(VIANEWS) – Shares of Cadence Design Systems (NASDAQ: CDNS) rose by a staggering 10.34% to $224.74 at 14:48 EST on Thursday, after four sequential sessions in a row of losses. NASDAQ is jumping 1.79% to $12,708.02, after two successive sessions in a row of losses. This seems, as yet, an all-around bullish trend exchanging session today.
Cadence Design Systems’s last close was $203.67, 7.04% below its 52-week high of $219.09.
About Cadence Design Systems
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and Innovus implementation system, a physical implementation system. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
Earnings Per Share
As for profitability, Cadence Design Systems has a trailing twelve months EPS of $3.05.
PE Ratio
Cadence Design Systems has a trailing twelve months price to earnings ratio of 73.68. Meaning, the purchaser of the share is investing $73.68 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 30.01%.
Sales Growth
Cadence Design Systems’s sales growth is 13.9% for the ongoing quarter and 12.4% for the next.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 9.3% and 18.9%, respectively.
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