PerpEquities

Equity · Technology

Cadence Design Systems, Inc. (CDNS) perpetual futures

CDNS perpetual futures on 3 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade CDNSUSDT.

Cadence Design Systems provides software, hardware, and IP for IC design, verification, and system analysis, serving sectors like 5G, automotive, and aerospace.

$331.75+1.0%NASDAQ open
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TradingView symbol NASDAQ:CDNS

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Trading data

Perpetual market activity

3/3 live markets
Venues
3
Live markets
3/3
24h volume
$295.9K
Open interest
$3.9MCoverage: 2/3 markets
Best liquidity
$200K
Extended
Tightest spread
+0.6 bps
MEXC
Highest volume
$192.5K
BingX
Settlement mix
USDT · 2/3
Perp/spot vol.
0.00x
Spot volume $687.2M
OI / float
0.00%
Float $90.7B
Spot performance
1D-4.34%
5D+3.44%
1M-6.51%
6M-3.83%
YTD+4.90%
1Y-2.24%

Venue matrix

3 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeCDNS-USDTTrading$331.75-10.2% APR
-0.00930% every 8h		+99.4 bps$14.5K$192.5K-USDT-
MEXCTradeCDNS/USDTTrading$331.75-14.6% APR
-0.013% every 8h		+0.6 bps$90.7K$103.3K$3.9MUSDT20x
ExtendedTradeCDNS/USDTrading$331.75+4.4% APR
+0.00050% every 1h		+11.2 bps$200K$79.7$0USD10x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 3 of 3 venues absorb $10k · Typical cost: +14.4 bps – +79.2 bps

Cheapest execution: Extended · +10.9 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

CDNS
Extended · CDNS/USD$200K

Tightest spread

CDNS
MEXC · CDNS/USDT+0.6 bps

Highest volume

CDNS
BingX · CDNS-USDT$192.5K

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-28 · next report 2027-02-16 · Updated 89h ago
All financials →

Valuation & key figures

Market cap
$94.4B
Updated 89h ago
Revenue
$6.1B
Trailing 12 months
Revenue growth
+21%
Next fiscal year
Profit margin
+22.5%
P/E
67.7
Peer P/E 38.4
P/S
15.4
Peer P/E
38.4
Similar listed perps
Free cash flow
$1.8B
Trailing 12 months
Net income
$1.4B
Trailing 12 months
Revenue estimate
$6.4B
Next fiscal year
Earnings
2027-02-16
Revenue est. $1.7B · Updated 89h ago
Dividend
-
Revenue (TTM)$6.13B+17.6% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)28.9%-2.5 pp vs a year agoOperating income $1.78B
Net income (TTM)$1.38B+30.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$1.76B+19.3% vs a year agoCapex $204M
Diluted EPS (TTM)$5.03+29.6% vs a year agoSum of the last 4 quarters
Net cash-$1.36B-596.3% vs a year agoCash + short-term investments - debt
  • Last report (2026-10-26): revenue beat by 1.3%, EPS beat by 2.9%Revenue $1.63B vs $1.61B expected (+1.3%); EPS $2.11 vs $2.05 (+2.9%).
  • Revenue growth accelerating: 22.0% year on yearQ3 '26 revenue $1.63B, against an average of 14.8% over the four quarters before.
  • Operating margin 28.9% (TTM), -2.5 pp on a year agoOperating income grew 8.1% while revenue grew 17.6%.
  • Capex 3.3% of revenue (a year ago 2.6%)$204M invested in the last 4 quarters (+48.0% on a year earlier). Free cash flow $1.76B = 127.7% of net income.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Product and maintenance$1.49B+23.2%91.1%
Technology Service$146M+11.3%8.9%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 315 lines Cadence Design Systems, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-02-16
Revenue est. $1.7B · Updated 89h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20268.41$6.4B+21%11
FY 20279.85$7.3B+38%15
FY 202811.40$8.2B+55%8
FY 202912.77$9.2B+73%5
FY 203011.27$9.3B+76%5
Q1 20272.16$1.7B+14%5

Company events

6
2027-02-16EarningsActual - / Estimate 2.23-
2026-10-26Earnings · After market closeActual 2.11 / Estimate 2.05Beat
2026-07-27EarningsActual 2.11 / Estimate 2.05Beat
2026-04-27EarningsActual 1.96 / Estimate 1.91Beat
2026-02-17EarningsActual 1.99 / Estimate 1.91Beat
2025-10-27EarningsActual 1.93 / Estimate 1.79Beat

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
ADBE$93.9B3.613.2+28.0%20INTU$92.4B4.320.9+21.3%6ASE$91.2B3.838.4+9.8%1TWASX$91.2B3.838.4+9.8%1CAMBRICON$91.2B53.3124.4+36.5%2NET$98.9B39.4-475.9-8.2%16SNPS$89.6B9.581.2+11.4%13FTNT$99.8B12.743.9+29.0%5

Company data

Company intelligence

Updated: Oct 16, 2026, 09:17 PM UTC

Company profile

Sector
Technology
Industry
Software - Application
Chief executive
Anirudh Devgan
Employees
13,800
IPO date
Jun 10, 1987
Country
US
Exchange
NASDAQ Global Select
Website
Altman Z-scorei12.32
Piotroski scorei4/9
Overall ratingiB-
Owner earningsi$624.24M$2.26 per share
ESG risk ratingiB-Industry rank: 316 out of 321

Rating factors

Return on equityi
4
Return on assetsi
4
Debt to equityi
2
Price to earningsi
1
Price to booki
1

