CDNS
Cadence Design Systems Inc Information Technology Services-Prepackaged Software S&P 500Nasdaq-100Russell 3000
$327.89Close
$89.1BMarket cap
$265.66 – $416.3952-week range
Late-januaryNext report · estimated
Highlights
Cautions
- Not in an uptrend 4 of 8 trend conditions
- Lagging the market RS 42 · weaker than 58% of stocks over 12 months
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
21%
1wk
up 3.6%
price change
1mo
down 0.7%
price change
12-month return
down 2%
market up 11% ·
its own down 15%
F-score
—
— Not assessed
Altman Z″
6.46
Low risk
P/E
80.4×
price / earnings
PEG
15.28
P/E / EPS growth
P/B
16.3×
price / book
Earnings yield
up 1.7%
EBIT / enterprise value
Cheaper than
26%
of the market · expensive
Revenue growth
up 14%
year on year
EPS growth
0%
latest quarter · -126 pts
Sales growth
up 22%
latest quarter · -2 pts
ROE
up 22%
return on equity
Free cash margin
up 30%
$1.6B FCF
D/E
0.45
long-term debt / equity
Net debt / EBITDA
-0.3×
net cash
Interest cover
12.8×EBIT / interest
Trade setup
ATR%
4.1%
$13.43 a day · 2×ATR $301.02
RS
42 / 99
vs the universe
Trend
4 / 8
trend template
Relative volume
0.8×
vs 50-day average
Up/down volume
1.37
50 sessions
Implied move
—
no scheduled report
Trend template · 4 of 8
- Price above the 150 and 200-day averages: fails
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: fails
- Price above the 50-day average: passes
- At least 30% above the 52-week low: fails
- Within 25% of the 52-week high: passes
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- No restatement or impairment
- Equity positive
- Interest covered
- No material dilution
- Profits tracking cash
- Margins and revenue not shrinking
Last reported
Oct 26, 2026
Results reaction
Oct 26, 2026+7% vs market2 sessions after results
Options
$5.9M47.5% IV · activity
Financials
- Net 21%
- Free cash 30%
- Cash
- Long-term debt
| FY2020Jan 2, 2021 | FY2021Jan 1, 2022 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.7B | $3.0B | $3.6B | $4.1B | $4.6B | $5.3B |
| Operating income | $645.6M | $779.1M | $1.1B | $1.3B | $1.4B | $1.5B |
| Net income | $590.6M | $696.0M | $849.0M | $1.0B | $1.1B | $1.1B |
| Net margin | 22% | 23% | 24% | 25% | 23% | 21% |
| Earnings per share | $2.11 | $2.50 | $3.09 | $3.82 | $3.85 | $4.06 |
| Free cash flow | $810.1M | $1.0B | $1.1B | $1.2B | $1.1B | $1.6B |
| Free cash margin | 30% | 35% | 31% | 30% | 24% | 30% |
| Cash | $928.4M | $1.1B | $882.3M | $1.0B | $2.6B | $3.0B |
| Long-term debt | — | — | — | — | — | $2.5B |
| Shareholders' equity | $2.5B | $2.7B | $2.7B | $3.4B | $4.7B | $5.5B |
| Shares outstanding | 278.94m | 276.80m | 272.68m | 271.71m | 273.85m | 271.80m |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $294 – $363 ±10.4% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Bigger 47.5% priced · 42.8% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $5.9M calls $3.4M · puts $2.5M · latest session
- 0.72× -0.04 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +8.09k · puts +20.70k past week
For options traders: ATM IV 47.5% (-2.3% 1w) · 1m ÷ 3m IV 1.06 · 25Δ skew 5.3 pts · Net GEX -$4.1M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 28, 2026 | Quarterly ↗ | Sep 30, 2026 | 28d |
| Jul 29, 2026 | Quarterly ↗ | Jun 30, 2026 | 29d |
| May 1, 2026 | Quarterly ↗ | Mar 31, 2026 | 31d |
| Feb 19, 2026 | Annual ↗ | Dec 31, 2025 | 50d |
| Oct 29, 2025 | Quarterly ↗ | Sep 30, 2025 | 29d |
| Jul 30, 2025 | Quarterly ↗ | Jun 30, 2025 | 30d |
| Apr 30, 2025 | Quarterly ↗ | Mar 31, 2025 | 30d |
| Feb 21, 2025 | Annual ↗ | Dec 31, 2024 | 52d |
| Oct 30, 2024 | Quarterly ↗ | Sep 30, 2024 | 30d |
| Jul 24, 2024 | Quarterly ↗ | Jun 30, 2024 | 24d |
| Apr 24, 2024 | Quarterly ↗ | Mar 31, 2024 | 24d |
| Feb 14, 2024 | Annual ↗ | Dec 31, 2023 | 45d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 26, 2026 | Results · Other events ↗ |
| Jul 27, 2026 | Results ↗ |
| May 12, 2026 | Director or officer change · Shareholder vote ↗ |
| Apr 27, 2026 | Results ↗ |
| Feb 23, 2026 | Unregistered share sale ↗ |
| Feb 17, 2026 | Results ↗ |
| Nov 17, 2025 | Director or officer change ↗ |
| Oct 27, 2025 | Results ↗ |
| Sep 4, 2025 | Material agreement · Unregistered share sale ↗ |
| Jul 28, 2025 | Material agreement ↗ |
| Jul 28, 2025 | Results ↗ |
| Jul 3, 2025 | Other events ↗ |