Cadence Design Systems, Inc. (CDNS)
| Market Cap | 74.10B |
| Revenue (ttm) | 3.92B |
| Net Income (ttm) | 957.64M |
| Shares Out | 272.06M |
| EPS (ttm) | 3.51 |
| PE Ratio | 77.60 |
| Forward PE | 47.58 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 818,584 |
| Open | 273.44 |
| Previous Close | 273.24 |
| Day's Range | 270.86 - 274.72 |
| 52-Week Range | 154.88 - 279.33 |
| Beta | 1.05 |
| Analysts | Strong Buy |
| Price Target | 259.10 (-4.87%) |
| Earnings Date | Feb 12, 2024 |
About CDNS
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including ... [Read more]
Financial Performance
In 2022, CDNS's revenue was $3.56 billion, an increase of 19.19% compared to the previous year's $2.99 billion. Earnings were $848.95 million, an increase of 21.98%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for CDNS stock is "Strong Buy." The 12-month stock price forecast is $259.1, which is a decrease of -4.87% from the latest price.
News
We've very bullish on semiconductors going into 2024, says BofA's Vivek Arya
Vivek Arya, Bank of America senior semiconductor analyst, joins 'Squawk Box' to discuss the state of the semiconductor industry, Micron's quarterly earnings results, industry outlook in 2024, and more...
Cadence AI-Driven Multiphysics System Analysis Solution Enables Wistron to Dramatically Accelerate Product Development
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Wistron has adopted and deployed the new Cadence AI-driven electromagnetic (EM) in-design analysis workflow to design a complex 800G network switch.
Cadence Partners with Antiviral Discovery Consortium to Spearhead Rapid Development of Treatments for Viral Pandemics
SANTA FE, N.M.--(BUSINESS WIRE)---- $CDNS--Cadence Molecular Sciences (OpenEye) will provide molecular design software to power NIH-funded antiviral discovery consortium's research efforts.
'Ten-bagger' stocks are the 'holy grail': Strategist
As Wall Street weighs whether markets can sustain November's rally, investors are spotting opportunities. eToro Global Markets Strategist Ben Laidler joined Yahoo Finance Live to analyze high-growth "...
The nucleus of the economy is the semiconductor chip, says Virtus Investment's Joe Terranova
Joe Terranova, Virtus Investment Partners chief market strategist, joins 'Power Lunch' to take on the growth versus value debate and offer his market outlook.
Cadence's Anirudh Devgan to Present at Nasdaq Investor Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at Nasdaq Investor Conference.
Cadence's Anirudh Devgan to Present at UBS Global Technology Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at UBS Global Technology Conference.
These Quality Stocks Are Becoming A Deal For Long-Term Investors - Copart (NASDAQ:CPRT)
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Cadence Expands Tensilica IP Portfolio with New HiFi and Vision DSPs for Pervasive Intelligence and Edge AI Inference
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence expanded its Tensilica HiFi and Vision DSP families to address system-level performance and AI requirements with greater energy efficiency.
Cadence Design Systems' stock dips on disappointing guidance
Shares of Cadence Design Systems Inc. CDNS, +0.54%, a maker of electronic-design-automation software, dipped more than 4% Monday after it reported third-quarter earnings that beat Wall Street estimate...
Cadence Reports Third Quarter 2023 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Third Quarter 2023 Financial Results.
Cadence Wins Four 2023 TSMC OIP Partner of the Year Awards
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence announced that it has won four Open Innovation Platform® (OIP) Partner of the Year awards from TSMC for its EDA and IP design solutions.
Cadence Collaborates with Broadcom to Implement AI-Driven Solutions with Impressive Quality of Results
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence announced a collaboration with Broadcom Inc to implement new AI-driven design flows to accelerate delivery of innovative 3nm and 5nm designs.
Imagination Optimizes PPA and Speeds the Delivery of Low-Power GPUs Using AI-Driven Cadence Cerebrus in the OnCloud Platform
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Imagination utilized the AI-driven Cadence® Cerebrus™ Intelligent Chip Explorer and the digital full flow to accelerate delivery of their 5nm GPUs.
Cadence Announces Third Quarter 2023 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its third quarter 2023 financial results webcast on Monday, October 23, 2023.
Cadence Completes Acquisition of Intrinsix
SAN JOSE, Calif. & ROCKVILLE, Md.--(BUSINESS WIRE)---- $CDNS--Cadence has completed its acquisition of Intrinsix Corporation from CEVA.
Cadence Digital and Custom/Analog Design Flows Achieve the Latest TSMC N2 Certification
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced its digital and custom/analog flows have achieved certification for TSMC's latest N2 Design Rule Manual (...
Cadence Expands Support for 3Dblox 2.0 Standard with New System Prototyping Flows
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced the availability of new system prototyping flows based on the Cadence® Integrity™ 3D-IC Platform that sup...
Semiconductor companies are in denial about this sea-change with their biggest customers
The world is experiencing a multi-trillion-dollar shift in the semiconductor industry. The semiconductor revolution (which I have discussed for years) has enabled much of the technological progress we...
Cadence Advances Hyperscale SoC Design with Expanded IP Portfolio for TSMC N3E Process Featuring Next-Generation 224G-LR SerDes IP
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence expanded its design IP portfolio on TSMC's 3nm (N3E) process, which now includes the 224G Long-Reach SerDes PHY IP for hyperscale SoC design.
Cadence Accelerates On-Device and Edge AI Performance and Efficiency with New Neo NPU IP and NeuroWeave SDK for Silicon Design
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The new Cadence Neo NPUs and NeuroWeave software development kit for silicon designers address escalating demand for on-device and edge AI processing.
5 Stocks to Sell Before Labor Day
These stocks look overpriced according to our price/fair value estimates Timestamps 00:00 Introduction 00:28 Hess HES 01:16 Oracle ORCL 01:44 Cadence Design Systems CDNS 02:28 Old Dominion Freight Lin...
Cadence Advances Pervasive Intelligence at the Edge with Next-Generation Extensible Tensilica Processor Platform
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The new Cadence Tensilica Xtensa LX8 processor platform addresses increasing system-level performance and AI requirements of processor-based SoCs.
There's A Buying Opportunity Opening Up With Cadence Design
Cadence Design Systems Inc NASDAQ: CDNS is a stock that we've heard about more and more recently, helped no doubt by its 55% run since the start of the year. The San Jose headquartered company produce...