Cadence Design Systems, Inc. (CDNS) EPS Estimated At $0.20

Joanna Estrada
April 17, 2018

The company had revenue of $501.70 million during the quarter, compared to analysts' expectations of $496.20 million. (NASDAQ:CDNS) posting a -0.45% after which it closed the day' session at $37.30 and sees an average of 2.66M shares trade hands in each session while it's while its relative trading volume is 0.43. (NASDAQ:AMD) for 1.87M shares. Cadence Design Systems Inc had 27 analyst reports since July 29, 2015 according to SRatingsIntel. (NASDAQ:CDNS)'s Williams Percent Range or 14 day Williams %R now sits at -27.89. CDNS outperformed by 3.35% the S&P500. Over the last 90 days, insiders have sold 372,651 shares of company stock worth $10,240,861.

Investors are often closely following recent stock price support and resistance levels. The stock has relative volume of 0.43. About 37.23 million shares traded. (NYSE:ANF) has risen 103.89% since April 15, 2017 and is uptrending. It has outperformed by 32.41% the S&P500.

Since October 16, 2017, it had 0 insider buys, and 8 selling transactions for $11.37 million activity. This number based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. (NASDAQ:CDNS) for 29,716 shares. 50,000 Cadence Design Systems, Inc. As Express, Inc. has a P/S, P/E and P/B values of 0.3, 40.34 and 0.98 respectively.

Investors sentiment increased to 1.59 in Q4 2017. Its down 0.42, from 1.51 in 2017Q3. (NASDAQ:CDNS) for 11,950 shares. Investors holded 234.20 million in 2017Q3 but now own 235.53 million shares or 0.57% more.

In this article I'll take a deep dive into the numbers for Cadence Design Systems, Inc. After the giving short look at one day return of Cadence Design Systems, is observed that CDNS reported reduction return of -0.45% in last trading session. Texas Permanent School Fund holds 0.04% in Cadence Design Systems, Inc.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Wednesday, January 31st.

CDNS indicated a yearly positive return of 19.28% while year-to-date (YTD) return printed -10.81% declining outlook. (NASDAQ:CDNS) now has a 14-day Commodity Channel Index (CCI) of 118.72. Cleararc Cap invested in 0.04% or 7,205 shares. Virtus Invest Advisers stated it has 17,719 shares. California Public Employees Retirement System accumulated 0.04% or 648,730 shares. Adirondack Com holds 0% or 100 shares in its portfolio. Finally, RBC Capital Markets reaffirmed an "outperform" rating and set a $33.00 target price (up from $30.00) on shares of Cadence Design Systems in a research report on Thursday, February 9th. Commonwealth Equity Services Inc purchased a new stake in Cadence Design Systems during the third quarter valued at about $222,000. 1,137,601 shares of the company's stock were exchanged, compared to its average volume of 2,670,514. It also upped Sunopta Inc (NASDAQ:STKL) stake by 444,395 shares and now owns 689,145 shares. Goldman Sachs Group Inc. grew its stake in Cadence Design Systems by 3.2% during the fourth quarter. The company is scheduled to report its next earnings report on Monday, April 23rd. CDNS's profit will be $56.65M for 46.63 P/E if the $0.20 EPS becomes a reality. Cadence Design Systems Inc has a one year low of $21.88 and a one year high of $31.54. Zacks Investment Research raised shares of Cadence Design Systems from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 3rd. Therefore 50% are positive. The firm has "Hold" rating given on Friday, October 27 by Needham. The firm has "Outperform" rating given on Tuesday, October 27 by Northland Capital. DA Davidson downgraded Cadence Design Systems, Inc. DA Davidson upgraded the stock to "Buy" rating in Monday, October 10 report. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The firm has "Hold" rating by Credit Suisse given on Thursday, February 1. The rating was maintained by RBC Capital Markets with "Buy" on Friday, May 26. It improved, as 18 investors sold CDNS shares while 111 reduced holdings. 53 funds opened positions while 54 raised stakes. Farmers And Merchants Investments reported 109 shares. (NASDAQ:CDNS). Jefferies Gru Limited Company reported 188,276 shares stake. Verition Fund Mngmt Ltd Liability Co invested in 0.06% or 15,138 shares. (NYSE:ANF). 5,881 are held by Ameritas Invest Prtn. (NASDAQ:CDNS). Quantbot Lp, New York-based fund reported 81,412 shares. Hbk Investments Limited Partnership owns 38,300 shares for 0.01% of their portfolio. Glenmede Tru Na reported 91,460 shares. (NASDAQ:AMD). The Washington-based Cornerstone Advisors Inc has invested 0% in Advanced Micro Devices, Inc. Richard Bernstein Advsr Lc holds 0.02% or 9,307 shares. Geode Cap Management Ltd Llc holds 0% or 564,238 shares. Analyst recommendation for this stock stands at 2.5. (NYSE:ANF) to report earnings on May, 24. Cadence Design Systems's quarterly revenue was up 7.0% compared to the same quarter last year. analysts anticipate that Cadence Design Systems will post 0.85 earnings per share for the current year. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01.

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