Declining Stock and Solid Fundamentals: Is The Market Wrong About Cadence Design Systems, Inc. (NASDAQ:CDNS)? [Yahoo! Finance]
Cadence Design Systems, Inc. (CDNS)
Last cadence design systems, inc. earnings: 4/20 04:05 pm
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US:NASDAQ Investor Relations:
cadence.com/company/investor_relations/index.aspx?lid=investor_relations
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Source: Yahoo! Finance
However, stock prices are usually driven by a company's financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Cadence Design Systems' ROE. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. View our latest analysis for Cadence Design Systems How Do You Calculate Return On Equity? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Cadence Design Systems is: 31% = US$1.0b ÷ US$3.4b (Based on the trailing twelve months to December 2023). The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.31 in
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News
- Top ideas in vertical software with valuations over or below 50th percentile - Baird [Seeking Alpha]Seeking Alpha
- Cadence Design Systems, Inc. (NASDAQ: CDNS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Cadence Named by Fortune and Great Place to Work as One of 2024's 100 Best Companies to Work For, Ranking No. 9 [Yahoo! Finance]Yahoo! Finance
- Cadence Design Systems Q1 Results: A Surprising Miss And A Puzzling Forecast [Seeking Alpha]Seeking Alpha
- Cadence Design Systems: Patiently Waiting For A Better Price [Seeking Alpha]Seeking Alpha
CDNS
Earnings
- 4/22/24 - Beat
CDNS
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/1/24 - Form 144
- CDNS's page on the SEC website