After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed DEI@Cadence: Empowering Women at Cadence Cork.
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Stocks Info
This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $303.53 and fluctuated between $308.26 as its day high and $300.55 as its day low. The current market capitalization of Cadence Design Systems, Inc. is $82.63B. A total of 1.16 million shares were traded on the day, compared to an average of 1.56M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, CDNS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 139 SELLs from insiders. Insiders purchased 416,301 shares during that period but sold 679,126.
In the most recent transaction, BECKLEY THOMAS P sold 65,268 shares of CDNS for 296.98 per share on Feb 15. After the transaction, the Sr. Vice President now owns 156,156 company shares. In a previous transaction on Feb 06, SANGIOVANNI VINCENTELLI ALBERT sold 1,500 shares at 299.42 per share. CDNS shares that Director owns now total 53,183.
Among the insiders who sold shares, ZAMAN ANEEL disposed of 78 shares on Feb 02 at a per-share price of $290.75. This resulted in the Sr. Vice President holding 63,541 shares of CDNS after the transaction. In another insider transaction, Cunningham Paul sold 1,000 shares at $289.50 per share on Feb 01. Company shares held by the Sr. Vice President now total 85,441.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CDNS in the last 3 months, the mean price target is $321.94 with high estimates of $350.00 and low estimates of $280.00. In terms of 52-week highs and lows, CDNS has a high of $315.70 and a low of $189.30.
As of this writing, CDNS has an earnings estimate of $1.12 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.16 per share and a lower estimate of $1.11. The company reported an EPS of $1.26 in the last quarter, which was 5.00% higher than expectations of $1.2.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $12.53, while its Total Shareholder’s Equity was $2.74B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 4.58.
