An Evaluation Of Cadence Design Systems, Inc (NASDAQ: CDNS) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

CDNS belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. The current market capitalization of Cadence Design Systems, Inc is $87.03B. A total of 1.37 million shares were traded on the day, compared to an average of 1.90M shares.

In the most recent transaction, CHIN-CHI TENG bought 5,758 shares of CDNS for 310.17 per share on Nov 22 ’24. In a previous transaction on Nov 22 ’24, BECKLEY THOMAS P bought 53,074 shares at 313.38 per share.

Among the insiders who sold shares, SANGIOVANNI VINCENTELLI ALBERT disposed of 1,500 shares on Nov 15 ’24 at a per-share price of $298.45. This resulted in the Director holding 40,551 shares of CDNS after the transaction. In another insider transaction, TENG CHIN-CHI sold 10,000 shares at $295.60 per share on Nov 15 ’24. Company shares held by the Sr. Vice President now total 93,275.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CDNS has a high of $328.99 and a low of $241.29.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CDNS’s latest balance sheet shows that the firm has $1.09B in Cash & Short Term Investments as of fiscal 2021. There were $454.71M in debt and $971.23M in liabilities at the time. Its Book Value Per Share was $16.64, while its Total Shareholder’s Equity was $2.74B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CDNS is Buy with a score of 4.47.

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