Cadence Design Systems Shares Slip 0.65% to $213.16 on Monday’s Trading Session
April 20, 2023
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Cadence Design Systems ($NASDAQ:CDNS) Inc. experienced a 0.65% dip in its stock price to $213.16 on Monday’s trading session, despite the overall positive performance of the markets. Cadence Design Systems Inc. is a technology company that provides digital solutions and design tools to help customers with the development of their digital systems, including the design of semiconductors, integrated circuits, and printed circuit boards. Their products are used by engineers, scientists, and other professionals in the electronics industry. The dip in Cadence Design Systems Inc.’s stock price is seen as an anomaly compared to the overall positive performance of the markets on Monday.
While the company is still performing well overall, investors may have had more cautionary expectations for its stock price on Monday. As of now, it is unclear what has caused the 0.65% drop in its stock price. Nonetheless, Cadence Design Systems Inc. is still a leader in the field of digital design solutions, and its shares may see a rebound in the near future.
Share Price
This was a slight decrease from the prior closing price of $213.2. The following day, the company’s stock opened at $214.9 and closed at $213.8, a modest 0.3% increase from the previous day’s closing price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CDNS. More…
| Total Revenues | Net Income | Net Margin |
| 3.56k | 848.95 | 24.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CDNS. More…
| Operations | Investing | Financing |
| 1.24k | -738.63 | -657.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CDNS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.14k | 2.39k | 9.87 |
Key Ratios Snapshot
Some of the financial key ratios for CDNS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.1% | 29.0% | 30.0% |
| FCF Margin | ROE | ROA |
| 31.4% | 24.5% | 13.0% |
Analysis
GoodWhale is taking a closer look at CADENCE DESIGN SYSTEMS. Our analysis shows that the company has a medium risk rating, which means that there are some less than ideal aspects about financials and business practices. We have detected one risk warning in the balance sheet, and we encourage you to become a registered user in order to learn more about it. With that said, our analysis shows that this company has potential for growth and could be a prudent investment. More…
Peers
Cadence Design Systems Inc is one of the leading electronic design automation software providers. The company offers a comprehensive suite of tools, IP and services that enable global electronic system and semiconductor companies to create innovative products that improve the quality of life.
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Summary
Cadence Design Systems Inc. experienced a slight dip in its share price on Monday, closing at $213.16. Despite the market overall being generally positive for the day, the drop in share price likely indicates a lack of investor confidence in the company. Technical analysis of the stock should be closely monitored in order to determine potential opportunities to enter and exit the market.
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