Cadence Design Systems, Inc. (CDNS) – Empowering innovation through EDA expertise

Cadence Design Systems, Inc. (CDNS) (Q2FY23)

Stock Performance: Cadence’s stock price increased by 40.54% in the past 1-year. It has a 52-week high of $248.16 and a 52-week low is $138.76. The stock price showed a sideways trend in the past 3-month period and gave 0.2% returns.

Quarter Performance: For Q2FY23, Revenue was $976.6bn, an increase of 14% Y/Y, due to increased revenue from software, IP, and other arrangements where revenue is recognized over time and growth in revenue from emulation and prototyping hardware and IP where revenue is recognized up-front.

Q3FY23 & FY23 Guidance: The company expects total revenue in the range of $2.05bn to $2.09mn in Q3FY23. GAAP operating margin is expected to be in the range of 30% to 31% and GAAP net income per diluted share is expected to be in the range of $1.65 to $1.71. And non-GAAP, operating margin is expected to be in the range of 41% to 42%, and net income per diluted share is expected to be in the range of $2.54 to $2.60.

Highlights

Cadence is gaining momentum from the thriving semiconductor industry, as its products and services are in high demand. Overall, the Q2FY23 results of Cadence have been impressive, with a consistent increase in all segments.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis.
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10-Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 36

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