Cadence Design Systems, Inc. (NASDAQ: CDNS): Can The Stock Still Lose Despite An 7.10% YTD Gain?

Cadence Design Systems, Inc. (NASDAQ:CDNS)’s traded shares stood at 1.77 million during the last session, with the company’s beta value hitting 1.05. At the close of trading, the stock’s price was $291.70, to imply a decrease of -1.52% or -$4.51 in intraday trading. The CDNS share’s 52-week high remains $327.36, putting it -12.22% down since that peak but still an impressive 25.34% since price per share fell to its 52-week low of $217.77. The company has a valuation of $79.38B, with an average of 1.49 million shares over the past 3 months.

Cadence Design Systems, Inc. (NASDAQ:CDNS) trade information

After registering a -1.52% downside in the last session, Cadence Design Systems, Inc. (CDNS) has traded red over the past five days. The stock hit a weekly high of 301.93, dropping -1.52% in its intraday price action. The 5-day price performance for the stock is 0.55%, and 3.26% over 30 days. With these gigs, the year-to-date price performance is 7.10%.

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Cadence Design Systems, Inc. (CDNS) estimates and forecasts

Looking at statistics comparing Cadence Design Systems, Inc. share performance against respective industry, we note that the company has underperformed competitors. Cadence Design Systems, Inc. (CDNS) shares are 7.42% up over the last 6 months, with its year-to-date growth rate lower than industry average at 15.15% against 16.70%.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 25.42% for the past 5-year period. While 2024 is set for a 15.16% return in earnings, projections for the next 5 years are at 17.11% annually.

CDNS Dividends

Cadence Design Systems, Inc. has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Cadence Design Systems, Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.