Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cadence Design Systems, Inc. before investing.

In this article, we go over a few key elements for understanding Cadence Design Systems, Inc.’s stock price such as:

• Cadence Design Systems, Inc.’s current stock price and volume
• Why Cadence Design Systems, Inc.’s stock price changed recently
• Upgrades and downgrades for CDNS from analysts
• CDNS’s stock price momentum as measured by its relative strength

About Cadence Design Systems, Inc. (CDNS)

Before we jump into Cadence Design Systems, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including In novus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI Express, universal accelerator and compute express links, and multiple memory interfaces; and Ten Silica, a digital signal processor. In addition, the company’s design IP portfolio includes serializer/deserializer, peripheral component interconnect, USB, and other standard protocols; and Secure-IC, a solution for embedded security IP. Additionally, it provides System Design and Analysis (SD&A) platform, a solution that enables end-to-end system-level design and verification across chips, packages, PCBs, and electronic systems; Allegro X and Orca X platforms for PCB and advanced packaging; Sigrity X for signal and power integrity; AIR for RF design; Fidelity for computational fluid dynamics; Celsius for thermal and airflow analysis; Clarity 3D solver for electromagnetic and power electronics analysis and simulation; Integrity 3D-IC solution for 3D-IC and multi-chiplet designs; the Optimality Intelligent System Explorer, Reality digital twin, and Millennium enterprise multiphasic platforms; Allegro system design platform; and molecular modeling and simulation solutions and services. The company has a strategic collaboration with NVIDIA. The company was incorporated in 1987 and is headquartered in San Jose, California.

Want to learn more about Cadence Design Systems, Inc.’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Cadence Design Systems, Inc..

Cadence Design Systems, Inc.’s Stock Price as of Market Close

As of May 08, 2026, 10:31 AM, CST, Cadence Design Systems, Inc.’s stock price was $360.755.

Cadence Design Systems, Inc. is up 1.08% from its previous closing price of $356.900.

During the last market session, Cadence Design Systems, Inc.’s stock traded between $353.180 and $362.390. Currently, there are approximately 272.06 million shares outstanding for Cadence Design Systems, Inc..

Cadence Design Systems, Inc.’s price-earnings (P/E) ratio is currently at 83.2, which is high compared to the Software industry median of 34.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cadence Design Systems, Inc. Stock Price History

Cadence Design Systems, Inc.’s (CDNS) price is currently up 9.46% so far this month.

During the month of May, Cadence Design Systems, Inc.’s stock price has reached a high of $362.710 and a low of $334.000.

Over the last year, Cadence Design Systems, Inc. has hit prices as high as $376.445 and as low as $262.749. Year to date, Cadence Design Systems, Inc.’s stock is up 15.41%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Cadence Design Systems, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 07, 2026, there was 1 analyst who downgraded Cadence Design Systems, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Cadence Design Systems, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cadence Design Systems, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cadence Design Systems, Inc.’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cadence Design Systems, Inc. (CDNS) by visiting AAII Stock Evaluator.

Relative Price Strength of Cadence Design Systems, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 07, 2026, Cadence Design Systems, Inc. has a weighted four-quarter relative price strength of 2.17%, which translates to a Momentum Score of 65 and is considered to be Strong.

Want to learn more about how Cadence Design Systems, Inc. is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Cadence Design Systems, Inc. Stock Price: Bottom Line

As of May 8, 2026, Cadence Design Systems, Inc.’s stock price is $360.755, which is up 1.08% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cadence Design Systems, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.