Revenue Estimates Analysis of: Cadence Design Systems Inc. (NASDAQ:CDNS)

Cornelia Mascio
Marzo 9, 2017

The high end of the revenue guidance is $475.1 Million and the low end is $469.6 Million. (NASDAQ:CDNS) have decreased their position in the stock by -24.48% over the past 6 months, according to the latest SEC Filings. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Zacks Investment Research cut Cadence Design Systems from a "hold" rating to a "sell" rating in a report on Friday, February 3rd. (NASDAQ:CDNS) belonging to the Computer and Technology sector has surged 0.74% and closed its last trading session at $31.24. The company's institutional ownership is monitored at 86.9 percent. 2 Analysts think that the Price Target for Aralez Pharmaceuticals Inc. For trailing twelve months, EPS value for the stock is $0.70. Profund Advisors LLC increased its stake in shares of Cadence Design Systems by 0.9% in the second quarter. Shinko Asset Management Co. Riverhead Capital Management LLC now owns 9,400 shares of the company's stock worth $240,000 after buying an additional 5,935 shares during the last quarter.

Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) for the next year 5 years is 11.11 percent (per annum), as compared to 12.91 percent (per annum) in the past 5 years. The volume of 1.95 Million shares climbed down over an trading activity of 2 Million shares. Recently, the equity stands -0.95% away from the 52-week high and 42.78% from the 52-week low. The firm has a market cap of $7.49 billion, a PE ratio of 31.73 and a beta of 0.98. (NASDAQ:CDNS) will report its next earnings on April 24 - Apr 28 (Est.). The company beat the analyst EPS Estimate with the difference of $0.01. The firm had revenue of $446.20 million for the quarter, compared to the consensus estimate of $446.71 million. The stock is showing its Operating Margin of 13.5 percent. The company had Year Ago Sales of $0. While in the same Quarter Previous year, the Actual EPS was $0.28.

Several sell side analysts reviewed their recommendations on Cadence Design Systems Inc.

Several brokerages recently weighed in on CDNS. DA Davidson Upgrades the stock to Buy on 10/10/16 with no specific Price Target. They noted that the move was a valuation call. 6 Analysts reported that the Price Target for Cadence Design Systems Inc. might touch $33 high while the Average Price Target and Low price Target is $29.67 and $25 respectively. Finally, Credit Suisse Group began coverage on Cadence Design Systems in a research report on Wednesday, October 19th. The share price of $24.96 is at a distance of 24.49 percent from its 52-week low and down -20.81 percent versus its peak. (NASDAQ:ARLZ)-0 analysts issued Strong buy for the stock, 2 analysts have given a Buy rating, 0 think it's a HOLD, 0 reported it as Underperform, while 0 analyst issued a Sell rating. Currently, the stock has a 1 Year Price Target of $29.67.

In other Cadence Design Systems news, CEO Lip Bu Tan sold 100,000 shares of the company's stock in a transaction dated Monday, October 17th. Benjamin F. Edwards & Company Inc. now owns 5,353 shares of the company's stock worth $137,000 after buying an additional 2,431 shares during the last quarter. The stock was sold at an average price of $25.52, for a total value of $741,049.76.

Tableau Software, Inc. (NYSE:DATA) ended its day at $50.16 with the rising stream of -1.69% and its total traded volume was 2.3 million shares more than the average volume. The disclosure for this sale can be found here. The Company's product categories include Functional Verification, Digital integrated circuits (IC) Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP).

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