PRGS vs. CDNS
Compare and contrast key facts about Progress Software Corporation (PRGS) and Cadence Design Systems, Inc. (CDNS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRGS or CDNS.
Correlation
The correlation between PRGS and CDNS is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PRGS vs. CDNS - Performance Comparison
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Key characteristics
PRGS:
0.66
CDNS:
0.23
PRGS:
1.31
CDNS:
0.64
PRGS:
1.17
CDNS:
1.08
PRGS:
0.80
CDNS:
0.34
PRGS:
1.89
CDNS:
0.68
PRGS:
11.16%
CDNS:
14.62%
PRGS:
32.47%
CDNS:
41.58%
PRGS:
-67.33%
CDNS:
-93.13%
PRGS:
-11.52%
CDNS:
-2.74%
Fundamentals
PRGS:
$2.72B
CDNS:
$87.52B
PRGS:
$1.27
CDNS:
$3.94
PRGS:
49.72
CDNS:
81.36
PRGS:
2.51
CDNS:
3.37
PRGS:
3.37
CDNS:
17.96
PRGS:
6.29
CDNS:
18.31
PRGS:
$806.74M
CDNS:
$4.87B
PRGS:
$646.52M
CDNS:
$4.56B
PRGS:
$239.96M
CDNS:
$1.64B
Returns By Period
In the year-to-date period, PRGS achieves a -5.08% return, which is significantly lower than CDNS's 5.69% return. Over the past 10 years, PRGS has underperformed CDNS with an annualized return of 10.14%, while CDNS has yielded a comparatively higher 31.92% annualized return.
PRGS
-5.08%
12.78%
-7.85%
21.30%
11.01%
11.09%
10.14%
CDNS
5.69%
26.23%
4.45%
9.46%
29.39%
29.84%
31.92%
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Risk-Adjusted Performance
PRGS vs. CDNS — Risk-Adjusted Performance Rank
PRGS
CDNS
PRGS vs. CDNS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Progress Software Corporation (PRGS) and Cadence Design Systems, Inc. (CDNS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
PRGS vs. CDNS - Dividend Comparison
PRGS's dividend yield for the trailing twelve months is around 0.57%, while CDNS has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRGS Progress Software Corporation | 0.57% | 0.81% | 1.29% | 1.39% | 1.45% | 1.48% | 1.52% | 1.62% | 1.21% | 0.39% |
CDNS Cadence Design Systems, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRGS vs. CDNS - Drawdown Comparison
The maximum PRGS drawdown since its inception was -67.33%, smaller than the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for PRGS and CDNS. For additional features, visit the drawdowns tool.
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Volatility
PRGS vs. CDNS - Volatility Comparison
The current volatility for Progress Software Corporation (PRGS) is 5.40%, while Cadence Design Systems, Inc. (CDNS) has a volatility of 9.55%. This indicates that PRGS experiences smaller price fluctuations and is considered to be less risky than CDNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
PRGS vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Progress Software Corporation and Cadence Design Systems, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PRGS vs. CDNS - Profitability Comparison
PRGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Progress Software Corporation reported a gross profit of 191.78M and revenue of 238.02M. Therefore, the gross margin over that period was 80.6%.
CDNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Cadence Design Systems, Inc. reported a gross profit of 1.19B and revenue of 1.24B. Therefore, the gross margin over that period was 95.9%.
PRGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Progress Software Corporation reported an operating income of 32.43M and revenue of 238.02M, resulting in an operating margin of 13.6%.
CDNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Cadence Design Systems, Inc. reported an operating income of 361.52M and revenue of 1.24B, resulting in an operating margin of 29.1%.
PRGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Progress Software Corporation reported a net income of 10.95M and revenue of 238.02M, resulting in a net margin of 4.6%.
CDNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Cadence Design Systems, Inc. reported a net income of 273.58M and revenue of 1.24B, resulting in a net margin of 22.0%.