Why Cadence Design Systems stock moves
Cadence Design Systems rose clearly without company news.
Written after the close on ·
Why today
16,413 news analyzed todayCadence Design Systems rose clearly without company news.
Over the same day the S&P 500 rose only slightly, so the stock moved well ahead of the market.
Over the last five trading days the stock fell slightly, moving in line with the market's sharp decline, while its technology sector fell very sharply.
The move in the last session looks more like a rebound in technology than a company-specific event.
Investors are still weighing AI-related demand and valuation, which set the stock's direction over these days.
Today's move of +2.73% was 1.5 times a normal day's 1.8%. S&P 500 moved +0.31% on the same day.
Cadence Design Systems +2.73%S&P 500 +0.31%Much stronger than the market
What analysts expect, and how often they have been right
Analysts’ estimates for Cadence Design Systems.
Cadence Design Systems earned more than expected in 8 out of 8 reports.
For comparison, about 82% of reports from US companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 5 out of 8 reports with a measured move, against about 55% of reports from US companies.
Ratings
Price targets
Latest price $319.92
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expected$
Next reported quarter: expected earnings per share of $2.23 (February 18). For the current fiscal year, expected earnings per share changed from $4.79 three months ago to $4.85 now. 2026 estimate: $4.85. 2027 estimate: $9.85.
Has the share price followed the business?
Price and earnings moved in the same direction: 3 out of 3 years. Across US companies, that happens in about 65% of years. In 2025, the price changed +4% and earnings per share +5%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.$B
Assets, liabilities and market cap
AssetsLiabilitiesMarket cap$B
Price and earnings moved in the same direction: 3 out of 3 years.Market cap (Now): $87.8BRevenue 2025: $5.3B
What the key figures say about Cadence Design Systems
The figures connect what Cadence Design Systems earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: $3.09–$4.06. Peers: Intuit $16.46, Adobe $17.91, Snowflake -$3.18. 2026 estimate: $4.85 ($4.45–$4.94). 2027 estimate: $9.85 ($8.94–$10.42).
What the company sold during the year.
2022–2025: $3.6B–$5.3B. Peers: Intuit $21.4B, Adobe $26.0B, Snowflake $5.4B. 2026 estimate: $6.4B ($6.4B–$6.4B). 2027 estimate: $7.3B ($7.0B–$7.6B).
The percentage of revenue left after the costs of running the business.
2022–2025: 29.8%–31.1%. Peers: Intuit 28.8%, Adobe 35.7%, Snowflake −22.8%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 20.3%–30.9%. Peers: Intuit 23.6%, Adobe 61.9%, Snowflake −48.1%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 52.0–78.0. Peers: Intuit 20.7, Adobe 13.4. 2026 estimate: 66.0. 2027 estimate: 32.5.
What investors pay for each unit the company sells.
2022–2025: 12.30–18.09. Peers: Intuit 4.25, Adobe 3.59, Snowflake 17.91. 2026 estimate: 13.69. 2027 estimate: 11.97.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: -0.29–0.00. Peers: Intuit 0.18, Adobe 0.12.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 15.52–21.74. Peers: Intuit 4.83, Adobe 7.95, Snowflake 45.23.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 41.0–55.9.
Cash left after investments, divided by the number of shares.
2022–2025: $4.08–$5.84. Peers: Intuit $32.24, Adobe $27.21, Snowflake $3.38.
The percentage of assets financed by shareholders’ equity.
2022–2025: 52.1%–60.0%.
What to watch next, and why
The earnings report shows how Cadence Design Systems's revenue and profit have changed.
- Earnings report
The earnings report shows how Cadence Design Systems's revenue and profit have changed.
Add to calendar
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Cadence Design Systems usually moved about 4.0%. On a normal day it moves 1.8%.
+6.49% Why? +1.80% −3.34% +7.60%
$10,000 in Cadence Design Systems bought on November 7, 2016 is worth $126,000 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,400.
What would $10,000 in Cadence Design Systems be worth today? →
What would $10,000 in Cadence Design Systems be worth today?
$126,000
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,400.
The five biggest days of the journey
· +15.4% · the whole market fell 0.6% the same day · report day
· +14.3% · the whole market rose 9.5% the same day
· +13.4% · the whole market rose 9.4% the same day
· −12.6% · the whole market fell 12.0% the same day
· +12.5% · the whole market rose 0.2% the same day · report day
Earlier days
−2.43% market −2.70% Cadence Design Systems fell slightly over the week, moving in line with a sharply falling S&P 500. Read →
Cadence Design Systems fell slightly over the week, moving in line with a sharply falling S&P 500.
