NASDAQ: CDNS

Cadence Design Systems (CDNS) Stock Analysis & Forecast

Nov 4 close

$329.52+5.77 (+1.8%)

Gekko Brief

AI summaryNov 4 close

Cadence's third-quarter results and raised outlook dominate the week's coverage, with all key metrics exceeding guidance, record backlog of $8.2 billion, and a lift in full-year revenue growth outlook to 21% and EPS outlook by $0.30 to $8.40. The launch of Maestro, a portfolio of domain-specialized AI models, and continued traction of AI super agents with 100+ active customers also feature prominently, alongside commentary on whether this AI-driven demand can offset margin pressure and a rich valuation. Several pieces note the stock dropping below its 200-day moving average intraday before closing higher, and coverage remains split between growth-stock enthusiasm and concerns about underperformance versus competitors.

CDNS closed at $329.52, up 1.8%, sitting between its 50-day average of $320.85 and 200-day average of $327.73. The GekkoIndex reads 59.4, placing the stock in the Neutral zone. Price stands 12.1% above Gekko Fair Value of $293.91, a gap that bears watching. One-month return is -8.4%, three-month -2.6%, and six-month -7.2%, with the stock 22.30% below its 52-week high.

The next earnings date is 16 February 2027, 103 days away, outside a typical 20-day holding window. Over the last 90 days, Congress recorded 1 buy and 0 sells, while the last 30 days show 1 unusual options signal, with call premium of $6,323,000 against put premium of $4,071,185. Seasonality from this point in the calendar has averaged a 6.1% return over the next 20 trading days across 5 years, rising in 4 of them. Analyst consensus from 13 firms is unanimously Buy-rated, with a consensus target of $411.76.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

Cadence Design Systems price vs fair value

$329.52$293.91Nov ’25May ’26Nov ’26
Close $329.52200-day averageGekko Fair Value $293.91

Cadence Design Systems quick facts

Market cap
$90.41B
P/E ratio
65.1
Forward P/E
34
EPS, TTM
$5.06
Revenue, TTM
$6.13B
Profit margin
22.5%
Dividend yield
—
Beta
1.10
Volume
2.07M avg 2.39M
1-year return
−1.8%
Typical daily move
±4.4%
Typical 20-day move
±6.1%
50-day average
$320.85
200-day average
$327.73
Next earnings
Feb 16 after close
Shares outstanding
274.4M
52-week range
$262.75$416.69

Cadence Design Systems swing-trade checklist

Cadence Design Systems scores 3 supportive, 2 mixed and 1 headwind across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive2 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $329.52 sits between the 50-day ($320.85) and 200-day ($327.73) averages, or the averages disagree.

    See the chart
  • GekkoIndexmixed

    59.4, Neutral

    Reading 59.4 is in the Neutral zone.

    See the GekkoIndex
  • Fair valueheadwind

    12.1% above

    Price is 12.1% above Gekko Fair Value (more than 5% above).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 90 days: Congress 1 buy / 0 sales. Last 30 days: 1 unusual options signal.

    See smart money
  • Earnings risksupportive

    Reports in 103 days

    Next report Feb 16, 2027, 103 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +6.1% on average

    From this point in the calendar, the next 20 trading days averaged +6.1% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Cadence Design Systems stock chart and price history

Cadence Design Systems closed at $329.52 on Nov 4, 2026, −1.8% over the past year, inside a 52-week range of $262.75 to $416.69.

Close50-day average200-day averageVolume
Cadence Design Systems share price, past year, with 50-day and 200-day moving averages and volume$300$350$400DecJan 2026FebMarAprMayJunJulAugSepOct329.52

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−8.4%
3 months
−2.6%
6 months
−7.2%
1 year
−1.8%
The full CDNS chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open CDNS in Gekko

Follow Cadence Design Systems through every session

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About Cadence Design Systems

Cadence Design Systems supplies the software, hardware and pre-built circuit components that engineers rely on to design and verify computer chips. It is recognized for its verification tools, which pair simulation software with dedicated emulation and prototyping machines, offered under names such as JasperGold, Xcelium, Palladium and Protium. The company also makes tools for laying out digital chip designs, checking their power use, testing their structure, and preparing finished layouts for manufacture.

Its product line extends to tools for building analog, mixed-signal and radio-frequency circuits at a detailed transistor level, as well as software for designing circuit boards and chip packaging and studying how electrical and thermal effects interact within them. Cadence sells reusable, pre-verified circuit designs and simulation models that help customers test how different chip interfaces behave together, and it backs its products with consulting, training, hosted design tools and ongoing support. Its customers work in fields including 5G networking, aerospace and defense, automotive, industrial and medical equipment, mobile devices, consumer electronics and large-scale computing.

