Cadence Design Systems (CDNS) Stock Forecast, Price Target & Predictions
CDNS Stock Forecast
Cadence Design Systems stock forecast is as follows: an average price target of $270.07 (represents a -6.66% downside from CDNS’s last price of $289.34) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.
CDNS Price Target
The average price target for Cadence Design Systems (CDNS) is $270.07 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $355.00 to $165.00. This represents a potential -6.66% downside from CDNS's last price of $289.34.
CDNS Analyst Ratings
According to 15 Wall Street analysts, Cadence Design Systems's rating consensus is 'Buy'. The analyst rating breakdown for CDNS stock is 0 'Strong Buy' (0.00%), 14 'Buy' (93.33%), 1 'Hold' (6.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Cadence Design Systems Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 29, 2024 | Vivek Arya | Bank of America Securities | $310.00 | $280.18 | 10.65% | 7.14% |
| Oct 29, 2024 | Charles Shi | Needham | $315.00 | $252.77 | 24.62% | 8.87% |
| Oct 29, 2024 | Jon Vruwink | Robert W. Baird | $340.00 | $278.19 | 22.22% | 17.51% |
| Oct 29, 2024 | Ruben Roy | Stifel Nicolaus | $350.00 | $252.77 | 38.47% | 20.96% |
| Oct 21, 2024 | Siti Panigrahi | Mizuho Securities | $325.00 | $253.15 | 28.38% | 12.32% |
| Sep 24, 2024 | Edward Yang | Oppenheimer | $225.00 | $273.32 | -17.68% | -22.24% |
| Jul 23, 2024 | Joe Vruwink | Robert W. Baird | $338.00 | $287.08 | 17.74% | 16.82% |
| Jul 02, 2024 | Jon Vruwink | Robert W. Baird | $341.00 | $310.92 | 9.67% | 17.85% |
| Jun 27, 2024 | Jason Celino | KeyBanc | $355.00 | $310.17 | 14.45% | 22.69% |
| Jun 06, 2024 | Jason Celino | KeyBanc | $350.00 | $297.31 | 17.72% | 20.96% |
The latest Cadence Design Systems stock forecast, released on Oct 29, 2024 by Vivek Arya from Bank of America Securities, set a price target of $310.00, which represents a 10.65% increase from the stock price at the time of the forecast ($280.18), and a 7.14% increase from CDNS last price ($289.34).
Cadence Design Systems Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 5 | 6 | 15 |
| Avg Price Target | $328.00 | $310.83 | $327.53 |
| Last Closing Price | $289.34 | $289.34 | $289.34 |
| Upside/Downside | 13.36% | 7.43% | 13.20% |
In the current month, the average price target of Cadence Design Systems stock is $328.00, according to 5 Wall Street analysts offering twelve months forecast. The average price target represents a 13.36% increase as opposed to Cadence Design Systems's last price of $289.34. This month's average price target is up 5.52% compared to last quarter, and up 0.14% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 29, 2024 | Needham | Buy | Buy | Hold |
| Oct 29, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Oct 15, 2024 | Rosenblatt Securities | Underperform | Underperform | Hold |
| Oct 15, 2024 | William Blair | Buy | Buy | Hold |
| Sep 25, 2024 | Sandler O'Neill | Buy | Buy | Hold |
| Sep 24, 2024 | Oppenheimer | - | Underperform | Initialise |
| Aug 06, 2024 | Piper Sandler | Buy | Overweight | Upgrade |
| Jul 23, 2024 | Needham | Underperform | Underperform | Hold |
| Jul 23, 2024 | Piper Sandler | Buy | Buy | Hold |
| Jun 27, 2024 | Sandler O'Neill | Underperform | Underperform | Hold |
Cadence Design Systems's last stock rating was published by Needham on Oct 29, 2024. The company gave CDNS a "Buy" rating, the same as its previous rate.
