Last $17.05 USD
Change Today +0.23 / 1.37%
Volume 4.5M
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cadence design sys inc (CDNS) Snapshot

Open
$16.89
Previous Close
$16.82
Day High
$17.07
Day Low
$16.64
52 Week High
07/7/14 - $17.66
52 Week Low
11/20/13 - $12.55
Market Cap
4.9B
Average Volume 10 Days
4.2M
EPS TTM
$0.58
Shares Outstanding
290.0M
EX-Date
--
P/E TM
29.4x
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

Renesas Achieves 3X Reduction in Chip-Finishing Turnaround Time Using Cadence QuickView Signoff Data Analysis Environment

Cadence Design Systems Inc. announced that Renesas Electronics Corporation utilized the Cadence(R) QuickView Signoff Data Analysis Environment to achieve a 3X improvement in chip-finishing turnaround time over its previous solution. As a result of this productivity gain, Renesas has standardized on the Cadence(R) QuickView Signoff Data Analysis Environment to maximize tapeout productivity for all technology nodes. The QuickView Signoff Data Analysis Environment is a high-performance, high-capacity data-analysis tool that enables viewing and superimposing of design data in any of its intermediate conditions throughout the chip-finishing process. The QuickView Signoff Data Analysis Environment is also compatible with third-party IC implementation flows and can read file formats used by third-party verification tools. The solution's comprehensive database operations--intelligent overlay, graphical XOR capabilities, synchronized multi-windows, net tracing, LEF/DEF support, merging/converting data, and cross-section views--make graphical comparisons of data easy by providing an additional element of decision support to tapeout engineers.

Cadence Design Systems, Inc. Introduces Three New OrCAD PCB Products Targeting Emerging Electronic Product Design Challenges

Cadence Design Systems Inc. announced three new additions to its OrCAD(R) product line to accelerate the mainstream PCB design process and provide a significant boost to productivity and efficiency. The new OrCAD products include OrCAD Engineering Data Management (EDM), a comprehensive collaboration and management environment for OrCAD Capture; OrCAD Library Builder, a rapid automated part builder; and OrCAD Documentation Editor, an intelligent, automated PCB documentation environment. OrCAD EDM enables efficient schematic design collaboration and management among engineering teams within the OrCAD Capture environment. It combines an easy-to-use, intuitive interface with design and data management capabilities to ensure that data integrity and project status are managed throughout the schematic design process. EDM enables engineers to work collaboratively together as a group, regardless of geographic location, resulting in better team productivity and efficiency. OrCAD Library Builder provides a single integrated environment for the rapid creation of complete OrCAD parts by harvesting readily available component IP from on-line component catalogs and device specification sheet PDFs using an automated correct-by-construction approach.

Cadence Design Systems Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014; Provides Earnings Guidance for the Third Quarter Ending September 27, 2014 and for the Full Year 2014

Cadence Design Systems Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported revenue of $378.788 million, compared to revenue of $362.481 million reported for the same period in 2013. Net income was $23.263 million, or $0.08 per share on a diluted basis compared to net income of $9.429 million, or $0.03 per share on a diluted basis a year ago. Income from operations was $35.497 million against $45.142 million a year ago. Income before provision for income taxes was $29.763 million against $37.632 million a year ago. On NON-GAAP basis, net income was $63.609 million compared to net income of $61.165 million in the same period in 2013. On NON-GAAP basis, total revenue was $378.788 million against $362.481 million a year ago. Income from operations was $88.931 million against $85.788 million a year ago. Income before provision for income taxes was $85.958 million against $82.656 million a year ago. Capital expenditures were $11 million. Operating cash flow was $69 million. For the six months, the company reported total revenue of $757.338 million against $716.747 million a year ago. Income from operations was $747.809 million against $103.278 million a year ago. Income before provision for income taxes was $68.189 million against $88.681 million a year ago. Net income was $56.333 million against $88.038 million a year ago. Diluted net income per share was $0.19 against $0.30 a year ago. Net cash provided by operating activities were $96.963 million against $150.231 million a year ago. Purchases of property, plant and equipment was $17.715 million against $23.739 million a year ago. For the third quarter ending September 27, 2014 revenue is expected in the range of $390 million to $400 million. GAAP net income per diluted share is expected to be in the range of $0.13 to $0.15. Net income per diluted share using the NON-GAAP measure defined below is expected to be in the range of $0.23 to $0.25. Non-GAAP operating margin is expected to be approximately 26%. For the full year 2014, the company expects total revenue in the range of $1.570 billion to $1.590 billion. On a GAAP basis, net income per diluted share for 2014 is expected to be in the range of $0.48 to $0.56. Using the NON-GAAP measure defined below, net income per diluted share for 2014 is expected to be in the range of $0.90 to $0.98. The company is reducing EPS outlook for the year due to lower hardware gross margins and higher diluted share count because of the impact of a higher share price on calculated dilution from 2015 convertible notes. Non-GAAP operating margin is expected to be 25% to 26% on an annual basis. This is down from the previous expectation of approximately 26%, primarily due to lower hardware gross margins. Operating cash flow to be in the range of $305 million to $335 million. This is down from the previous range of $335 million to $365 million, primarily due to the impact of voluntary retirement program, the deferred revenue impact from Jasper and lower hardware gross margins. Capital expenditures are expected to be approximately $40 million.

 

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CDNS

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Valuation CDNS Industry Range
Price/Earnings 38.0x
Price/Sales 3.2x
Price/Book 3.9x
Price/Cash Flow 31.8x
TEV/Sales 2.5x
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