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CDNS

Cadence DesignC
Nasdaq / Software & Services
Last Price
At close
2026-06-02
View Chart
Current thesis
The cleanest bullish read is that April 27, 2026 results reinforced durable AI-chip design demand: backlog reached $8.0B, FY2026 revenue guidance moved to roughly 17% year-over-year growth at the midpoint, and management cited strength across Core EDA, hardware, IP, and system design.
Posture
Mixed
Lead driver
Momentum
What changed
7 setup hits (3d) with net bullish as of 2026-06-02.
What can break
Cadence’s revenue mix still depends on order timing, deliveries, and large customer design activity, so hardware or advanced-node demand slippage could pressure conversions from backlog.
Momentum
81
Value
49
Sentiment
36
Setup hits (3d)
7 · Net Bullish
AI TargetsBase $374.00 · Bull $395.00 · Bear $295.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-04-28 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Bullish
Target $374.00
Why
Momentum81 · Δ7d -4.3
Value49 · Δ7d -0.2
Sentiment36 · Δ7d -7.0
So what
Balanced signals (Net Bullish). Wait for confirmation before sizing up.
Lead driver: Momentum · See technicals
Momentum
81
34% active weight
Current posture
7d trendFlat
Δ7d
-4.3
Δ21d
-1.0
Value
49
32% active weight
Current posture
7d trendFlat
Δ7d
-0.2
Δ21d
+0.1
Sentiment
36
33% active weight
Current posture
7d trendSoftening
Δ7d
-7.0
Δ21d
-4.8
Why this grade

Composite grade C. Momentum 80.7 / Value 48.9 / Sentiment 36.1

Fundamentals (TTM)
As of 2026-06-01
Market Cap
$114.23B
Beta
1.02
Shares Out
272.2M
P/E (TTM)
77.7
P/S (TTM)
15.73
P/FCF (TTM)
55.45
Rev YoY
+10.1%
EPS YoY
+20.7%
Gross Margin
+85.5%
Op Margin
+28.5%
Net Debt
-$308.47M
Current Ratio
3.05
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology