(NASDAQ: CDNS) Cadence Design Systems's forecast annual revenue growth rate of 7.77% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 10.17%, and while it is forecast to beat the US market's average forecast revenue growth rate of 6.46%.
Cadence Design Systems's revenue in 2023 is $3,921,240,000.On average, 6 Wall Street analysts forecast CDNS's revenue for 2023 to be $1,112,329,839,992, with the lowest CDNS revenue forecast at $1,110,012,960,000, and the highest CDNS revenue forecast at $1,117,924,522,960. On average, 6 Wall Street analysts forecast CDNS's revenue for 2024 to be $1,233,630,587,126, with the lowest CDNS revenue forecast at $1,195,848,521,000, and the highest CDNS revenue forecast at $1,274,596,866,900.
In 2025, CDNS is forecast to generate $1,371,565,749,064 in revenue, with the lowest revenue forecast at $1,291,396,695,400 and the highest revenue forecast at $1,445,723,864,900.