Cadence Design Systems (CDNS) Competitors and Alternatives 2024 (2024)

CDNS vs. CRWD, PLTR, DDOG, EA, CRM, ADBE, INTU, SNPS, WDAY, and ADSK

Should you be buying Cadence Design Systems stock or one of its competitors? The main competitors of Cadence Design Systems include CrowdStrike (CRWD), Palantir Technologies (PLTR), Datadog (DDOG), Electronic Arts (EA), Salesforce (CRM), Adobe (ADBE), Intuit (INTU), Synopsys (SNPS), Workday (WDAY), and Autodesk (ADSK).

Cadence Design Systems vs.

Cadence Design Systems (NASDAQ:CDNS) and CrowdStrike (NASDAQ:CRWD) are both large-cap computer and technology companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, community ranking, earnings, analyst recommendations, institutional ownership, profitability, dividends, risk and media sentiment.

Cadence Design Systems received 107 more outperform votes than CrowdStrike when rated by MarketBeat users. Likewise, 71.21% of users gave Cadence Design Systems an outperform vote while only 68.34% of users gave CrowdStrike an outperform vote.

CompanyUnderperformOutperform
Cadence Design SystemsOutperform Votes

569

71.21%

Underperform Votes

230

28.79%

CrowdStrikeOutperform Votes

462

68.34%

Underperform Votes

214

31.66%

Cadence Design Systems has a beta of 1.04, indicating that its stock price is 4% more volatile than the S&P 500. Comparatively, CrowdStrike has a beta of 1.08, indicating that its stock price is 8% more volatile than the S&P 500.

Cadence Design Systems has higher revenue and earnings than CrowdStrike. Cadence Design Systems is trading at a lower price-to-earnings ratio than CrowdStrike, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cadence Design Systems$4.09B20.79$1.04B$3.8481.28
CrowdStrike$3.06B30.51$89.33M$0.53727.25

In the previous week, CrowdStrike had 38 more articles in the media than Cadence Design Systems. MarketBeat recorded 54 mentions for CrowdStrike and 16 mentions for Cadence Design Systems. Cadence Design Systems' average media sentiment score of 0.92 beat CrowdStrike's score of 0.74 indicating that Cadence Design Systems is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cadence Design Systems

10 Very Positive mention(s)

1 Positive mention(s)

2 Neutral mention(s)

0 Negative mention(s)

0 Very Negative mention(s)

Positive
CrowdStrike

34 Very Positive mention(s)

3 Positive mention(s)

11 Neutral mention(s)

0 Negative mention(s)

0 Very Negative mention(s)

Positive

Cadence Design Systems has a net margin of 25.68% compared to CrowdStrike's net margin of 4.01%. Cadence Design Systems' return on equity of 32.44% beat CrowdStrike's return on equity.

Company Net Margins Return on Equity Return on Assets
Cadence Design Systems25.68% 32.44% 19.18%
CrowdStrike 4.01%7.39%2.63%

84.9% of Cadence Design Systems shares are owned by institutional investors. Comparatively, 71.2% of CrowdStrike shares are owned by institutional investors. 2.0% of Cadence Design Systems shares are owned by insiders. Comparatively, 4.3% of CrowdStrike shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Cadence Design Systems presently has a consensus target price of $331.11, indicating a potential upside of 6.09%. CrowdStrike has a consensus target price of $375.61, indicating a potential downside of 2.55%. Given Cadence Design Systems' higher probable upside, research analysts plainly believe Cadence Design Systems is more favorable than CrowdStrike.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cadence Design Systems

0 Sell rating(s)

2 Hold rating(s)

7 Buy rating(s)

0 Strong Buy rating(s)

2.78
CrowdStrike

0 Sell rating(s)

1 Hold rating(s)

37 Buy rating(s)

1 Strong Buy rating(s)

3.00

Summary

Cadence Design Systems beats CrowdStrike on 11 of the 19 factors compared between the two stocks.

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Cadence Design Systems (CDNS) Competitors and Alternatives 2024 (3)

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding CDNS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.

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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.

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CDNS vs. The Competition

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MetricCadence Design SystemsPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$85.02B$22.85B$22.53B$8.40B
Dividend YieldN/A1.98%2.69%4.04%
P/E Ratio81.2875.53258.8018.08
Price / Sales20.797.64551.2279.93
Price / Cash69.2068.9331.1431.32
Price / Book24.958.806.564.22
Net Income$1.04B$364.93M$629.45M$216.24M
7 Day Performance6.01%-0.29%-0.51%-0.47%
1 Month Performance6.48%-6.03%-1.46%-2.38%
1 Year Performance31.26%0.88%11.26%2.11%

