For its second fiscal quarter (ending June 30), Cadence Design Systems Inc (NASDAQ: CDNS) has reported a 19% increase in E.P.S. from $0.48 a year ago to $0.57 in the current quarter. However, this performance was $-0.19 short of the consensus estimate of $0.76. E.P.S. were $2.47 for the latest four quarters through June 30 versus $3.71 for the same period a year ago — a decline of -33%.
Recent Price Action
On 7/26/21, Cadence Design Systems Inc (NASDAQ: CDNS) stock declined modestly by -0.5%, closing at $144.97. NORMAL trading volume accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 5.3% during the last week.
Current PriceTarget Research Rating
CDNS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Cadence Design Sys has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cadence Design Sys has a poor Power Rating of 30 and a poor Appreciation Score of 23, resulting in the Lowest Value Trend Rating.
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.