Company press releases

Cadence Announces Third Quarter 2026 Financial Results WebcastBusiness WireCadence Collaborates With TSMC to Deliver Certified Tool Solutions and Industry-Leading, Silicon-Proven UALink IP on TSMC Advanced ProcessesBusiness WireCadence Expands ChipStack AI Super Agent with a New Agent for RTL Generation and Early PPA OptimizationBusiness WireCadence Tensilica IP Powers Analog Devices' Next-Generation DSP ArchitectureBusiness WireCadence's Anirudh Devgan to Present at Goldman Sachs Communacopia + Technology ConferenceBusiness WireCadence Subsystem for PCIe 6.0 Architecture Achieves First-Pass PCI Express Specification ComplianceBusiness Wire

Congressional disclosures

Senate

House

Market cap history
$87.03B-12.3%Jul 26 – Oct 26
$76.19B$87.70B$99.21BHigh: $99.21B · 2026-07-16Low: $76.19B · 2026-09-14Latest: $87.03B · 2026-10-16Jul 26Aug 26Sep 26Oct 26
Latest: $87.03B · 2026-10-16High: $99.21B · 2026-07-16Low: $76.19B · 2026-09-14
Largest fund holders
FundWeightShares held
VTI0.12%8.7M
VOO0.14%7.2M
QQQ0.39%5.8M
SMH2.06%4.3M
IVV0.14%3.7M
XUU.TO0.13%3.7M
FXAIX0.14%3.6M
SPY0.14%3.4M
VUG0.27%3.2M
VCPA.S0.05%2.4M
VGT0.38%2M
XLK0.53%2M

Analyst track record

How the analysts covering CDNS have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings86254
Analysts2024
Buy / hold / sell77 / 9 / 0222 / 26 / 6
Upgrades / downgrades / initiations2 / 0 / 45 / 2 / 14
Price targets hit / missed9 / 70 (11%)86 / 153 (36%)
Avg. return after a rating (TipRanks)-12.0%-2.2%
Best / worst call+24.6% / -27.1%+71.4% / -27.1%

After buy calls on this stock: median 21-day move -0.4% vs S&P 500 -1.6% (n = 215)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Charles ShiNeedham100% hit rate on this stock · 12 targets measuredBuytarget $430Oct 27, 2026
  2. Siti PanigrahiMizuho Securities100% hit rate on this stock · 11 targets measuredBuyno targetSep 23, 2026
  3. Joseph QuatrochiWells Fargo100% hit rate on this stock · 10 targets measuredBuytarget $425Oct 26, 2026

Latest ratings

DateAnalystCallTarget
Oct 26, 2026James SchneiderGoldman SachsBuyMaintained$470article ↗
Oct 27, 2026Vivek AryaBank of America SecuritiesBuyReiterated$420article ↗
Oct 27, 2026Blair AbernethyRosenblatt SecuritiesBuyMaintained$425article ↗
Oct 27, 2026Ruben RoyStifel NicolausBuyMaintained$432article ↗
Oct 27, 2026Charles ShiNeedhamBuyMaintained$430article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$280$300$320$340$360$380$400$420Dec 25 · Buy 15 · Hold 3 · Sell 0Dec 25Jan 26 · Buy 10 · Hold 3 · Sell 0Feb 26 · Buy 12 · Hold 2 · Sell 0Feb 26Mar 26 · Buy 12 · Hold 2 · Sell 0Apr 26 · Buy 12 · Hold 2 · Sell 0Apr 26May 26 · Buy 13 · Hold 2 · Sell 0Jun 26 · Buy 13 · Hold 2 · Sell 0Jun 26Jul 26 · Buy 16 · Hold 2 · Sell 0Aug 26 · Buy 16 · Hold 2 · Sell 0Aug 26Sep 26 · Buy 17 · Hold 2 · Sell 0Oct 26 · Buy 18 · Hold 2 · Sell 0Oct 26Nov 26 · Buy 18 · Hold 2 · Sell 0Dec 25 · avg. target $381Jan 26 · avg. target $379Feb 26 · avg. target $377Mar 26 · avg. target $377Apr 26 · avg. target $377May 26 · avg. target $379Jun 26 · avg. target $386Jul 26 · avg. target $414Aug 26 · avg. target $414Sep 26 · avg. target $412Oct 26 · avg. target $416Nov 26 · avg. target $416Dec 25 · month-end close $313Jan 26 · month-end close $296Feb 26 · month-end close $301Mar 26 · month-end close $278Apr 26 · month-end close $330May 26 · month-end close $375Jun 26 · month-end close $375Jul 26 · month-end close $340Aug 26 · month-end close $339Sep 26 · month-end close $330Oct 26 · month-end close $328Nov 26 · month-end close $328

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Oct 30, 2026 · 86 ratings

Frequently asked questions

Where can I trade CDNS perpetual futures?

Cadence Design Systems, Inc. (CDNS) perpetual futures trade on 3 crypto venues, including BingX, MEXC, Extended. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade CDNS around the clock?

Yes. Unlike the underlying stock, CDNS perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on CDNS perpetuals?

Right now the CDNS perp funding rate is -10.2% annualized (venue median), ranging from -14.6% to +4.4% across 3 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the CDNS perp price compare to the Cadence Design Systems, Inc. stock?

The venue-median CDNS perp mark is $331.8 versus a reference stock price of $331.7, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a CDNS perpetual future?

A CDNS perpetual is a derivative that tracks the price of Cadence Design Systems, Inc. with no expiry date. It lets you take long or short exposure to Cadence Design Systems, Inc. on crypto venues, around the clock.

What is CDNSUSDT perpetual?

CDNSUSDT is the symbol most crypto exchanges use for the Cadence Design Systems, Inc. perpetual settled in USDT (Tether). It tracks the CDNS share price through an index, trades 24/7 with leverage and never expires.

Other Technology perps

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