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 is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
Key Insights
Cadence Design Systems (CDNS) Core Market Data and Business Metrics
Latest Closing Price
$258.79Market Cap
$70.88 BillionPrice-Earnings Ratio
67.22Total Outstanding Shares
274.26 Million SharesTotal Employees
11,200Dividend
No dividendIPO Date
March 26, 1990SIC Description
Services-prepackaged SoftwarePrimary Exchange
NASDAQHeadquarters
2655 Seely Avenue Bldg 5, San Jose, CA, 95134
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Investing Activities | $-837.12 Million |
| Net Cash Flow From Investing Activities, Continuing | $-837.12 Million |
| Net Cash Flow From Financing Activities | $1.24 Billion |
| Net Cash Flow, Continuing | $1.66 Billion |
| Net Cash Flow From Operating Activities, Continuing | $1.26 Billion |
| Net Cash Flow From Operating Activities | $1.26 Billion |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Income Tax Expense/Benefit, Deferred | $-128.74 Million |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0 |
| Income/Loss From Continuing Operations After Tax | $1.06 Billion |
| Basic Average Shares | $271.21 Million |
| Net Income/Loss Attributable To Noncontrolling Interest | $0 |
| Benefits Costs and Expenses | $3.25 Billion |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Other Comprehensive Income/Loss | $-95.69 Million |
| Comprehensive Income/Loss Attributable To Parent | $959.79 Million |
| Comprehensive Income/Loss | $959.79 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Equity | $4.67 Billion |
| Other Current Assets | $3.08 Billion |
| Noncurrent Assets | $4.96 Billion |
| Liabilities And Equity | $8.97 Billion |
| Other Current Liabilities | $1.03 Billion |
| Intangible Assets | $594.73 Million |
Historical Dividends
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| No historical dividends | ||||