Cadence Design Systems Financial Forecast
Cadence Design Systems Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $976.58M | $1.02B | $899.88M | $902.55M | $857.52M | $901.77M | $759.91M | $750.89M | $728.28M | $736.03M | - | $666.61M | $638.42M | $617.96M | $599.55M | $579.60M |
| Avg Forecast | $1.59B | $1.46B | $1.39B | $1.34B | $1.37B | $1.33B | $1.28B | $1.26B | $1.35B | $1.18B | $1.04B | $1.00B | $1.06B | $1.00B | $975.99M | $1.01B | $884.84M | $871.20M | $834.93M | $857.32M | $757.19M | $740.61M | $720.19M | $717.79M | $732.27M | $642.14M | $591.10M | $614.46M | $595.76M | $576.10M |
| High Forecast | $1.65B | $1.52B | $1.45B | $1.39B | $1.43B | $1.38B | $1.33B | $1.34B | $1.37B | $1.18B | $1.04B | $1.00B | $1.08B | $1.01B | $1.01B | $1.05B | $919.27M | $871.20M | $834.93M | $857.32M | $757.19M | $740.61M | $720.19M | $717.79M | $732.27M | $642.14M | $591.10M | $614.46M | $595.76M | $576.10M |
| Low Forecast | $1.56B | $1.43B | $1.37B | $1.32B | $1.35B | $1.30B | $1.25B | $1.21B | $1.34B | $1.18B | $1.04B | $1.00B | $1.05B | $999.78M | $957.63M | $992.07M | $868.19M | $871.20M | $834.93M | $857.32M | $757.19M | $740.61M | $720.19M | $717.79M | $732.27M | $642.14M | $591.10M | $614.46M | $595.76M | $576.10M |
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 9 | 10 | 9 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 6 | 4 | 4 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.02% | 1.04% | 1.03% | 1.05% | 1.00% | 1.01% | 1.01% | 1.03% | - | 1.04% | 1.08% | 1.01% | 1.01% | 1.01% |
Cadence Design Systems's average Quarter revenue forecast for Sep 23 based on 10 analysts is $1.00B, with a low forecast of $999.78M, and a high forecast of $1.01B. CDNS's average Quarter revenue forecast represents a 2.56% increase compared to the company's last Quarter revenue of $976.58M (Jun 23).
Cadence Design Systems EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 9 | 10 | 9 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 6 | 4 | 4 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $299.33M | $363.75M | $224.55M | $285.61M | $281.57M | $349.79M | $232.12M | $227.62M | $222.81M | $240.72M | - | $208.72M | $193.96M | $168.84M | $137.31M | $152.93M |
| Avg Forecast | $497.22M | $456.57M | $434.91M | $419.05M | $429.54M | $414.21M | $399.47M | $392.36M | $420.45M | $369.16M | $325.83M | $229.73M | $331.64M | $313.00M | $305.02M | $208.84M | $227.92M | $272.27M | $260.94M | $189.86M | $207.20M | $231.46M | $225.08M | $224.33M | $228.85M | $200.68M | $184.73M | $150.08M | $186.19M | $180.05M |
| High Forecast | $516.57M | $474.33M | $451.84M | $435.36M | $446.26M | $430.32M | $415.02M | $418.09M | $426.68M | $369.24M | $325.83M | $275.67M | $337.84M | $315.36M | $316.89M | $250.61M | $273.51M | $272.27M | $260.94M | $227.83M | $248.64M | $231.46M | $225.08M | $224.33M | $228.85M | $200.68M | $184.73M | $180.10M | $186.19M | $180.05M |
| Low Forecast | $487.87M | $447.97M | $426.73M | $411.17M | $421.46M | $406.41M | $391.95M | $379.49M | $417.33M | $369.08M | $325.83M | $183.78M | $328.54M | $312.46M | $299.28M | $167.07M | $182.34M | $272.27M | $260.94M | $151.88M | $165.76M | $231.46M | $225.08M | $224.33M | $228.85M | $200.68M | $184.73M | $120.07M | $186.19M | $180.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.74% | 0.99% | 1.05% | 1.08% | 1.84% | 1.12% | 0.98% | 0.99% | 1.07% | - | 1.04% | 1.05% | 1.13% | 0.74% | 0.85% |
10 analysts predict CDNS's average Quarter EBITDA for Sep 23 to be $313.00M, with a high of $315.36M and a low of $312.46M. This is 4.57% upper than Cadence Design Systems's previous annual EBITDA (Jun 23) of $299.33M.
Cadence Design Systems Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 9 | 10 | 9 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 6 | 4 | 4 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $221.12M | $241.80M | $240.39M | $186.31M | $186.92M | $235.34M | $173.74M | $176.31M | $155.90M | $187.17M | - | $161.63M | $131.29M | $123.99M | $659.67M | $101.51M |
| Avg Forecast | $615.48M | $535.71M | $477.05M | $444.04M | $507.50M | $472.42M | $443.64M | $432.40M | $497.38M | $394.55M | $335.80M | $168.70M | $365.36M | $329.24M | $323.85M | $153.36M | $178.90M | $263.86M | $263.82M | $139.42M | $162.64M | $204.60M | $207.65M | $204.93M | $203.52M | $165.61M | $143.12M | $110.21M | $145.58M | $139.22M |
| High Forecast | $646.61M | $562.81M | $501.18M | $466.51M | $533.17M | $496.32M | $466.08M | $468.43M | $532.52M | $408.43M | $351.62M | $202.43M | $376.27M | $334.72M | $325.08M | $184.03M | $214.68M | $263.86M | $263.82M | $167.30M | $195.17M | $204.60M | $207.65M | $204.93M | $203.52M | $165.61M | $143.12M | $132.25M | $145.58M | $139.22M |
| Low Forecast | $600.42M | $522.60M | $465.38M | $433.18M | $495.08M | $460.86M | $432.79M | $388.05M | $486.56M | $380.68M | $319.99M | $134.96M | $362.64M | $323.75M | $322.63M | $122.69M | $143.12M | $263.86M | $263.82M | $111.53M | $130.11M | $204.60M | $207.65M | $204.93M | $203.52M | $165.61M | $143.12M | $88.17M | $145.58M | $139.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.68% | 1.58% | 1.34% | 0.71% | 0.71% | 1.69% | 1.07% | 0.86% | 0.75% | 0.91% | - | 0.98% | 0.92% | 1.13% | 4.53% | 0.73% |
Cadence Design Systems's average Quarter net income forecast for Sep 23 is $329.24M, with a range of $323.75M to $334.72M. CDNS's average Quarter net income forecast represents a 48.89% increase compared to the company's last Quarter net income of $221.12M (Jun 23).
