What Are Analysts Saying About Cadence Design Systems Inc's (CDNS) Future?

Sell-side Wall Street brokerage firms are projecting that Cadence Design Systems, Inc. The institutional investor owned 127,794 shares of the software maker's stock after selling 5,632 shares during the period.

Several equities analysts have recently weighed in on the company.

While considering EPS estimates of the company, it has next quarter growth estimates of 0.39 whereas during current year it has 1.39 estimations over growth, comparing to the estimations of 1.51 during next year. With 1.89M avg volume, 4 days are for Cadence Design Systems Incorporated (NASDAQ:CDNS)'s short sellers to cover CDNS's short positions. During the last trade, stock's minimum price has been reached out at $41.93 while the maximum trading price moved at $42.33.

Understanding Profitability at Cadence Design Systems, Inc. CDNS's earnings growth in the last five years was a weaker 5.82%, indicating a relatively more optimistic future painted for the company in the future. AJO LP raised its stake in shares of Cadence Design Systems by 416.3% in the second quarter. SHOVEN JOHN B sold $1.70 million worth of stock. ADX calculations are made based on the moving average price range expansion over a specified amount of time.

Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) has a market cap of $11.84 billion and over the last 12 months, CDNS has risen by 67.4%. Cadence Design Systems had a return on equity of 27.81% and a net margin of 12.86%. (CDNS) opened at 42.72 on Friday. When it comes to net revenue, the average estimate from a total of 8 analysts is 481.24 million - compared to $446.22 million posted in the year-ago period.

Looking forward, the company's quarterly earnings are expected to come at $0.3 in the three months through September 2017 and $0.32 in the quarter ending December 2017, reflecting 15.38% and 3.23% growth, respectively. Cadence Design Systems Inc had 22 analyst reports since July 29, 2015 according to SRatingsIntel. Zacks Investment Research lowered shares of Cadence Design Systems from a buy rating to a hold rating in a report on Friday, July 28th. Finally, Credit Suisse Group reiterated an outperform rating on shares of Cadence Design Systems in a report on Thursday, August 31st. (NYSE:PEP) on Tuesday, July 21 with "Buy" rating. Its EPS was $2.64 while outstanding shares of the company were 397.07M. Finally, Bank of America Corporation lifted their target price on Cadence Design Systems from $38.00 to $41.00 and gave the company a "buy" rating in a research note on Tuesday, July 25th. They set a neutral rating and a $25.00 price target for the company.

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Analysts have given a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The legal version of this piece of content can be viewed at These up or down trends are telling the direction of stock price on basis of moving averages.

Active and passive shareholders always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data. Following the completion of the sale, the chief financial officer now owns 174,413 shares of the company's stock, valued at approximately $6,432,351.44. The stock was sold at an average price of $24.85, for a total value of $3,230,500.00. In the last ninety days, insiders have sold 260,786 shares of company stock worth $10,186,400. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

"Broad-based proliferation and adoption of our digital and signoff, custom analog tools and IP products with consistent execution enabled Cadence to achieve excellent operating results for the third quarter", said Lip-Bu Tan, president and chief executive officer.

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