After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Cadence Soars up the Wall Street Journal List of Best Managed Companies in 2023.
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Stocks Info
Cadence Design Systems, Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. The current market capitalization of Cadence Design Systems, Inc. is $75.51B. A total of 2.6 million shares were traded on the day, compared to an average of 1.44M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CDNS has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 2,750 shares. Over the last 12 months, there were 35 BUYs and 169 SELLs from insiders. Insiders purchased 513,301 shares during that period but sold 820,765.
In the most recent transaction, DEVGAN ANIRUDH sold 99,886 shares of CDNS for 263.20 per share on Jan 02. After the transaction, the President and CEO now owns 139,348 company shares. In a previous transaction on Jan 02, ZAMAN ANEEL sold 6,708 shares at 264.10 per share. CDNS shares that Sr. Vice President owns now total 63,494.
Among the insiders who sold shares, Cunningham Paul disposed of 1,000 shares on Jan 02 at a per-share price of $269.16. This resulted in the Sr. Vice President holding 86,316 shares of CDNS after the transaction. In another insider transaction, Nisewaner Karna sold 600 shares at $269.16 per share on Jan 02. Company shares held by the Corporate VP, General Counsel now total 19,009.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CDNS in the last 3 months, the mean price target is $292.33 with high estimates of $315.00 and low estimates of $250.00. In terms of 52-week highs and lows, CDNS has a high of $279.33 and a low of $166.00.
As of this writing, CDNS has an earnings estimate of $1.33 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $1.35 per share and a lower estimate of $1.33. The company reported an EPS of $1.22 in the last quarter, which was 3.40% higher than expectations of $1.18.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CDNS’s latest balance sheet shows that the firm has $1.09B in Cash & Short Term Investments as of fiscal 2021. There were $454.71M in debt and $971.23M in liabilities at the time. Its Book Value Per Share was $11.45, while its Total Shareholder’s Equity was $2.74B.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CDNS is Buy with a score of 4.75.
