Score. With an Altman Z-Score of 3.09, it sits in the safe zone. TTM revenue stands at $5.53B. with profit margins at 21.20%.
Frequently asked questions
What is Cadence Design Systems Inc's stock price?
Cadence Design Systems Inc (CDNS) trades at $384.96, on a P/E of 96.6x and a P/S of 20.8x. Those multiples show what the market is paying for each dollar of earnings and sales, which is the real starting point for judging whether the price is reasonable.
Is Cadence Design Systems Inc overvalued?
Cadence Design Systems Inc carries a Smart Value Score of 62/100 (Grade C+), which we rate Hold. That score blends growth, quality, and valuation into one read.
What is the price target of Cadence Design Systems Inc (CDNS)?
The 12-month analyst consensus target is $380.59, about 1.1% below the current $384.96. A consensus target is the average of Wall Street's 12-month forecasts, so it works as a sentiment gauge rather than a guarantee, and it resets with every earnings cycle.
What is the future stock price of CDNS by 2030?
Our research-backed model puts the 2030 base case at $441.11, built from revenue projections, a growth-adjusted P/S multiple, net debt, and share dilution. It is a scenario rather than a prediction, and the bull and bear cases around it matter more than the single number when you are sizing a position.
What is Cadence Design Systems Inc's revenue?
Cadence Design Systems Inc's trailing twelve-month revenue is $5.53B, and our model projects it reaching about $13.20B by 2030. Revenue scale anchors the valuation multiples and shows whether growth is reaching the top line, so it is best read alongside margin and growth trends to see if that revenue is getting more profitable over time.
Altman Z-Score?
Cadence Design Systems Inc's Altman Z-Score is 3.09, which places it in the safe zone. The Altman Z-Score gauges bankruptcy risk from profitability, leverage, and asset efficiency, and a higher reading points to lower financial distress risk.
Company info
SectorTECHNOLOGY
IndustrySOFTWARE - APPLICATION
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio20.77x
ROE17.85%
Beta1.13
50D MA$327.16
200D MA$323.75
Shares out0.28B
Float0.27B
Short ratio—
Avg volume2.4M
Performance
1 week+0.00%
1 month+8.34%
3 months+28.52%
YTD+20.35%
1 year—
3 years—
5 years—