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. Earlier, Yahoo Finance discussed this stock as it revealed Cadence Unveils Millennium Platform—Industry’s First Accelerated Digital Twin Delivering Unprecedented Performance and Energy Efficiency.
Cadence Design Systems, Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $290.52 and fluctuated between $291.33 as its day high and $287.01 as its day low. The current market capitalization of Cadence Design Systems, Inc. is $79.04B. A total of 1.01 million shares were traded on the day, compared to an average of 1.45M shares.
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 1 SELL insider trades, representing the acquisition of 0 and the disposition of 1,250 shares. Over the last 12 months, there were 34 BUYs and 158 SELLs from insiders. Insiders purchased 470,801 shares during that period but sold 746,420.
In the most recent transaction, SANGIOVANNI VINCENTELLI ALBERT sold 4,500 shares of CDNS for 300.00 per share on Jan 24. After the transaction, the Director now owns 54,683 company shares. In a previous transaction on Jan 18, WALL JOHN M sold 36,000 shares at 277.46 per share. CDNS shares that Sr. VP & CFO owns now total 80,594.
Among the insiders who sold shares, SANGIOVANNI VINCENTELLI ALBERT disposed of 11,500 shares on Jan 12 at a per-share price of $267.67. This resulted in the Director holding 59,183 shares of CDNS after the transaction. In another insider transaction, DEVGAN ANIRUDH sold 99,886 shares at $263.20 per share on Jan 02. Company shares held by the President and CEO now total 139,348.
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 $293.36 with high estimates of $326.00 and low estimates of $250.00. In terms of 52-week highs and lows, CDNS has a high of $301.61 and a low of $181.28.
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.
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 4.73.