Cadence Design Systems SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 9 | 10 | 9 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 6 | 4 | 4 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $221.68M | $220.19M | $239.88M | $226.61M | $190.72M | $189.12M | $195.77M | $186.39M | $176.30M | $172.78M | - | $159.67M | $156.12M | $159.34M | $169.36M | $154.57M |
| Avg Forecast | $391.23M | $359.24M | $342.21M | $329.73M | $337.98M | $325.91M | $314.32M | $308.72M | $330.82M | $290.47M | $256.38M | $216.79M | $260.95M | $246.28M | $240.00M | $197.08M | $216.62M | $214.23M | $205.31M | $179.16M | $196.93M | $182.12M | $177.10M | $176.51M | $180.07M | $157.91M | $145.36M | $141.63M | $146.50M | $141.67M |
| High Forecast | $406.46M | $373.22M | $355.52M | $342.56M | $351.13M | $338.59M | $326.55M | $328.97M | $335.72M | $290.53M | $256.38M | $260.15M | $265.82M | $248.14M | $249.34M | $236.50M | $259.95M | $214.23M | $205.31M | $215.00M | $236.32M | $182.12M | $177.10M | $176.51M | $180.07M | $157.91M | $145.36M | $169.96M | $146.50M | $141.67M |
| Low Forecast | $383.87M | $352.48M | $335.77M | $323.52M | $331.62M | $319.78M | $308.40M | $298.60M | $328.37M | $290.40M | $256.38M | $173.43M | $258.51M | $245.85M | $235.49M | $157.66M | $173.30M | $214.23M | $205.31M | $143.33M | $157.54M | $182.12M | $177.10M | $176.51M | $180.07M | $157.91M | $145.36M | $113.31M | $146.50M | $141.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.12% | 1.11% | 1.06% | 0.93% | 1.06% | 0.99% | 1.02% | 1.00% | 0.98% | - | 1.01% | 1.07% | 1.13% | 1.16% | 1.09% |
Cadence Design Systems's average Quarter SG&A projection for Sep 23 is $246.28M, based on 10 Wall Street analysts, with a range of $245.85M to $248.14M. The forecast indicates a 11.10% rise compared to CDNS last annual SG&A of $221.68M (Jun 23).
Cadence Design Systems EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 9 | 10 | 9 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 6 | 4 | 4 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.82 | $0.90 | $0.89 | $0.69 | $0.69 | $0.86 | $0.63 | $0.65 | $0.57 | $0.68 | - | $0.59 | $0.48 | $0.45 | $2.41 | $0.37 |
| Avg Forecast | $2.25 | $1.96 | $1.74 | $1.62 | $1.85 | $1.73 | $1.62 | $1.58 | $1.82 | $1.44 | $1.23 | $1.13 | $1.33 | $1.20 | $1.18 | $1.26 | $0.92 | $0.96 | $0.96 | $1.02 | $0.78 | $0.75 | $0.76 | $0.75 | $0.74 | $0.61 | $0.52 | $0.54 | $0.53 | $0.51 |
| High Forecast | $2.36 | $2.06 | $1.83 | $1.70 | $1.95 | $1.81 | $1.70 | $1.71 | $1.95 | $1.49 | $1.28 | $1.13 | $1.37 | $1.22 | $1.19 | $1.32 | $0.97 | $0.96 | $0.96 | $1.02 | $0.78 | $0.75 | $0.76 | $0.75 | $0.74 | $0.61 | $0.52 | $0.54 | $0.53 | $0.51 |
| Low Forecast | $2.19 | $1.91 | $1.70 | $1.58 | $1.81 | $1.68 | $1.58 | $1.42 | $1.78 | $1.39 | $1.17 | $1.13 | $1.33 | $1.18 | $1.18 | $1.23 | $0.90 | $0.96 | $0.96 | $1.02 | $0.78 | $0.75 | $0.76 | $0.75 | $0.74 | $0.61 | $0.52 | $0.54 | $0.53 | $0.51 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.72% | 0.97% | 0.72% | 0.72% | 0.85% | 0.81% | 0.87% | 0.75% | 0.91% | - | 0.97% | 0.92% | 0.83% | 4.53% | 0.73% |
According to 10 Wall Street analysts, Cadence Design Systems's projected average Quarter EPS for Sep 23 is $1.20, with a low estimate of $1.18 and a high estimate of $1.22. This represents a 46.71% increase compared to CDNS previous annual EPS of $0.82 (Jun 23).
