Skip to main content

CDNS Cadence Design Systems, Inc.

Technology

329.51 +1.62 +0.49% Close 11/2
Since 2024-12-02 +5.7%
Open
330.02
High
332.94
Low
323.48
Prev close
327.89
Volume
2.2M
Amplitude
2.89%
P/E
65.2
P/B
13.1
Revenue YoY (TTM)
+17.6%
52W 262.75 416.69

Is Cadence Design Systems, Inc. a buy? Fundamentals and valuation first

As of 2026-10-30

Quality: Strong, Growth: Good, Momentum: Good, Risk / liquidity: Good; Valuation: Pricey.

Valuation Pricey Free-cash-flow yield is Good, but Price / book is Expensive.
TTM P/E 65.19 87th percentile Expensive
Price / book 13.09 94th percentile Expensive
Free-cash-flow yield (%) 1.96 54th percentile Good
US Stock Backtest in Python: Price-to-Book Ratio StrategyQuality Factor Investing: A US Quality Value Backtest
Quality Strong All 3 indicators are Top.
ROE, TTM (%) 20.08 82th percentile Top
Operating margin, TTM (%) 28.96 82th percentile Top
FCF margin, TTM (%) 28.76 85th percentile Top
Quality Factor Investing: A US Quality Value Backtest
Growth Good All 2 indicators are Good.
Revenue growth, TTM YoY (%) 17.64 72th percentile Good
Diluted EPS growth, TTM YoY (%) 29.64 71th percentile Good
Momentum Good All 2 indicators are Good.
60-day return (%) -3.11 59th percentile Good
240-day return (%) 4.12 56th percentile Good
Momentum Trading Strategy: A 12-1 Momentum Backtest
Risk / liquidity Good 20-day dollar volume is Top; 60-day annualized volatility is Good.
20-day dollar volume 776,514,474 98th percentile Top
60-day annualized volatility (%) 41.61 47th percentile Good
Factor Investing Explained: 10 Classic Factors in US Stocks

Cadence Design Systems, Inc. (CDNS) today

1 quant signals active · As of 2026-10-30

Win rate and excess are historical post-trigger stats vs the market. Click a signal for its full definition and samples; history does not predict future results.

FinLab Studio

From Cadence Design Systems, Inc. to every stock like it

AI finds several complementary traits of Cadence Design Systems, Inc. across different dimensions, combines them into a multifactor strategy, and backtests it against the market.

Screen stocks like Cadence Design Systems, Inc.

Cadence Design Systems, Inc. (CDNS) peers and tracking

Watchlist

This page refreshes daily after the close. Add Cadence Design Systems, Inc. to your watchlist to track signal changes on your next visit.

Cadence Design Systems, Inc. (CDNS) quant signal backtests

Signals active now

Each active condition is tested against this stock’s own history and benchmarked versus the S&P 500.

Filed revenue acceleration

Active · now 17.64%

TTM revenue growth is at least 10% and improved versus the prior filed quarter; event date is the SEC filing date.

9 historical occurrences (since 2019-07-22)

Average forward return after Filed revenue acceleration

20-day: Win 50%, Sample 8, Median -1.66%, Excess -2.32%, Beat mkt rate 37.5%

60-day: Win 25%, Sample 8, Median -4.08%, Excess -5.01%, Beat mkt rate 12.5%

120-day: Win 71.4%, Sample 7, Median +11.99%, Excess -0.92%, Beat mkt rate 42.9%

120 days after: historical avg +8.47%

20-day -0.63%
60-day +0.35%
120-day +8.47%
20-day
60-day
120-day
Win
50%
25%
71.4%
Sample
8
8
7
Median
-1.66%
-4.08%
+11.99%
Excess
-2.32%
-5.01%
-0.92%
Beat mkt rate
37.5%
12.5%
42.9%

Over 7 occurrences, 120-day forward avg gained 8.47%, lagged the market by 0.92 pts; win rate 71.4%.