Cadence Design Systems was founded in 1987 and is based in San Jose, California, with its shares listed on the NASDAQ under the ticker CDNS.

Listed
NASDAQ
Sector
Technology services
Industry
Packaged software
Website
cadence.com

Cadence Design Systems GekkoIndex: the smart money zone

Cadence Design Systems’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 59.4, in the Neutral zone, up 6.1 points over five sessions.

010059.4Neutral

Up 6.1 points over five sessions.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying48+0.7%+3.5%+7.6%+10.5%
Accumulation196+1.4%+1.9%+1.9%+7.8%
Neutral (current zone)417−0.2%−0.5%−0.3%−1.8%
Distribution34−1.8%−0.8%−1.4%−6.5%
Selling2Too few readings yet

Average CDNS share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.0% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the CDNS price, zone by zone.Track CDNS in Gekko

Is Cadence Design Systems stock overvalued? Gekko Fair Value

Cadence Design Systems trades 12.1% above Gekko Fair Value of $293.91, so the shares are overvalued on Gekko’s estimate.

Gekko’s own estimate of what Cadence Design Systems shares are worth, recalculated every trading day.

$293.91

Gekko Fair Value, Nov 4, 2026

12.1% Overvalued

At the end of Aug 2026 the price was 17.3% above the estimate.

Gekko Fair ValueShare price, month end
$294$324Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open CDNS in Gekko

Cadence Design Systems insider and Congress trading

No open-market insider purchases were filed for Cadence Design Systems, and members of Congress disclosed 1 purchase and 0 sales, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for CDNS in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every CDNS insider filing, plotted on the chart in Gekko.Open CDNS in Gekko

Congress trades last 90 days

1trade disclosed: 1 purchase and 0 sales.

MemberTypeAmountDisclosed
Ro Khanna
House, CA, purchase
Purchase$1,001 - $15,000Oct 9
traded Sep 11

From congressional disclosures, which report amounts as ranges.

Buybacks

Cadence Design Systems has been buying back its own shares.

Latest authorization
$2.50B, Oct 26, 2026
Bought back, quarter ended Sep 30, 2026
$400.0M
As a share of market cap
0.44%
Trailing four quarters
$1.00B

From company filings.

Unusual options activity last 30 days

1signal, 61% of the flagged premium in calls.

Latest: Bullish flow on Oct 27, $10.39M in unusual premium.

Hedge funds and billionaires quarter ended Jun 30

1of the funds Gekko tracks holds CDNS.

0added0opened1trimmed1sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

Cadence Design Systems earnings: next date and track record

Cadence Design Systems reports on Feb 16, 2027, after the close (103 days away), and beat the EPS estimate in 7 of its last 8 reports.

7 of 8reports beat the EPS estimate
±5.2%average move across the report
5 of 8reports followed by a gain

Share-price move across each report

−7.2%Feb ’25+4.3%Apr ’25+10.3%Jul ’25−1.1%Oct ’25+1.9%Feb ’26−2.3%Apr ’26+5.7%Jul ’26+8.4%Oct ’26

Last earnings call, Oct 26, 2026 AI summary

What they said
Cadence delivered a strong Q3 with all key metrics exceeding guidance and record backlog of $8.2 billion. The company is raising full-year revenue growth outlook to 21% and EPS outlook by $0.30 to $8.40. Cadence launched Maestro, a portfolio of domain-specialized AI models showing 30% higher quality and 5x greater token efficiency vs. general-purpose models. AI super agents gained 100+ active customer engagements with notable deployments at MediaTek, Honda, Renesas, and Samsung.
Guidance
Cadence raised full-year revenue growth outlook to 21% and increased EPS guidance by $0.30 to $8.40, reflecting strong bookings momentum and growing customer demand. Management expressed confidence driven by expanding AI opportunities and technology leadership.
ReportedEPSSurpriseRevenueSurpriseMove
Oct 26, 2026$2.11
est $2.05
+2.9%$1.63B
est $1.61B
+1.3%+8.4%
Jul 27, 2026$1.58
est $1.62
−2.5%$1.58B
est $1.58B
+0.5%+5.7%
Apr 27, 2026$1.96
est $1.80
+8.9%$1.47B
est $1.46B
+1.2%−2.3%
Feb 17, 2026$1.99
est $1.91
+4.2%$1.44B
est $1.42B
+1.1%+1.9%
Oct 27, 2025$1.93
est $1.79
+7.8%$1.34B
est $1.32B
+1.2%−1.1%
Jul 28, 2025$1.65
est $1.56
+5.8%$1.28B
est $1.25B
+2.0%+10.3%
Apr 28, 2025$1.57
est $1.49
+5.4%$1.24B
est $1.24B
+0.2%+4.3%
Feb 18, 2025$1.88
est $1.82
+3.3%$1.36B
est $1.35B
+0.7%−7.2%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Cadence Design Systems stock forecast and analyst price targets

Analysts’ average 12-month price target for Cadence Design Systems is $411.76, +25.0% from the last close, from 13 firms rating the stock in the last 90 days.

