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. Most recently, Yahoo Finance reported about the stock as it publicized that Revolutionary Cadence Reality Digital Twin Platform to Transform Data Center Design for the AI Era.
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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 $86.20B. A total of 1.31 million shares were traded on the day, compared to an average of 1.52M shares.
In the most recent transaction, DEVGAN ANIRUDH sold 48,533 shares of CDNS for 302.50 per share on Mar 18 ’24. After the transaction, the President and CEO now owns 67,812 company shares. In a previous transaction on Mar 18 ’24, ZAMAN ANEEL sold 23,592 shares at 302.52 per share. CDNS shares that Sr. Vice President owns now total 24,499.
Among the insiders who sold shares, SANGIOVANNI VINCENTELLI ALBERT disposed of 1,500 shares on Mar 14 ’24 at a per-share price of $309.16. This resulted in the Director holding 51,683 shares of CDNS after the transaction. In another insider transaction, PLUMMER JAMES D sold 2,412 shares at $315.40 per share on Mar 07 ’24. Company shares held by the Director now total 22,923.
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 $327.36 and a low of $194.01.
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.
