Live Analysis Cadence Design Systems, Inc. (CDNS) experienced a price drop of $9.18, representing a 2.73% decrease from the previous close of $336.54. The trading volume surged to $1.78 million, 65.44% above the average. Today's price movement was influenced by external factors and trading patterns.
Earnings Overview The latest quarterly earnings report for CDNS, announced on Sunday, April 26th, revealed a consensus estimate EPS of 1.91. Further details on revenue and profit margins were not provided in the data.
Cash Flow CDNS reported a net change in cash of $248 million, with operating cash flow at $553.50 million. Notable transactions include issuing $7.83 million in common stock and repurchasing $200 million of common stock.
Income Statement Revenue for the period stood at $1.44 billion, with a gross profit of $1.25 billion. Operating income was $465.23 million, resulting in a net income of $388.14 million. Earnings per share (EPS) and diluted EPS were reported at $1.43 and $1.42, respectively.
Ratios Key financial metrics for CDNS include a net profit margin of 26.95%, return on equity at 7.09%, and a price-to-earnings ratio of 54.55. The company also demonstrated a quick ratio of 2.67 and a debt-equity ratio of 45.31.
Balance Sheet CDNS showcased a strong financial position with total assets amounting to $10.15 billion and total liabilities at $4.68 billion. Notably, the company holds $3 billion in cash and cash equivalents, while total debt stands at $2.48 billion.
This real-time financial report provides insights into CDNS's performance and financial health as the market close draws near.
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.