Cadence Design Systems, Inc. (CDNS)
Technology · Software - Application · Data as of 2026-10-22
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 61× earnings, roughly in line with its own 5-year average of 72× and above similar technology companies we track (31×, 86 peers). Investors are currently paying more per dollar of earnings than usual. Its free-cash-flow yield is about 2.0%. Its current multiple sits around the 15th percentile of its own last five years — toward the low end of its own range.
Price zones — Near its historical resistance zone (Red)
At $309.65, 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 $318.97. 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 $318.97 · 200-day average $327.21
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 1.6× volume on down days over the last 30 sessions.
Dividends & company facts
CDNS doesn't pay a dividend, but it bought back $779 million of its shares in fiscal 2025, about 0.91% of its market value. Its share count rose 1.2% over the past year.
- Buybacks
- 0.91% (fiscal 2025)
- Shares, past year
- +1.2%
- Revenue, 12 months
- $5.8B
- Profit, 12 months
- $1.4B
- Employees
- 13,800
- CEO
- Anirudh Devgan
- Headquarters
- San Jose, CA
- Listed since
- 1987 · NASDAQ
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.
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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 61×，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（31×，86 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 2.0%。它当前的估值倍数大约位于自身过去五年分布的第 15 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 $309.65，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 $318.97 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 1.6×。
股息与公司概况
CDNS 不派发股息，但在 2025 财年回购了 7.8亿美元 的股票，约占市值的 0.91%。其股数过去一年增加了 1.2%。
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.