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.

Several price targets were given for CDNS by the analysts covering the stock. The highest price target was 41, implying potential capital gains of 10.78 percent. The minimum price target given was 32, implying potential capital losses 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.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.43 percent. That number becomes -1.43 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 2.45 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 2.45 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, while 3 analysts made negative revisions. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts made negative revisions to their fiscal year's estimates.

The growth rate of CDNS's earnings is estimated by analysts to be 14.66 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. CDNS has a PEG ratio of 2.9.

In the trailing 52-weeks, CDNS hit 37.51 at the highest peak, while it's lowest trading point was 23.83. Currently the stock is 55.31 percent higher than its low, and 1.33 percent lower than its 52-week high. CDNS has a P/E 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 stock has a market capitalization of $10.36 billion. CDNS will post this quarters earnings in days, on 0000-00-00.