Cadence Design Systems stock: Wall Street Zen cuts Cadence Design Systems stock to Hold
Published on 10/20/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCadence rating changes on October 20
- Wall Street Zen downgraded Cadence Design Systems from Buy to Hold on October 20, 2026.
- Cadence will host its third-quarter 2026 results webcast on October 26, 2026.
- Cadence Design Systems stock costs EUR 287.95 at Lang & Schwarz on October 20, 2026 at 4:32 p.m. CEST, down 1.20 percent versus the Xetra close.
- The company carries a USD 89.1 billion market capitalization and a 51.87 price-to-earnings ratio.
Cadence Design Systems (ISIN US1273871087) faced a fresh rating cut on October 20, 2026, when MarketBeat reported that Wall Street Zen downgraded the stock from Buy to Hold. At Lang & Schwarz on October 20, 2026 at 4:32 p.m. CEST, the stock was trading at EUR 287.95, down 1.20 percent versus the Xetra close of October 19, 2026 at EUR 291.45.
Results arrive October 26
The next scheduled corporate event is Cadence's third-quarter 2026 results webcast. In a release dated October 5, 2026, Cadence set the webcast for October 26, 2026, at 2:00 p.m. Pacific Time. The date gives investors a defined checkpoint after the rating change.
Price remains below the yearly high
The Nasdaq quotation was USD 325.86 at the October 20, 2026 open, while the primary-market 52-week range stood at USD 262.75 to USD 416.69. The Lang & Schwarz euro quotation therefore sits in a separate currency frame from the US range, with the daily comparison anchored to Xetra.
What does valuation show?
Cadence had a market capitalization of USD 89.1 billion and a price-to-earnings ratio of 51.87 on October 20, 2026, according to MarketBeat. For the second quarter of fiscal 2026, revenue reached USD 1.58 billion, up 24.20 percent from the prior-year quarter, while adjusted earnings per share came to USD 2.11 against a USD 2.05 consensus estimate.
Comparison with peers
Cadence Design Systems: down 1.20 percent on October 20, 2026, price-to-earnings ratio 64.35, market capitalization USD 89.1 billion.
Synopsys (Nasdaq, USD): down 1.21 percent on October 20, 2026, price-to-earnings ratio 78.48, market capitalization USD 86.1 billion.
Keysight Technologies (NYSE, USD): up 0.49 percent on October 20, 2026, price-to-earnings ratio 46.39, market capitalization USD 57.5 billion.
The next marker is October 26
The October 26 results date now provides the next hard reference point, while the Hold change adds a fresh counterweight to the broader analyst consensus of Moderate Buy and an average target of USD 404.14 reported by MarketBeat on October 20, 2026. The further course of trading is shown by the continuously updated real-time quote of Cadence Design Systems stock.
Cadence Design Systems market data
- Company: Cadence Design Systems, Inc.
- ISIN: US1273871087
- Ticker: CDNS
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 20, 2026, 4:32 p.m. CEST): EUR 287.95
- Change versus Xetra close: minus 1.20 percent
- Xetra close (October 19, 2026): EUR 291.45
- Market capitalization: USD 89.1 billion (as of October 20, 2026)
- 52-week range: USD 262.75-416.69 (as of October 20, 2026)
- Sector / Industry: Technology / Software - Application
- Next earnings date: October 26, 2026
Market context: Market report S&P 500.