Cadence Design Systems Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| U | Unity Software | $20.31 | $64.63 | 218.22% | Hold |
| SNOW | Snowflake | $113.74 | $206.46 | 81.52% | Buy |
| PAYC | Paycom Software | $211.46 | $339.88 | 60.73% | Hold |
| ZM | Zoom Video Communications | $75.54 | $111.94 | 48.19% | Hold |
| INTU | Intuit | $619.01 | $715.09 | 15.52% | Buy |
| WDAY | Workday | $241.14 | $270.91 | 12.35% | Buy |
| DDOG | Datadog | $125.56 | $140.24 | 11.69% | Buy |
| TEAM | Atlassian | $218.96 | $233.53 | 6.65% | Buy |
| ADSK | Autodesk | $287.62 | $289.28 | 0.58% | Buy |
| CDNS | Cadence Design Systems | $289.34 | $270.07 | -6.66% | Buy |
| TTD | Trade Desk | $118.27 | $109.70 | -7.25% | Buy |
| CRM | Salesforce | $298.01 | $272.40 | -8.59% | Buy |
| NOW | ServiceNow | $954.59 | $831.13 | -12.93% | Buy |
CDNS Forecast FAQ
Is Cadence Design Systems a good buy?
Yes, according to 15 Wall Street analysts, Cadence Design Systems (CDNS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 93.33% of CDNS's total ratings.
What is CDNS's price target?
Cadence Design Systems (CDNS) average price target is $270.07 with a range of $165 to $355, implying a -6.66% from its last price of $289.34. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Cadence Design Systems stock go up soon?
According to Wall Street analysts' prediction for CDNS stock, the company can go down by -6.66% (from the last price of $289.34 to the average price target of $270.07), up by 22.69% based on the highest stock price target, and down by -42.97% based on the lowest stock price target.
Can Cadence Design Systems stock reach $400?
CDNS's average twelve months analyst stock price target of $270.07 does not support the claim that Cadence Design Systems can reach $400 in the near future.
What is Cadence Design Systems's current price target trend?
5 Wall Street analysts forecast a $328 price target for Cadence Design Systems (CDNS) this month, up 13.36% from its last price of $289.34. Compared to the last 3 and 12 months, the average price target increased by 7.43% and increased by 13.20%, respectively.
What are Cadence Design Systems's analysts' financial forecasts?
Cadence Design Systems's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.23B (high $5.47B, low $5.12B), average EBITDA is $1.64B (high $1.71B, low $1.6B), average net income is $1.86B (high $1.96B, low $1.78B), average SG&A $1.29B (high $1.35B, low $1.26B), and average EPS is $6.78 (high $7.18, low $6.49). CDNS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.78B (high $6.01B, low $5.68B), average EBITDA is $1.81B (high $1.88B, low $1.77B), average net income is $2.07B (high $2.18B, low $2.02B), average SG&A $1.42B (high $1.48B, low $1.4B), and average EPS is $7.57 (high $7.95, low $7.39).
Did the CDNS's actual financial results beat the analysts' financial forecasts?
Based on Cadence Design Systems's last annual report (Dec 2022), the company's revenue was $3.56B, beating the average analysts forecast of $3.45B by 3.29%. Apple's EBITDA was $1.2B, beating the average prediction of $950.99M by 26.58%. The company's net income was $848.95M, beating the average estimation of $846M by 0.35%. Apple's SG&A was $846.34M, beating the average forecast of $815.34M by 3.80%. Lastly, the company's EPS was $3.13, missing the average prediction of $3.86 by -19.01%. In terms of the last quarterly report (Jun 2023), Cadence Design Systems's revenue was $976.58M, beating the average analysts' forecast of $975.99M by 0.06%. The company's EBITDA was $299.33M, missing the average prediction of $305.02M by -1.87%. Cadence Design Systems's net income was $221.12M, missing the average estimation of $323.85M by -31.72%. The company's SG&A was $221.68M, missing the average forecast of $240M by -7.64%. Lastly, the company's EPS was $0.82, missing the average prediction of $1.18 by -30.70%