Cadence Design Systems, Inc. (CDNS)
Technology · Software - Application · Data as of 2026-09-01
Bottom line
CDNS is trading at a premium to its history, near its historical resistance zone, and recent volume shows no clear direction. Historically, this combination has called for extra caution. Past patterns are not a guarantee of future results.
Valuation — Trading at a premium (Red)
CDNS trades at 67× earnings, roughly in line with its own 5-year average of 72× and above similar technology companies we track (33×, 84 peers). Investors are currently paying more per dollar of earnings than usual. Its free-cash-flow yield is about 1.8%. Its current multiple sits around the 32nd percentile of its own last five years — toward the low end of its own range.
Price zones — Near its historical resistance zone (Red)
At $313.04, the stock is close to the upper end of its recent range. Over the past year CDNS has traded between $262.75 and $416.69; its historical support zone sits near $262.75 and resistance near $327.32. It is below both its 50- and 200-day averages, which has historically signalled a downtrend.
52-week range $262.75–$416.69 · 50-day average $345.95 · 200-day average $327.32
Money flow — No clear direction (Yellow)
Buying and selling volume in CDNS have been fairly balanced recently, with no strong accumulation or distribution pattern. Volume on up days has been about 1.0× volume on down days over the last 30 sessions.
About the company
Cadence Design Systems, Inc. operates globally, delivering a comprehensive suite of solutions that includes software, specialized hardware, professional services, and pre-designed integrated circuit (IC) building blocks. The company's robust functional verification offerings feature dedicated emulation and prototyping hardware.
一句话结论
CDNS 相对自身历史处于溢价水平，接近其历史阻力区，近期成交量没有明确方向。从历史来看，这样的组合需要格外谨慎。过去的形态并不能保证未来的结果。
估值 — 相对自身历史处于溢价水平
CDNS 目前的市盈率为 67×，大致持平于其自身 5 年平均的 72×，并且高于我们追踪的同类Technology公司（33×，84 家）。投资者目前为每一美元盈利付出的价格高于以往。其自由现金流收益率约为 1.8%。它当前的估值倍数大约位于自身过去五年分布的第 32 百分位——处于自身区间的偏低位置。
价格区间 — 接近其历史阻力区
目前价格为 $313.04，接近其近期区间的上沿。过去一年 CDNS 的价格在 $262.75 到 $416.69 之间波动；其历史支撑区在 $262.75 附近，阻力区在 $327.32 附近。它同时位于 50 日和 200 日均线下方，这在历史上通常对应下降趋势。
资金流向 — 方向不明确
CDNS 近期的买卖成交量大致均衡，没有明显的吸筹或派发形态。过去 30 个交易日，上涨日的成交量约为下跌日的 1.0×。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.