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CDNS

Cadence DesignC
Nasdaq / Software & Services
Last Price
At close
2026-07-20
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
Value
What changed
Next scheduled catalyst: earnings 2026-07-27 · AMC.
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
42
Value
50
Sentiment
55
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $374.00 · Bull $395.00 · Bear $295.00
Earnings
2026-07-27 · AMC
Data freshness
Prices
As of 2026-07-20
Fundamentals
As of 2026-07-20 • Vendor: Data Vendor v1
Scores
As of 2026-07-20 • Model: HYBRID_IC_RP
AI Memo
As of 2026-04-28 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-07-20
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $389.14
Why
Momentum42 · Δ7d -26.9
Value50 · Δ7d +0.5
Sentiment55 · Δ7d +11.7
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Lead driver: Value · See fundamentals
Momentum
42
26% active weight
Current posture
7d trendSoftening
Δ7d
-26.9
Δ21d
-35.4
Value
50
39% active weight
Current posture
7d trendFlat
Δ7d
+0.5
Δ21d
+0.7
Sentiment
55
34% active weight
Current posture
7d trendImproving
Δ7d
+11.7
Δ21d
+11.6
Why this grade

Composite grade C. Momentum 41.8 / Value 49.8 / Sentiment 54.7

Fundamentals (TTM)
As of 2026-07-20
Market Cap
$91B
Beta
1.02
Shares Out
275.82M
P/E (TTM)
77.7
P/S (TTM)
15.73
P/FCF (TTM)
55.45
Rev YoY
+18.7%
EPS YoY
+22.7%
Gross Margin
+85.2%
Op Margin
+28.5%
Net Debt
-$489.2M
Current Ratio
1.47
As of 2026-07-20 • Updated nightlySource: Internal modelMethodology