Valuation regime and forward returns

Daily TTM P/E is converted into an expanding own-history percentile, then grouped into five valuation regimes. Forward returns use adjusted prices over the next 240 trading days.

PE percentile bandSample days240-day avg returnMedianWin rateAvg excess (vs index)
0-20 0Insufficient data
20-40 1Insufficient data
40-60 You are here108+25.4% +24.9% 100% +5.7%
60-80 274+21.2% +19% 90.9% +2%
80-100 770+17.2% +12.5% 74.4% +9.4%

Quarterly EPS is aligned by SEC filing date before it is forward-filled to daily prices. The expanding percentile uses only information available up to each day.

Current TTM P/E is about 65.19, placing it in the 40.5 own-history percentile, inside the 40-60 bucket.

More history: Valuation × momentum analogs, Market-wide momentum baseline, Signals not active now

Valuation × momentum analogs

Each historical day is grouped by own-history P/E tercile and 60-day momentum direction, then tested for the next 120-trading-day adjusted return.

Valuation
Momentum
Cheap (own-history bottom third)
Middle
Expensive (own-history top third)
60-day momentum up
Insufficient data
(0d)
+20.6%
Win rate 100% Excess +12.2%
46d
+4.4%
Win rate 59.1% Excess -0.5%
740d
60-day momentum down
Insufficient data
(0d)
Now
+16%
Win rate 75% Excess +4.9%
152d
+18.3%
Win rate 88.4% Excess +12.9%
335d

Currently in “Middle × 60-day momentum down”: across 152 historical days, 120-day forward avg gained 16%, win rate 75%, beat the market by 4.9%.

Days = trading days in this bucket; returns use adjusted prices, ex-costs. 60-day momentum: direction of this stock's price over the past 60 trading days.

Market-wide momentum baseline

Across 99,493 liquid US common-stock samples, top-quintile 6-month momentum was followed by an average 60-trading-day return of +6.42%, a 58.4% positive-return rate, and +3.08 percentage points of average excess return versus the S&P 500.

Baseline: weekly samples since 2016 where a liquid US common stock ranked in the top quintile by 126-trading-day momentum. Forward return is 60 trading days; excess return is versus S&P 500 (^GSPC).

Signals not active now

Inactive signals still show the stock-specific historical forward-return distribution for context.

52-week adjusted-price high

Pending

Adjusted close first reaches a 252-trading-day high; repeated hits within 20 days count once.

38 times historically; 60-day forward avg +2.11%, win rate 60.5%, beating the market by -1.27 pts on average.

Top-quintile 6-month momentum

Pending

The stock ranks in the top 20% of the liquid US common-stock universe by 126-day adjusted return.

Momentum Trading Strategy: A 12-1 Momentum Backtest

28 times historically; 60-day forward avg +8.04%, win rate 63%, beating the market by +2.29 pts on average.

EPS surprise beat

Pending

Reported EPS beat consensus estimate by at least 5%; event date is the earnings-surprise timestamp.

PEAD: Post-Earnings Announcement Drift Backtest

25 times historically; 60-day forward avg +7.82%, win rate 65.2%, beating the market by +4.47 pts on average.

Method and limits

  • Returns use us_price:adj_close, adjusted for splits and dividends where available.
  • Excess returns use world_index:^GSPC as the S&P 500 benchmark proxy.
  • Quarterly fundamentals are aligned to SEC filing dates before daily valuation studies.
  • The promoted universe starts from active NYSE/NASDAQ common stocks, then applies price and dollar-volume gates.
  • Snapshot-only tables such as analyst consensus, DCF, us_ratios, and us_key_metrics are intentionally excluded from historical evidence.
  • Overlapping event windows are descriptive distributions, not independent samples.

This page is for historical data analysis and education only. It is not investment advice. Backtests and historical return distributions do not predict future performance; evaluate risk independently before trading.