Cadence Design Systems Inc (Nasdaq:CDNS)
February 11th, 2019
Cadence Design Systems Inc fell ($0.07) Monday which equals a 0.14% decline, closing at $50.84. Despite the drop in price it hit a new 52 week high of $51.44. It’s expected that Cadence Design Systems Inc will report earnings within the next couple of weeks.
CDNS was outperformed by the rest of the Information Technology sector which went 0.00%.
Cadence Design Systems Inc is listed on the S&P 500 index, and was one of 183 stocks that slumped today. Weighted by market cap, CDNS represents about 0.06% of the S&P 500.
Analysis results from 9 analysts indicates that Cadence Design Systems Inc might rise somewhat (1.94%), while Finbox has calculated (with low uncertainty) a fair value price of $40.42.
The market sectors were mixed Monday with a majority of the sectors trending up. Industrials saw the biggest increase of the day (0.55%), while Communication Services saw the biggest drop (-0.63%). Industrials has seen the biggest year-to-date gain at 13.91%.
Energy saw the biggest turnaround from its 5-day performance of -2.98%, as it went up 0.46%. Utilities saw a turn around from its 5-day performance of 1.70% trading down -0.08%.
- Industrials went up with a 0.55% change.
- Energy went up with a 0.46% change.
- Financials went up with a 0.25% change.
- Real Estate went up with a 0.23% change.
- Consumer Staples went up with a 0.21% change.
- Materials went up with a 0.19% change.
- Consumer Discretionary went up with a 0.18% change.
- Information Technology stayed even with a 0.00% change.
- Utilities went down with a -0.08% change.
- Healthcare went down with a -0.13% change.
- Communication Services went down with a -0.63% change.
Cadence Design Systems Inc Info
Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis 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 simulation platform; Palladium Z1, a verification computing platform; and Protium S1 field-programmable gate array prototyping platform. The company also provides digital integrated circuit (IC) design products, such as logic design products for chip planning, design, verification, and test technologies and services; physical implementation tools, including place and route, signal integrity, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry, as well as design for manufacturing products for use in the product development process. In addition, it offers custom IC design and verification 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 interconnect design products to develop printed circuit boards and IC packages. Further, the company provides design intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer’s ICs; and verification IP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company was founded in 1988 and is headquartered in San Jose, California.
All amounts in USD unless otherwise indicated
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