Its sector's Technology ETF fell very sharply, so Cadence held up better than its sector.
Investors likely reacted to the launch of its Maestro AI tools and third-quarter results, which included full-year 2026 guidance, the company's forecast for the year.
Analyst rating changes to Hold from Wall Street Zen also weighed on sentiment, and the stock remains well below its June high.
−5.49% market −4.41% Cadence Design Systems fell, in line with the market. Read →
Cadence Design Systems fell, in line with the market.
Over the last five trading days it fell sharply, moving more than the S&P 500 and less than its sector.
The last session's move was in line with both the broad market and the Technology sector, so no single company event stands out.
Several analysts cut the stock to a hold rating that day, which likely added some pressure.
Next, the company reports quarterly results on Thursday 18 February 2027.
+1.78% market +1.65% Cadence Design Systems rose, moving in line with the market. Read →
Cadence Design Systems rose, moving in line with the market.
No company news clearly explains the rise.
Over the last five trading days, the stock fell clearly and moved more than the market, which fell slightly.
Likely drivers include investor worries about AI spending and valuations in technology stocks.
Next earnings report is Thursday 18 February 2027.
−1.75% market +0.30% Cadence Design Systems fell without a company-news explanation. Read →
Cadence Design Systems fell without a company-news explanation.
The stock fell clearly while the S&P 500 rose slightly, so it moved against the broad market.
It also moved against its Technology sector, which rose clearly that day.
Over the last five trading days, the stock fell clearly, moving more than the market and in line with its sector.
Likely drivers include investor worries about how much they will pay for tech growth, plus concern that AI tools could automate engineering work that Cadence sells software for.
−4.34% market −1.77% Cadence Design Systems fell, in line with its sector. Read →
Cadence Design Systems fell, in line with its sector.
The data also has news from that session, including a short-pullback note, but none of it clearly names the cause of the drop.
Over the same day, the S&P 500 and the Technology sector ETF both fell sharply.
Cadence Design Systems dropped about as much as its sector, so the sector selloff likely explains most of the move.
Over the last five trading days, Cadence Design Systems rose clearly, while the S&P 500 fell slightly and the Technology sector ETF fell clearly.
+3.60% market −0.56% Cadence Design Systems rose clearly over the week, moving against a slightly weaker S&P 500 and a clearly weaker technology sector. Read →
Cadence Design Systems rose clearly over the week, moving against a slightly weaker S&P 500 and a clearly weaker technology sector.
The main driver was its quarterly results, released on Tuesday, which showed strong revenue growth, a record backlog of future orders, and a raised outlook tied to new AI products.
Analysts also raised or reaffirmed their positive ratings and price targets that day, which supported the move.
Its next earnings report is due on Thursday, 18 February 2027.
+0.08% market −0.38% Cadence Design Systems was roughly unchanged. Read →
Cadence Design Systems was roughly unchanged.
The stock was roughly unchanged, while the S&P 500 fell slightly and the Technology sector ETF (a fund that tracks the sector) fell clearly.
That was an ordinary-sized day for Cadence Design Systems.
The only company news marked for the last session was a Genesis Mission Consortium membership announcement, which is a partnership with the U.S. Department of Energy on AI research, plus routine filings, so none of it explains a move that did not happen.
Over the past five trading days the stock rose very sharply, about three times its usual five-day swing, which is a big move that happened only about seven times in the past year.
+6.49% market +0.56% Cadence Design Systems rose yesterday after strong quarterly results. Read →
Cadence Design Systems rose yesterday after strong quarterly results.
Cadence rose very sharply in the last session, while the S&P 500 rose clearly, so it outperformed the market.
Its third-quarter revenue rose 22% year on year to $1.63 billion, and it raised its 2026 revenue growth outlook to 21%.
Analysts raised their price targets, the share prices they see as fair, after the report, and the stock rose further in the last session.
Over the last five trading days the stock rose sharply, while the market was roughly flat.
+2.21% market −0.52% Cadence Design Systems rose clearly on Nasdaq, against a falling market. Read →
Cadence Design Systems rose clearly on Nasdaq, against a falling market.