$411.76consensus 12-month target, +25.0% from the last close
Low $375High $470
Buy13
Hold0
Sell0

Each firm’s latest rating in the last 90 days: 13 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 27J.P. MorganBuy, maintained$420+27.5%
Oct 27Morgan StanleyBuy, reiterated$400+21.4%
Oct 27KeyBancBuy, reiterated$425+29.0%
Oct 27Robert W. BairdBuy, maintained$440+33.5%
Oct 27J.P. MorganBuy, reiterated$420+27.5%
−0.3%average 20-day move after past Neutral readings
+6.1%average move over the next 20 trading days in the last 5 years
±4.4%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Cadence Design Systems seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, Cadence Design Systems averaged +6.1% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

−0.9%2021+16.9%2022+5.0%2023+8.3%2024+0.9%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+4.1%3 of 5
Next 10 trading days+3.9%4 of 5
Next 15 trading days+4.6%3 of 5
Next 20 trading days+6.1%4 of 5
Next 30 trading days+4.8%3 of 5

For scale, CDNS’s typical 20-trading-day move in either direction is about 6.1%.

Cadence Design Systems market cap and key statistics

Cadence Design Systems’s market cap is $90.41B, with a P/E ratio of 65.1 and revenue of $6.13B over the last twelve months.

Valuation

Market cap
$90.41B
P/E ratio
65.1
Forward P/E
34
EPS, TTM
$5.06
Gekko Fair Value
$293.91

Trading

Volume
2.07M
Avg volume, 20 days
2.39M
52-week high
$416.69
52-week low
$262.75
Shares outstanding
274.4M

Financials

Revenue, TTM
$6.13B
Profit margin
22.5%
Return on equity
22.9%
Quarterly earnings growth, YoY
0.0%

Risk and income

Beta
1.10
Typical daily move
±4.4%
Typical 20-day move
±6.1%

Cadence Design Systems peers

Cadence Design Systems’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
MSFTMicrosoft+2.2%Neutral17.8% above
PLTRPalantir Technologies+4.1%Accumulation4.7% below
ORCLOracle+1.6%Accumulation29.7% below
PANWPalo Alto Networks+0.2%Accumulation7.4% above
CRWDCrowdStrike−0.7%Neutral8.1% above
CRMSalesforce−0.8%Accumulation9.3% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

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Cadence Design Systems stock FAQ

What is Cadence Design Systems’s market cap?

Cadence Design Systems’s market cap is $90.41B at the Nov 4, 2026 close of $329.52, with 274.4M shares outstanding. The shares trade on a P/E ratio of 65.1.

What is the Cadence Design Systems stock forecast?

The consensus analyst 12-month price target for Cadence Design Systems is $411.76, +25.0% from the last close. Of the 13 firms that rated the stock in the last 90 days, 13 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Cadence Design Systems stock overvalued or undervalued?

On Gekko’s estimate Cadence Design Systems is overvalued: the Nov 4, 2026 close of $329.52 is 12.1% above Gekko Fair Value of $293.91. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Cadence Design Systems report earnings next?

Cadence Design Systems is expected to report on Feb 16, 2027, after the market closes (103 days away). Analysts expect earnings of $2.23 per share on revenue of $1.72B. Cadence Design Systems beat the earnings estimate in 7 of its last 8 reports, moving 5.2% on average across the report.

What is Cadence Design Systems’s 52-week high and low?

Cadence Design Systems’s 52-week high is $416.69 and its 52-week low is $262.75; it closed at $329.52 on Nov 4, 2026, −1.8% over the past year.

Is Cadence Design Systems stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 6 items with data read as supportive (smart money, earnings risk and seasonality), 2 as mixed (trend and gekkoindex) and 1 as a headwind (fair value). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Cadence Design Systems?

Gekko flagged 1 unusual options signal in Cadence Design Systems over the last 30 days, with $6.32M of flagged premium in calls and $4.07M in puts. The latest, bullish flow, was on Oct 27, 2026 with $10.39M in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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