Is Cadence stock overpriced? (2024)

Is Cadence stock overpriced?

Valuation metrics show that Cadence Design Systems, Inc

. may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors.

Is cadence overvalued?

Is Cadence Design Systems Still Cheap? According to our valuation model, the stock is currently overvalued by about 32%, trading at US$278 compared to our intrinsic value of $210.92.

Is Cadence stock a good buy?

The average price target represents 14.70% Increase from the current price of $285.02. What do analysts say about Cadence Design Systems? Cadence Design Systems's analyst rating consensus is a Moderate Buy. This is based on the ratings of 11 Wall Streets Analysts.

Is CDNS overvalued?

Compared to the current market price of 277.75 USD, Cadence Design Systems Inc is Overvalued by 47%.

What is the price prediction for Cadence stock?

21 analysts offering 12-month price forecasts for Cadence Design Systems Inc. (CDNS) have a share price target of $326.74. This median of share price forecast represents a 8.35% upside from the latest price of $301.56 as on 16.04.

Is Cadence Bank financially stable?

Cadence Bank Balance Sheet Health

Cadence Bank has total assets of $48.9B and total equity of $5.2B. Total deposits are $38.5B, and total loans are $32.0B. It earns a Net Interest Margin of 3.1%. It has sufficient allowance for bad loans, which are currently at 0.7% of total loans.

Is Cadence good company?

Cadence is honored to be recognized as a Great Place to Work around the world, including on FORTUNE Magazine's list of the 100 Best Companies to Work For.

Who are Cadence's top competitors?

Cadence's competitors and similar companies include Rambus, Keysight Technologies, Zuken and Ansys.

Who is Cadence owned by?

The ownership structure of Cadence Design (CDNS) stock is a mix of institutional, retail and individual investors. Approximately 53.73% of the company's stock is owned by Institutional Investors, 4.50% is owned by Insiders and 41.77% is owned by Public Companies and Individual Investors.

What is the stock price forecast for Cadence in 2025?

Cadence Design Systems Stock Prediction 2025

The Cadence Design Systems stock prediction for 2025 is currently $ 380.95, assuming that Cadence Design Systems shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 34.40% increase in the CDNS stock price.

Is CDNS a buy zacks?

Cadence Design Systems currently has an average brokerage recommendation (ABR) of 1.54 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.)

Why are CDNS expensive?

The high cost of CDNs in Asia is a complex issue influenced by infrastructure challenges, bandwidth pricing, regulatory costs, and cybersecurity needs. Despite these challenges, the potential for growth in the CDN market is immense, given the region's booming digital economy.

Does CDNS stock pay dividends?

Cadence Design Systems (CDNS) does not pay a dividend.

What is the stock price prediction for Cadence in 2024?

Cadence Design Systems, Inc. quote is equal to 280.170 USD at 2024-04-21. Based on our forecasts, a long-term increase is expected, the "CDNS" stock price prognosis for 2029-04-11 is 535.642 USD.

What is the revenue of Cadence stock?

Cadence Design Systems had revenue of $4.08B in the twelve months ending March 31, 2024, with 10.75% growth year-over-year. Revenue in the quarter ending March 31, 2024 was $1.01B, a -1.23% decrease year-over-year. In the year 2023, Cadence Design Systems had annual revenue of $4.09B with 14.83% growth.

What does Cadence sell?

Cadence is best know for its software that helps design computer chips, where the precise placement of tens of billions of tiny electrical switches called transistors can make or break a chip's speed and competitiveness. But the San Jose, California-based company is competing with its primary rival Synopsys (SNPS.

What Bank is Cadence merging with?

Cadence Bancorporation merged into BancorpSouth Bank, and the surviving company, BancorpSouth, was renamed Cadence Bank, the company said in a news release.

Who took over Cadence Bank?

In April 2021, BancorpSouth Bank entered into a merger agreement with Cadence Bancorporation, with the merged entity using the Cadence Bank name. The merger was completed on October 29, 2021. In October 2023, Cadence Bank sold its insurance subsidiary, Cadence Insurance to Arthur J. Gallagher & Co.

How secure is Cadence Bank?

Cadence Bank takes the security of your debit and credit card transactions seriously. We're dedicated to safeguarding your cards from unauthorized access, 24/7. Learn how we protect your card transactions and ways you can protect yourself from card fraud.

Who are Cadence's customers?

Is Cadence a big company?

The revenues of the combined company were $390 million, making Cadence "the largest provider of the software used by electronic engineers to design computer chips and circuit boards," according to the New York Times.

How many employees does Cadence have?

Cadence Design Systems Employees

Cadence Design Systems had 11,200 employees on December 31, 2023. The number of employees increased by 1,000 or 9.80% compared to the previous year.

What is the rank of Cadence company?

What companies use Cadence?

Are Cadence and Synopsys competitors?

Cadence Design Systems competitors include Synopsys Inc, ANSYS INC, Atrenta and Axcelis Technologies.