Cadence Design Systems, Inc. (CDNS)
| Market Cap | 85.05B |
| Revenue (ttm) | 4.87B |
| Net Income (ttm) | 1.08B |
| Shares Out | 273.04M |
| EPS (ttm) | 3.94 |
| PE Ratio | 79.06 |
| Forward PE | 44.85 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 308,506 |
| Open | 308.15 |
| Previous Close | 308.15 |
| Day's Range | 307.88 - 311.08 |
| 52-Week Range | 221.56 - 328.99 |
| Beta | 1.14 |
| Analysts | Buy |
| Price Target | 322.92 (+3.67%) |
| Earnings Date | Apr 28, 2025 |
About CDNS
Cadence Design Systems, Inc. provides software, hardware, and other services worldwide. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. It also provides digital IC design and sign off products, including Genus synthesis and Joules RTL power solutions, as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physica... [Read more]
Financial Performance
In 2024, Cadence Design Systems's revenue was $4.64 billion, an increase of 13.48% compared to the previous year's $4.09 billion. Earnings were $1.06 billion, an increase of 1.38%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for CDNS stock is "Buy." The 12-month stock price forecast is $322.92, which is an increase of 3.67% from the latest price.
News
Cadence Design's Q1: Backlog Capitulation
Cadence Design Systems reported strong Q1 FY25 earnings, with revenue growth over 20%, driven by Core EDA and robust IP business momentum. AI, chiplet-based designs, and foundry ecosystem expansions a...
Cadence Expands Design IP Portfolio Optimized for Intel 18A and Intel 18A-P Technologies, Advancing AI, HPC and Mobility Applications
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #cdns--Cadence expanded its design IP portfolio optimized for Intel 18A/18A-P technologies and announced EDA tool certification on the latest Intel 18A PDK.
Cadence Design Systems, Inc. (CDNS) Q1 2025 Earnings Call Transcript
Cadence Design Systems, Inc. (NASDAQ:CDNS) Q1 2025 Earnings Conference Call April 28, 2025 5:00 PM ET Company Participants Richard Gu - VP of IR Anirudh Devgan - President and CEO John Wall - SVP and...
Chip design software maker Cadence raises annual forecasts on steady AI demand
Cadence Design Systems raised its forecasts for annual revenue and profit on Monday, betting on resilient demand for its chip design software from semiconductor makers looking to boost production to c...
Cadence Reports First Quarter 2025 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports First Quarter 2025 Financial Results.
Cadence Design Systems: Gaining Ground To Synopsys
Cadence Design Systems has a strong product portfolio, robust R&D investment, and market share gains despite Synopsys' lead. Cadence's market share rose to 35.1% in 2024, narrowing the gap with Synops...
Cadence and TSMC Advance AI and 3D-IC Chip Design with Certified Design Solutions for TSMC's A16 and N2P Process Technologies
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #CDNS--Cadence furthered its longstanding collaboration with TSMC to accelerate time to silicon for 3D-IC and advanced-node technologies.
Cadence Advances AI in the Cloud with Industry-First DDR5 12.8Gbps MRDIMM Gen2 Memory IP System Solution
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #CDNS--Cadence announced the industry's first DDR5 12.8Gbps MRDIMM Gen2 memory IP system solution on the TSMC N3 process, addressing AI processing demands.
Cadence Enables Next-Gen AI and HPC Systems with Industry's Fastest HBM4 12.8Gbps IP Memory System Solution
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #CDNS--Cadence's HBM4 12.8Gbps memory IP solution meets the high memory bandwidth needs of SoCs targeting next-gen AI training and HPC hardware systems.
These Semiconductor Stocks To Face Least Tariffs Impact Compared To Intel
The first-quarter semiconductor earnings parade kicks off with ASML Holding ASML on Wednesday and Taiwan Semiconductor Manufacturing Co TSM on Thursday, followed by the U.S. semi and semicap peers in ...
Cadence to Acquire Arm Artisan Foundation IP Business
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #CDNS--Cadence entered into a definitive agreement with Arm to acquire Arm's Artisan foundation IP business.
21 stocks that Wall Street analysts now think are bargains in this year's worst-performing sector
Investors have had quite a wake-up call to daily volatility in the stock market. As we saw on Monday, the broad indexes can shift to large gains and then back into deep red territory as rumors circula...
Cadence Announces First Quarter 2025 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence (Nasdaq: CDNS) will hold its first quarter 2025 financial results webcast on Monday, April 28, 2025.
As Nvidia and Broadcom Fade, 3 Chip Stocks for AI's Next Stage
Cadence Design, Arm, and Synopsis still present value in the semiconductor sector, Morgan Stanley says.
As Nvidia and Broadcom Fade, Here's Three Chip Stocks for the Next Stage of AI
Chip makers who specialize in semiconductors—after being caught up in optimism about artificial intelligence for the past two years, have had a rough couple of months.
Cadence Accelerates AI-Driven Engineering Design and Science with NVIDIA Grace Blackwell
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #CDNS--Cadence expanded its multi-year collaboration with NVIDIA, focusing on driving advancements in accelerated computing and agentic AI.
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Cadence Design Systems, Inc. (CDNS) Presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)
Cadence Design Systems, Inc. (NASDAQ:CDNS) Morgan Stanley Technology, Media & Telecom Conference March 5, 2025 5:35 PM ET Company Participants Anirudh Devgan - President & Chief Executive Officer Con...
Cadence's Anirudh Devgan to Present at Morgan Stanley Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at Morgan Stanley Conference.
Cadence Design Systems: Still Find It Hard To Justify The Premium Valuation Multiple
I recommend a hold rating for Cadence Design Systems, Inc. due to its high valuation despite strong long-term growth potential. CDNS reported strong Q4 results but provided soft FY25 guidance, indicat...
Cadence Design Systems Q4: Record Backlog, But The Stock Is Overvalued
I reiterate a “Sell” rating on Cadence Design Systems, Inc. with a one-year price target of $250 per share, citing overvaluation concerns. Despite 26.8% revenue growth and 35.4% operating profit growt...
Cadence Design Stock Drops Despite Strong Q4, Analysts See Upside
Shares of Cadence Design Systems Inc CDNS were trading lower on Wednesday, despite the company reporting upbeat fourth-quarter results.
Cadence Design Systems, Inc. (CDNS) Q4 2024 Earnings Call Transcript
Cadence Design Systems, Inc. (NASDAQ:CDNS) Q4 2024 Earnings Conference Call February 18, 2025 5:00 PM ET Company Participants Richard Gu - VP of IR Anirudh Devgan - President and CEO John Wall - SVP ...
Cadence Reports Fourth Quarter and Fiscal Year 2024 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Fourth Quarter and Fiscal Year 2024 Financial Results.
MediaTek Adopts AI-Driven Cadence Virtuoso Studio and Spectre Simulation on NVIDIA Accelerated Computing Platform for 2nm Designs
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #Cadence--MediaTek adopted the AI-driven Cadence Virtuoso Studio and Spectre X Simulator on the NVIDIA accelerated computing platform for its 2nm developmen...