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CDNS
CADENCE DESIGN SYS INC
Information Technology · Application Software
$287.58
-0.71%
Vol: 0.0M
Araverus Market Read
Thursday, March 19, 2026
Cadence Design Systems strengthens AI chip design leadership with $2.7B Hexagon acquisition and NVIDIA expansion.
Cadence shares popped on earnings beat and custom chip optimism on February 18, 2026, with stock trading at $289.64 on March 18, down 0.45 in after-hours. Company acquired Hexagon division for $2.7B and expanded NVIDIA partnership, strengthening AI and system design position. Stock shows modest overnight weakness, though next earnings report on April 27 remains key catalyst.
Price 50d 200d
Previous Market Reads
2 of 2 daysSector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NVDANVIDIA | $178.50 | -1.18% | -3.5% | 16.1x | 2.38 | $4.34T |
| AAPLAPPLE | $248.91 | -0.51% | -5.7% | 26.7x | 1.12 | $3.66T |
| MSFTMICROSOFT | $389.28 | -0.64% | -1.8% | 20.6x | 1.11 | $2.89T |
| AVGOBROADCOM | $319.77 | +1.12% | -3.8% | 18.1x | 1.26 | $1.52T |
| MUMICRON | $444.60 | -3.71% | +11.1% | 4.7x | 1.54 | $500.0B |
| ORCLORACLE | $155.66 | +1.81% | +1.0% | 19.5x | 1.65 | $447.3B |
| PLTRPALANTIR | $155.70 | +1.88% | +17.0% | 83.4x | 1.74 | $372.3B |
| AMDADVANCED | $205.36 | +2.96% | +1.1% | 19.1x | 2.02 | $334.7B |
| CSCOCISCO | $78.50 | +1.06% | +2.2% | 17.4x | 0.83 | $310.2B |
Fundamentals
Market Cap$79.3B
P/E (TTM)71.0
Forward P/E30.6
Beta1.02
Div Yield—
Prev Close$289.64
RSI (14-Day)
34Neutral
0305070100
52-Week Range
$221.56$287.58$376.45
From High-23.6%
From Low+29.8%
Moving Averages
50d SMA
$300.56-4.3%
200d SMA
$322.78-10.9%
Price below 200d MA — bearish structure.
Returns
1W
-0.9%
1M
-5.7%
3M
-10.0%
6M
-17.2%
1Y
+13.3%
YTD
-7.3%
Volume
Today17K
20d Avg2.5M
Ratio0.01x