Cadence Design Systems Competitors List

Export to Excel

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CRWDCrowdStrike4.0549 of 5 stars$387.37
+0.7%
$375.61
-3.0%
+150.3%$93.03B$3.28B730.907,925
PLTRPalantir Technologies1.7752 of 5 stars$23.77
-0.3%
$20.65
-13.1%
+48.2%$52.93B$2.23B198.103,735
DDOGDatadog4.5909 of 5 stars$119.11
+3.7%
$137.50
+15.4%
+22.4%$39.84B$2.13B372.225,200Analyst Forecast
Insider Selling
EAElectronic Arts3.9002 of 5 stars$135.63
-0.8%
$147.00
+8.4%
+6.3%$36.13B$7.56B28.9813,700Short Interest ↑
CRMSalesforce4.9523 of 5 stars$235.71
-2.2%
$292.79
+24.2%
+10.7%$228.40B$34.86B42.3972,682Insider Selling
ADBEAdobe4.7836 of 5 stars$459.87
-0.6%
$600.97
+30.7%
+9.5%$206.02B$19.94B43.9629,945Earnings Report
Analyst Downgrade
Short Interest ↓
Analyst Revision
News Coverage
Gap Up
INTUIntuit4.9378 of 5 stars$592.22
+4.5%
$679.41
+14.7%
+33.5%$165.56B$14.37B54.6318,200Analyst Forecast
Insider Selling
Short Interest ↑
SNPSSynopsys4.4571 of 5 stars$590.89
+1.9%
$616.18
+4.3%
+32.3%$90.54B$5.84B64.2320,300Insider Selling
Positive News
WDAYWorkday4.9744 of 5 stars$210.93
-1.5%
$283.96
+34.6%
-3.6%$55.90B$7.26B38.0118,800Short Interest ↑
ADSKAutodesk4.3474 of 5 stars$223.02
+5.4%
$269.05
+20.6%
+5.8%$48.06B$5.50B52.9713,700Earnings Report
Analyst Forecast
Short Interest ↑
Analyst Revision
High Trading Volume

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Cadence Design Systems (CDNS) Competitors and Alternatives 2024 (2024)

FAQs

Cadence Design Systems (CDNS) Competitors and Alternatives 2024? ›

Cadence Design Systems competitors include Synopsys Inc, ANSYS INC, Atrenta and Axcelis Technologies.

Who is the competitor of Cadence Design Systems? ›

Cadence Design Systems competitors include Synopsys Inc, ANSYS INC, Atrenta and Axcelis Technologies.

What is the rank of Cadence Design Systems? ›

Cadence Design Systems
  • RANK3 25 Best Large Workplaces in the Bay Area.
  • RANK737 Fortune 500.
  • RANK9 Fortune 100 Best Companies to Work For.
  • RANK9 World's 25 Best Workplaces.
  • RANK72 100 Best Large Workplaces for Millennials.
Jun 4, 2024

Is Cadence Design Systems a good buy? ›

Cadence Design Systems has a consensus rating of Strong Buy which is based on 6 buy ratings, 1 hold ratings and 0 sell ratings.

What is the market share of Cadence Design Systems? ›

Cadence Design Systems has market share of 69.51% in creative-design-services market. Cadence Design Systems competes with 2 competitor tools in creative-design-services category. The top alternatives for Cadence Design Systems creative-design-services tool are Palantir with 21.12%, Kudoboard with 9.37% market share.

Which company is better Cadence or Synopsys? ›

Cadence's ROIs are slightly better due to a more organic growth strategy. Synopsys is basically debt-free, and Cadence maintains a very manageable debt load that is under 30% of equity (very safe territory). Put simply, neither company is clearly better than the other when it comes to leadership or financial strength.

Does Cadence Design Systems pay well? ›

The average Cadence Design Systems hourly pay ranges from approximately $22 per hour (estimate) for a Food Service Worker to $121 per hour (estimate) for a Machine Learning. Cadence Design Systems employees rate the overall compensation and benefits package 3.9/5 stars.

How much does a VP at Cadence Design Systems make? ›

The average Vice President base salary at Cadence Design Systems is $232K per year.

Who is Cadence owned by? ›

The ownership structure of Cadence Design (CDNS) stock is a mix of institutional, retail and individual investors. Approximately 52.43% of the company's stock is owned by Institutional Investors, 4.46% is owned by Insiders and 43.11% is owned by Public Companies and Individual Investors.

How big is Cadence Design Systems? ›

Cadence Design Systems is a public company headquartered in California with an estimated 9,300 employees.

What is the stock forecast for Cadence Design Systems 2025? ›

Cadence Design Systems Stock Prediction 2025

The Cadence Design Systems stock prediction for 2025 is currently $ 423.99, assuming that Cadence Design Systems shares will continue growing at the average yearly rate as they did in the last 10 years.

What is Cadence Design Systems known for? ›

Cadence is a pivotal leader in computational software, delivering software, hardware, and IP that our customers use to turn design concepts into reality for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial, and life sciences.

What companies use Cadence software? ›

Some notable Cadence include Airbnb, DoorDash, Lyft, Peloton, Calendly, Greenhouse, LumApps, SeatGeek, Splunk, and Unity. Cadence is popular among high-growth technology companies and consumer brands across software, ecommerce, travel, and more.

What company is similar to Cadence? ›

Best Paid & Free Alternatives to Cadence
  • Cvent.
  • vFairs.
  • RingCentral Events.
  • Whova.
  • Airmeet - Virtual Events & Webinar Platform.
  • Webex Events (formerly Socio)
  • BigMarker.
  • Influitive.

What is the Ebitda of Cadence Design Systems? ›

Cadence Design Systems 2023 annual EBITDA was $1.398B, a 15.81% increase from 2022. Cadence Design Systems 2022 annual EBITDA was $1.207B, a 30.81% increase from 2021. Cadence Design Systems 2021 annual EBITDA was $0.923B, a 16.45% increase from 2020.

Is Cadence a big company? ›

Cadence had 9,300 employees and annual revenue of $3 billion in 2021.

What kind of company is Cadence Design Systems? ›

Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware, and IP that turn design concepts into reality.

Who are the competitors of mortgage cadence? ›

The top three of Accenture Mortgage Cadence's competitors in the Loan Origination category are Plaid with 82.24%, Ellie Mae with 6.31%, LendingPad with 4.26% market share.

Who are Siemens EDA competitors? ›

Top Competitors and Alternatives of Siemens EDA

The top three of Siemens EDA's competitors in the Build Automation category are Pantheon with 48.29%, Apache Maven with 18.96%, Gradle with 8.95% market share.

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