Cadence Design Systems Inc. ($CDNS) Stock Forecast: Down 10.4% Today

What is Cadence Design Systems Inc.?

Cadence Design Systems provides software, hardware, and semiconductor services for designing integrated circuits and electronic devices. Today, the stock experienced significant downward movement.

Why is Cadence Design Systems Inc. going down?

CDNS stock is down 10.4% on Feb 19, 2025 17:36

• Despite surpassing expectations for Q4 earnings, with revenues and non-GAAP EPS exceeding forecasts, the stock dropped due to disappointing Q1 revenue guidance.
• Customer demand was strong in the fourth quarter, benefiting the company amidst volatile global macroeconomic conditions. However, the bearish market movement was triggered by the soft guidance for the upcoming quarter.
• Analysts foresee long-term potential for Cadence Design Systems, as the company is well-positioned to capitalize on AI technologies, despite the short-term market response to the guidance.

CDNS Price Chart

CDNS Technical Analysis

CDNS News

Cadence Design Stock Drops Despite Strong Q4, Analysts See Upside - Cadence Design Sys ( NASDAQ:CDNS )

Cadence Design Systems reported Q2 revenues and non-GAAP EPS at $1.356B and $1.88, beating expectations. The company's Q1 revenue guidance disappointed but may be revised as the year progresses. Get two weeks of free access to pro-level trading tools, including news alerts, scanners, and ...

https://www.benzinga.com/news/earnings/earnings-beats/25/02/43817069/cadence-design-stock-drops-despite-strong-q4-analysts-see-upside

Cadence Design Systems Q4 Earnings: Revenue Beat, EPS Beat, 'Very Well Positioned' To Benefit From AI, Shares Slide On Soft Guidance - Cadence Design Sys ( NASDAQ:CDNS )

Cadence Design Systems beats analyst estimates on the top and bottom lines in the fourth quarter. Cadence expects full-year 2025 revenue to be in the range of $5.14 billion to $5.22 billion versus estimates of $5.25 billion.

https://www.benzinga.com/25/02/43799268/cadence-design-systems-q4-earnings-revenue-beat-eps-beat-very-well-positioned-to-benefit-from-ai-shares-slide-on-

Cadence Set to Release Q4 Earnings: Here's What Investors Should Know

CDNS' fourth-quarter performance is likely to have benefited from higher customer demand amid volatile global macroeconomic conditions.

https://www.zacks.com/stock/news/2417197/cadence-set-to-release-q4-earnings-heres-what-investors-should-know

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Cadence Design Systems Inc. Price History

15.10.2024 - CDNS Stock was down 5.3%

• Despite recent gains, CDNS experienced a bearish movement today, possibly due to profit-taking after a strong rally.
• External risks may have played a role in investor caution, leading to the downward movement in the stock.
• Investors might be reevaluating the sustainability of CDNS's rally in the face of these external risks, contributing to the bearish sentiment in the market today.

19.01.2025 - CDNS Stock was down 10.4%

• Despite surpassing expectations for Q4 earnings, with revenues and non-GAAP EPS exceeding forecasts, the stock dropped due to disappointing Q1 revenue guidance.
• Customer demand was strong in the fourth quarter, benefiting the company amidst volatile global macroeconomic conditions. However, the bearish market movement was triggered by the soft guidance for the upcoming quarter.
• Analysts foresee long-term potential for Cadence Design Systems, as the company is well-positioned to capitalize on AI technologies, despite the short-term market response to the guidance.

19.01.2025 - CDNS Stock was down 7.9%

• Despite exceeding analyst expectations for revenue and earnings per share in the fourth quarter, CDNS shares declined due to lower-than-expected revenue guidance for full-year 2025.
• The market responded negatively to the company's 2025 revenue forecast between $5.14 billion and $5.22 billion, which fell short of the anticipated $5.25 billion.
• The cautious outlook for future revenue may have overshadowed the strong fourth-quarter performance, leading to a bearish trend in CDNS stock.
• While the company's favorable position in leveraging artificial intelligence (AI) technology was emphasized, investors appeared more concerned about the future revenue predictions, contributing to the stock's decline.

22.00.2025 - CDNS Stock was up 5.0%

• The surge in CDNS stock value may be linked to favorable company-specific developments enhancing investor confidence in its prospective performance.
• Following a decline in Oracle (ORCL) stock, investors might have redistributed their funds towards other tech firms like Cadence Design Systems (CDNS), consequently boosting its share price.
• The positive overall sentiment surrounding the technology industry could have also played a role in the rise of CDNS stock, with investors expressing optimism regarding the sector's growth prospects.

