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Avalara Inc. (AVLR) and Cadence Design Systems Inc. (NASDAQ:CDNS) Comparison side by side

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We will be contrasting the differences between Avalara Inc. (NYSE:AVLR) and Cadence Design Systems Inc. (NASDAQ:CDNS) as far as dividends, analyst recommendations, profitability, risk, institutional ownership, earnings and valuation are concerned. The two businesses are rivals in the Application Software industry.

Valuation & Earnings

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Avalara Inc. 74 5.71 66.32M -1.04 0.00
Cadence Design Systems Inc. 66 2.95 275.46M 1.50 49.14

Demonstrates Avalara Inc. and Cadence Design Systems Inc. earnings per share (EPS), gross revenue and valuation.

Profitability

Table 2 provides us the return on assets, return on equity and net margins of both businesses.

Net Margins Return on Equity Return on Assets
Avalara Inc. 90,023,075.88% -51.2% -20.2%
Cadence Design Systems Inc. 414,786,929.68% 31.9% 17.2%

Liquidity

Avalara Inc. has a Current Ratio of 1.1 and a Quick Ratio of 1.1. Competitively, Cadence Design Systems Inc.’s Current Ratio is 1.6 and has 1.5 Quick Ratio. Cadence Design Systems Inc.’s better ability to pay short and long-term obligations than Avalara Inc.

Analyst Ratings

The table given features the ratings and recommendations for Avalara Inc. and Cadence Design Systems Inc.

Sell Ratings Hold Ratings Buy Ratings Rating Score
Avalara Inc. 0 0 7 3.00
Cadence Design Systems Inc. 0 2 1 2.33

Avalara Inc.’s upside potential is 41.12% at a $93.63 consensus target price. On the other hand, Cadence Design Systems Inc.’s potential upside is 10.52% and its consensus target price is $72.5. Based on the analysts opinion we can conclude, Avalara Inc. is looking more favorable than Cadence Design Systems Inc.

Institutional and Insider Ownership

Avalara Inc. and Cadence Design Systems Inc. has shares owned by institutional investors as follows: 71.5% and 91.2%. About 4.2% of Avalara Inc.’s share are owned by insiders. Competitively, insiders own roughly 1.1% of Cadence Design Systems Inc.’s shares.

Performance

Here are the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
Avalara Inc. -1.81% 7.82% 40.36% 105.19% 101.68% 161.57%
Cadence Design Systems Inc. -2.48% 0.76% 7.83% 55.67% 68.32% 69.99%

For the past year Avalara Inc. has stronger performance than Cadence Design Systems Inc.

Summary

Cadence Design Systems Inc. beats Avalara Inc. on 8 of the 13 factors.

Avalara, Inc. provides transaction tax compliance cloud-based solutions worldwide. It offers a suite of compliance solutions that enable businesses to address the complexity of transaction tax compliance; process transactions in real time; produce detailed records of transaction tax determinations; and reduce errors, audit exposure, and total transaction tax compliance costs. The company’s solutions include AvaTax, a solution for determining sales tax in the United States; Avalara Returns for tax return preparation, filing, and remittance; and Avalara Compliance Document Management solution, which creates, validates, stores, and manages sales tax exemption and reseller certificates. It also provides professional services, including nexus studies and analysis, voluntary compliance initiatives, tax registrations, and specialized tax research; MatrixMaster, a product taxability database for retail operations; Avalara CloudConnect, a hardware device; VAT Expert, a web-based solution that checks the validity of customer and supplier VAT numbers and provides VAT determinations in the form of invoices; and Brazilian tax compliance solutions that address the Brazilian transaction tax regimes. The company was formerly known as Advantage Solutions, Inc. and changed its name to Avalara, Inc. in December 2005. Avalara, Inc. was incorporated in 1999 and is headquartered in Seattle, Washington.

Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide. It offers functional verification, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Incisive, a functional verification platform; and Palladium, a verification computing platform. The company also provides digital integrated circuit (IC) design products, such as logic design products for chip planning, design, verification, and test technologies and services; physical implementation tools, including place and route, signal integrity, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry, as well as design for manufacturing products for use in the product development process. In addition, it offers custom IC design and verification products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and RF designs; and system interconnect design products to develop printed circuit boards and IC packages. Further, the company provides design IP products consisting of pre-verified and customizable functional blocks to integrate into customerÂ’s system-on-chips; and VIP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company was founded in 1988 and is headquartered in San Jose, California.

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