Cadence Design Systems, Inc.
CDNSTechnologyNASDAQSoftware - Application
Scan Results
Daily timeframeHeadquartered within the technology sector, Cadence Design Systems, Inc. focuses on Software - Application services and products. Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. The company carries a $87.29B market cap, placing it firmly in the large-cap category. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including Innovus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog.
Market Cap
$87.29B
Beta
1.13
P/E (TTM)
62.92
P/E (Fwd)
33.07
EPS (TTM)
$5.03
EPS (Fwd)
$9.57
ROE
23.2%
ROA
10.6%
Cash
$1.53B
Total Debt
$2.65B
Free CF
$1.61B
52W Change
-9.9%
Annual Financials
Cash vs Debt
Where CDNS stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, CDNS finished 2.88% below its 150-day moving average ($335.52) and 0.37% below its 200-day moving average ($327.06). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is CDNS overbought or oversold?
At the October 20, 2026 close, CDNS's RSI(14) was 50.9, in neutral territory (between 30 and 70). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
On the balance sheet, CDNS has $1.53B in cash with $2.65B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $1.61B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 23.2% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 10.6% further supports the picture of efficient asset utilization. Revenue has grown from $2.99B (2021) to $5.30B (2025), reflecting a 77% increase over the period.
The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing CDNS.