Last $16.33 USD
Change Today -0.26 / -1.57%
Volume 4.6M
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cadence design sys inc (CDNS) Snapshot

Open
$16.58
Previous Close
$16.59
Day High
$16.72
Day Low
$16.31
52 Week High
09/4/14 - $19.00
52 Week Low
11/20/13 - $12.55
Market Cap
4.8B
Average Volume 10 Days
5.0M
EPS TTM
$0.54
Shares Outstanding
292.7M
EX-Date
--
P/E TM
30.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for CADENCE DESIGN SYS INC (CDNS)

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cadence design sys inc (CDNS) Details

Cadence Design Systems, Inc. develops, sells or leases, and licenses electronic design automation (EDA) software, emulation hardware, verification intellectual property (VIP), and design intellectual property (design IP) for semiconductor and electronics systems companies worldwide. It offers functional verification products, including logic verification software that enable customers to coordinate verification activities across multiple teams and various specialists for verification planning and closure; system design and verification products for hardware-software verification, as well as for system power exploration, analysis, and optimization; design IP products consisting of pre-verified, customizable functional blocks to integrate into customer’s SoCs; and VIP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. The company also provides custom integrated circuits (ICs) design and verification products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and RF designs. In addition, the company provides digital IC design products, such as logic design products for chip planning, design, verification, and test technologies and services; physical implementation products, which are used in place and route, signal integrity, optimization, and double patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. Further, it offers system interconnect design products to develop printed circuit boards and IC packages; and design for manufacturing products to address manufacturing and yield issues in the product development process. Additionally, the company offers engineering, methodology, education, and hosted design solutions. Cadence Design Systems, Inc. was founded in 1988 and is headquartered in San Jose, California.

5,700 Employees
Last Reported Date: 02/20/14
Founded in 1988

cadence design sys inc (CDNS) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $650.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $400.0K
Executive Vice President of Worldwide Field O...
Total Annual Compensation: $400.0K
Chief of Staff to The Chief Executive Officer...
Total Annual Compensation: $375.0K
Senior Vice President of Research & Developme...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

cadence design sys inc (CDNS) Key Developments

Cadence Design Systems Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 27, 2014; Provides Earnings Guidance for the Fourth Quarter Ending January 3, 2015; Revised Earnings Guidance for the Year Ending January 3, 2015

Cadence Design Systems Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 27, 2014. For the quarter, the company reported total revenue of $400.496 million against $366.647 million a year ago. Income from operations was $54.049 million against $47.930 million a year ago. Income before provision for income taxes was $46.109 million against $40.882 million a year ago. Net income was $37.535 million or $0.12 per diluted share against $38.500 million or $0.13 per diluted share a year ago. Operating cash flow was $88 million compared $98 million for the year ago quarter. Capital expenditures were $10 million. For the nine months, the company reported total revenue of $1,157.834 million against $1,083.394 million a year ago. Income from operations was $131.858 million against $151.208 million a year ago. Income before provision for income taxes was $114.298 million against $129.563 million a year ago. Net income was $93.868 million or $0.31 per diluted share against $126.538 million or $0.43 per diluted share a year ago. Net cash provided by operating activities was $184.655 million against $248.441 million a year ago. Purchases of property, plant and equipment was $27.958 million against $35.950 million a year ago. For fourth quarter, it sees non-GAAP EPS of $0.26 - $0.28, versus the estimates for $0.29 EPS. Revenue is expected to be $417 million - $427 million. Diluted net income per share on a GAAP basis in a range of $0.16 to $0.18. Expected net income on a GAAP basis in a range of $48 to $55 million. Expected non-GAAP net income on a GAAP basis in a range of $79 to $86 million. The company expects fiscal 2014 non-GAAP EPS of $0.92 - $0.94, this should change from previous range of $0.90 to $0.98 due to interest expense for new bond issue. Expected revenue in a range of $1.575 billion - $1.585 billion. Diluted net income per share on a GAAP basis in a range of $0.46 to $0.48. This is lower than previous guidance of $0.48 to $0.56 due to the restructuring and the interest expense from new bond issue. Expected net income on a GAAP basis in a range of $142 to $149 million. Expected non-GAAP net income on a GAAP basis in a range of $282 to $289 million. The company is assuming a non-GAAP tax rate of 26% for the year. The company expects operating cash in the range of $290 million to $320 million, is down slightly from previous range of $305 million to $335 million, primarily due to restructuring payments. Capital expenditures are expected to be approximately $40 million.

Cadence Design Systems, Inc Announces Global Unichip Corporation Uses Cadence Encounter Digital Implementation System to Complete its First Production Design on TSMC 16FF+ Process

Cadence Design Systems Inc. and Global Unichip Corporation (GUC) announced that GUC used the Cadence(R) Encounter(R) Digital Implementation System to tape out its first production high performance computation ASIC design on TSMC's 16nm FinFET Plus (16FF+) process. The combination of the Cadence digital solution with the 16FF+ process provided GUC with a 2X system performance improvement, an 18% frequency increase, and a 28% power reduction over their previous design. GUC utilized the Encounter Digital Implementation System to address the implementation challenges that arise at 16FF+, including increased double-patterning and FinFET design rule checking (DRC), timing and power variability, and throughput requirements. In addition, the Encounter system provided: A correct-by-construction, comprehensive double-patterning and FinFET-enabled flow that spans floorplanning, placement, and routing to electrical and physical signoff. Seamless integration with Cadence Litho Physical Analyzer and Cadence CMP Predictor to enable design-for-manufacturing (DFM) Multi-threaded GigaOpt and NanoRoute technologies that employed massive parallelization to effectively handle the increase in DRC rules and design size. The GigaOpt advanced on-chip variation (AOCV) and route-driven technologies that improved the performance and power of the SoC.

Cadence Design Systems Inc. to Showcase Latest Automotive Technologies at the 2014 IEEE-SA Ethernet & IP at Automotive Technology Day

Cadence Design Systems Inc. announced it plans to exhibit its latest automotive technologies at the 2014 IEEE-SA Ethernet & IP at Automotive Technology Day. This show is the number one venue for OEMs, suppliers, semiconductor vendors and tool providers to discuss and learn about the evolution of Ethernet standards, technologies and applications in the automotive environment. Cadence is scheduled to exhibit in booth #313 from October 23 to 24, 2014, in Detroit, MI. Cadence plans to hold demonstrations and presentations in the booth on topics including a comprehensive automotive audio solution using Cadence Tensilica HiFi audio DSP and Ethernet MAC IP, automotive Ethernet serial link analysis, data integrity of infotainment interfaces, EMI checking of printed circuit boards (PCB) and verification IP for automotive Ethernet.

 

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CDNS

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Valuation CDNS Industry Range
Price/Earnings 37.5x
Price/Sales 3.1x
Price/Book 3.8x
Price/Cash Flow 31.6x
TEV/Sales 2.5x
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