The stock's average target of $28 is -33.44% below today's ($42.07) share price.
This company has been competing with others in the Technology space and offers its own combination of interesting factors Cadence Design Systems, Inc. (NASDAQ:CDNS)'s stock has changed 64.12%. Cadence Design Systems posted earnings per share of $0.30 in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The business had revenue of $479.00 million during the quarter, compared to analysts' expectations of $476.21 million. The stock carved out a 52-week low down at $24.15.
In related news, CFO Geoffrey G. Ribar sold 15,000 shares of Cadence Design Systems stock in a transaction dated Monday, August 28th. The company has a market cap of $11.60 billion, a P/E ratio of 48.13 and a beta of 0.93. Commonwealth Bank of Australia raised its position in Cadence Design Systems by 36.6% during the second quarter. The 50 day moving average was up by +6.99% and the 200 day average moved up $6.19. As of the last earnings report the EPS was $0.86 and is projected to be $1.39 for the current year with 280,200,000 shares now outstanding. They expect $0.24 EPS, up 4.35% or $0.01 from last year's $0.23 per share. The legal version of this article can be read at https://stocknewstimes.com/2017/10/11/0-34-eps-expected-for-cadence-design-systems-inc-cdns-this-quarter.html. The one year target is $25.43 with two equity analysts rating the company a strong buy, two equity analysts rating the company a buy, four brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly zero analysts rating the company a sell. Royal Bank Of Canada boosted their target price on Cadence Design Systems from $39.00 to $45.00 and gave the stock an "outperform" rating in a report on Wednesday.
07/28/2015 - Cadence Design Systems, Inc. had its "buy" rating reiterated by analysts at Summit Research.
In the market the company is trading up by 0.81%% since yesterday's close of 40.68. The insider now holds 113,842 shares of Cadence Design Systems, Inc. The shares were sold at an average price of $40.68, for a total value of $30,510.00. Following the completion of the sale, the chief financial officer now owns 184,413 shares of the company's stock, valued at $6,924,708.15.
01/19/2016 - Cadence Design Systems, Inc. had its "outperform" rating reiterated by analysts at Northland Securities. They may also be used to assist the trader figure out proper support and resistance levels for the stock. The disclosure for this sale can be found here. Whittier Communications Of Nevada Inc stated it has 0% in Cadence Design Systems Inc (NASDAQ:CDNS). Analysts have a mean recommendation of 2.60 on this stock.
Several institutional investors have recently added to or reduced their stakes in the stock. They now have a Dollars 26 price target on the stock. The company's quarterly EPS surprised Wall Street by as much as 2% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. As of the end of the quarter Janus Capital Management LLC had disposed of 20,617,271 shares trimming its holdings by 93.7%. The software maker reported $0.34 EPS for the quarter, beating the Zacks' consensus estimate of $0.32 by $0.02. Cowie now owns $945,729 of the stock per the Form 4 SEC filing. State Street Corp raised its holdings in Cadence Design Systems by 1.2% in the second quarter.
In recent action, Cadence Design Systems, Inc. The Company's product categories include Functional Verification, Digital integrated circuits (IC) Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP).