Cadence Design Systems CDNS

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    Relative Strength Index (RSI)

    - The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.

    - The RSI is calculated using the following formula:

    RSI = 100 - (100 / (1 + RS))

    Where RS is the ratio of the average gains to the average losses over a specified period.

    - The default time period used is 14 days.

    - RSI values range between 0 and 100.

    RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)

    RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)

    RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.

    About

    Cadence Design Systems (CDNS) Business Model and Operations Summary
    Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

    Key Insights

    Cadence Design Systems (CDNS) Stock Information & Key Business Metrics
    • Market Cap

      $86.78 Billion
    • Average Daily Volume

      1,559,371 Shares
    • 52-Week Range

      $221.56-$376.45
    • Price-Earnings Ratio

      83.97
    • Free Cash Flow

      $1.48 Billion
    • Total Outstanding Shares

      272.20 Million Shares
    • Free Float

      271.30 Million Shares (99.7% Outstanding)
    • CEO

      Anirudh Devgan
    • Total Employees

      12,700
    • Current Dividend

      No dividend
    • IPO Date

      June 10, 1987
    • Headquarters

      2655 Seely Avenue Bldg 5, San Jose, CA, 95134

    Financial Highlights

    Cadence Design Systems (CDNS) Key Financial Metrics

    Earnings Reports

    Expected vs. Actual Quarterly Earnings-Per-Share & Revenue

    Short Volume

    Daily short volume activity identifies short-term trading pressure and potential price volatility

    Short Interest

    Bi-monthly short interest levels can be used to gauge bearish market sentiment and short squeeze potential

    Revenue Breakdown

    Distribution of revenue across unique business segments & geographies

    Cash Flow Statement

    Income Statement

    Balance Sheet

    Historical Stock Splits

    Historical Dividends

    CDNS does not currently pay dividends

    Recent Headlines From The Web

    Latest news, press releases, and media coverage about CDNS from trusted financial sources

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