After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that Cadence to Acquire BETA CAE, Expanding into Structural Analysis.
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Stocks Info
Cadence Design Systems, Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. The current market capitalization of Cadence Design Systems, Inc. is $83.77B. A total of 1.74 million shares were traded on the day, compared to an average of 1.55M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. 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 127 SELLs from insiders. Insiders purchased 416,301 shares during that period but sold 638,635.
In the most recent transaction, Cunningham Paul sold 1,000 shares of CDNS for 303.23 per share on Mar 01. After the transaction, the Sr. Vice President now owns 83,946 company shares. In a previous transaction on Mar 01, Nisewaner Karna sold 600 shares at 303.23 per share. CDNS shares that SVP & General Counsel owns now total 17,595.
Among the insiders who sold shares, WALL JOHN M disposed of 2,700 shares on Feb 28 at a per-share price of $299.00. This resulted in the Sr. VP & CFO holding 76,552 shares of CDNS after the transaction. In another insider transaction, DEVGAN ANIRUDH sold 1,454 shares at $303.90 per share on Feb 27. Company shares held by the President and CEO now total 136,455.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CDNS has a high of $320.78 and a low of $192.78.
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
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $12.53, while its Total Shareholder’s Equity was $2.74B.
Analysts Opinion
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. 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.