27.00.2025 - CDNS Stock was down 5.0%

• Despite recent outperformance in the broader market, CDNS experienced a significant bearish movement today, suggesting a change in investor sentiment.
• The strong performance of Oracle (ORCL) with a 7.2% increase possibly diverted attention from CDNS, prompting a sell-off in CDNS shares.
• The absence of clear signs of further strength in Oracle's stock, as per earnings estimate revisions, might have prompted investors to adjust their portfolios, contributing to the bearish movement in CDNS.
• Overall, the contrasting performance of Oracle and the broader market likely played a role in influencing the bearish movement in CDNS today.

29.09.2024 - CDNS Stock was up 12.3%

• CDNS reported better-than-expected third-quarter earnings, surpassing analyst consensus estimates, which has boosted investor confidence and led to a rise in the stock price.
• The company's robust performance in the third quarter, exceeding revenue expectations and holding a backlog of $5.6 billion, indicates strong demand trends and growing design activity, further enhancing investor optimism.
• The positive market movement can be linked to CDNS' success in meeting heightened customer demand and leveraging strong business segment performance, contrasting with upbeat earnings reports from competitors like ON Semiconductor and Teradyne.
• Investors appear optimistic about CDNS ahead of its Q3 earnings release, expecting ongoing growth and potential buying opportunities considering the company's favorable outlook and market position.

12.08.2024 - CDNS Stock was up 5.2%

• CDNS experienced a strong bullish movement despite a minor drop in the latest trading session.
• Some investors engaged in profit-taking, possibly causing the dip in CDNS stock price following substantial gains.
• The optimistic market sentiment towards CDNS, reflected in the bullish trend, could be driven by robust financial performance or positive industry developments.
• Increasing buying activity and a rising stock price may be indicators of investors' positive outlook on CDNS's future prospects.

16.09.2024 - CDNS Stock was down 5.4%

• Despite recent inorganic expansion efforts, CDNS experienced a bearish movement in the market today.
• CDNS stock price showed a slight increase while the overall market was declining, suggesting a level of resilience to broader market changes.
• The bearish movement may stem from profit-taking by investors following a period of growth or a shift in sentiment towards the technology industry.
• Despite its strong business development, external market conditions likely played a role in the downward trend in CDNS stock price.

04.11.2024 - CDNS Stock was up 5.0%

• CDNS's recent collaboration with AST SpaceMobile (ASTS) to enhance space-based cellular broadband network capabilities has likely spurred investor enthusiasm.
• The utilization of Cadence's advanced tools and IP portfolio for ASTS's AST5000 ASIC chip could potentially boost CDNS's revenue in the future.
• The market's optimistic response to this partnership announcement reflects faith in CDNS's technological proficiency and its strategic position in the evolving space communication sector.

29.09.2024 - CDNS Stock was up 7.4%

• CDNS stock exhibited significant bullish activity today, possibly influenced by expectations of favorable Q3 earnings.
• Market reactions seem to be driven by anticipated higher customer demand and escalated design activities, as previously highlighted in reports on CDNS prior to the earnings announcement.
• The upward trend in CDNS stock value may also be attributed to the overall positive outlook in the technology industry, supported by the strong performance and heightened demand for products by ON Semiconductor and Teradyne during the third quarter.
• Investors appear optimistic about CDNS' outlook in light of the favorable market conditions and the company's potential to leverage the increasing need for electronic design solutions.

06.07.2024 - CDNS Stock was up 5.1%

• Despite fears of the AI trade running too far too fast, Cadence Design Systems saw a strong bullish movement today.
• An upgrade of Cadence Design stock, pointing to a recovery after a recent decline, likely contributed to the positive market sentiment.
• The company's impressive performance over the past 5 years, outperforming the market significantly, may have also boosted investor confidence.
• Overall, the combination of positive news, upgrades, and strong historical performance likely fueled the bullish movement in CDNS stock today.

02.07.2024 - CDNS Stock was down 5.1%

• The Chief of Defence Staff warning of potential military intervention in nationwide protests likely led to increased market uncertainty and a negative sentiment towards riskier assets like stocks.
• The ongoing protests and potential escalation could have raised concerns among investors about potential disruptions to business operations and supply chains, impacting CDNS negatively.
• The negative market sentiment towards CDNS could also be influenced by broader industry trends, as indicated by the recent underperformance of the Zacks Computer-Software industry.
• Investors may be cautious about the stock's future direction, especially with the focus on evaluating earnings projections and fundamental factors in decision-making, as highlighted by Zacks' analysis.