Analyst Ratings for Cadence Design Systems Inc. (CDNS)

Updated: 2017-07-29

Analysts covering Cadence Design Systems Inc. (NASDAQ:CDNS) have given it a consensus rating of Overweight. About 30 days ago, CDNS was issued an average rating of Hold.

A buy rating was issued by 4 analysts, 0 issued an overweight rating, 5 gave a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Many analysts weighed in on price targets for CDNS. The maximum price target given was 41, which equates to a potential upside of 10.78 percent. The minimum price target given was 32, implying a possible loss of -13.54 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.43 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.43 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 2.45 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.45 percent.

People are often interested in whether analysts were united in the direction of their revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts revised their estimates downwards. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 1 analysts decreased their estimates.

Analysts estimate earnings of CDNS to grow at a rate of 14.66 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. CDNS has a PEG ratio of 2.9.

CDNS has a 52-week high of 37.51 and a 52-week low of 23.83. Today's price is 55.31 percent above the 52-week low, and below the high by 1.33 percent. CDNS has a price/earnings ratio of 42.54. Investors typically compare the P/E ratio to a company's peers in the industry. The CDNS value stock report compares CDNS to some of its peers using value stock charts. The market cap of CDNS is $10.36 billion. CDNS is estimated to release their earnings results for the quarter on 0000-00-00, days from today.