The S&P 500 fell clearly that day, so the stock moved strongly apart from the broader market.
Likely reasons include a Rosenblatt rating reaffirmation with a $420 target, and investor interest in its AI push.
Over the last five trading days the stock was roughly unchanged, and it moved less than the market, which fell slightly.
Its next earnings report is due Monday, 26 October 2026, and is likely to matter most to investors.
−0.95% market −0.43% Cadence Design Systems was roughly unchanged over the past five trading days. Read →
Cadence Design Systems was roughly unchanged over the past five trading days.
The S&P 500 fell slightly, so Cadence moved less than the broader market.
Analysts also kept their buy ratings, which may have supported the shares.
−5.04% market −1.18% Cadence Design Systems fell very sharply, with no company news explaining it. Read →
Cadence Design Systems fell very sharply, with no company news explaining it.
The stock fell much more than the S&P 500 and the Technology sector, which both fell sharply.
Over the last five trading days the stock fell clearly, moving in line with its sector and more than the broad market.
Broad selling in technology shares is the most likely driver, though no specific cause is named.
The stock remains well below its high of the past year and well above its low.
+1.94% market +0.53% Cadence Design Systems rose clearly, moving with its sector. Read →
Cadence Design Systems rose clearly, moving with its sector.
Over the same day, the S&P 500 also rose clearly, so Cadence moved about as much as the market.
Over the last five trading days the stock was roughly unchanged, while the market rose slightly.
Quarterly results come on Monday 26 October, the next thing to watch.
−1.50% market −1.11% Cadence Design Systems slipped slightly, moving with a weak market and a sharply lower tech sector, with no company-specific news that day. Read →
Cadence Design Systems slipped slightly, moving with a weak market and a sharply lower tech sector, with no company-specific news that day.
Over the last five trading days it fell sharply, dropping more than the S&P 500, which fell clearly, and moving in line with its sector.
The most likely driver is broad weakness in technology and software stocks, not company news.
The next focus is the earnings report on Monday 26 October 2026, which investors will watch closely after the decline.
−9.45% market −1.97% Cadence Design Systems fell sharply over the last five trading days, moving more than the broader market, which also declined clearly, and roughly in line with its technology sector, which dropped very sharply. Read →
Cadence Design Systems fell sharply over the last five trading days, moving more than the broader market, which also declined clearly, and roughly in line with its technology sector, which dropped very sharply.
The news flow in the week was mostly routine: a senior executive exercised options and sold shares, several investment firms reported buying or trimming stakes, and the company announced a deepened partnership with NVIDIA on AI chip design, which is a positive but did not prevent the decline.
The sell-off is most likely driven by broad weakness in technology and AI-linked stocks rather than by company-specific bad news.
Investors will likely watch the next earnings report, due Monday 26 October 2026, for signs of whether the company's growth outlook holds up.
−1.54% market +0.28% Cadence Design Systems fell slightly, against a slightly rising S&P 500 and a slightly falling tech sector. Read →
Cadence Design Systems fell slightly, against a slightly rising S&P 500 and a slightly falling tech sector.
The only company-specific news that day was a partnership deepening in AI chip design, which likely lends support rather than pressure, so the small drop probably reflects routine trading and sector weakness.
Over the last five trading days the stock fell clearly, moving more than both the broad market, which was roughly flat, and its tech sector, which fell sharply.
The main earlier pressure has been a long slide through the summer, which may be weighing on sentiment.
The next earnings report, due 26 October, is the key event to watch.
−4.08% market −0.01% Cadence Design Systems fell sharply as investors rotated out of richly valued chip-design software names. Read →
Cadence Design Systems fell sharply as investors rotated out of richly valued chip-design software names.
Over the last five trading days Cadence fell clearly while the S&P 500 was roughly flat and the technology sector fell clearly, so the decline was steeper than both the market and its own sector.
The most likely driver is a rotation away from high-multiple software stocks — "high-multiple" meaning shares priced at a big premium to current earnings — with the selling pressure concentrated in the latest session; a valuation exercise arguing the shares look expensive next to its estimate of intrinsic worth likely added to the mood, while analyst upgrades and small institutional purchases did not offset it.
The company also completed a large acquisition and a director sold a modest block of shares earlier in the period, neither of which explains a fall of this size.
Watch the late-October quarterly report, the next scheduled company event.
Learn more · Why do stocks go up and down?