Cadence Design Systems, Inc. (CDNS)

186.55 0.44%
03:43 pm EDT; Powered by IEX
Pros
Revenue growth higher than the industry and sector averages
Company’s profitability is improving
Forward PEG ratio low relative to industry peers
Buy analyst rating
Cons
Stock price high relative to the 52-week range
Forward P/E ratio high relative to industry peers
Forward P/B ratio high relative to industry peers
Forward P/S ratio high relative to industry peers

Pros

  1. CDNS quarterly revenue growth was 22.50%, higher than the industry and sector average revenue growth (11.16% and 11.51%, respectively). See CDNS revenue growth chart.
  2. CDNS profitability is improving. The YoY profit margin change was 5.67 percentage points. See CDNS profitability chart.
  3. CDNS PEG ratio (P/E adjusted for growth) is 2.02, which is low compared to its industry peers’ PEG ratios. See CDNS PEG chart.
  4. CDNS average analyst rating is Buy. See CDNS analyst rating chart.

Cons

  1. CDNS stock price ($185.04) is close to the 52-week high ($186.35). Perhaps now is a good time to sell? See CDNS price chart.
  2. CDNS forward P/E ratio is 52.27, which is high compared to its industry peers’ P/E ratios. See CDNS forward P/E ratio chart.
  3. CDNS Price/Book ratio is 19.60, which is high compared to its industry peers’ P/B ratios. See CDNS forward Price/Book ratio chart.
  4. CDNS Price/Sales ratio is 16.35, which is high compared to its industry peers’ P/S ratios. See CDNS forward Price/Sales ratio chart.