Cadence Design Systems, Inc. (CDNS)
| Market Cap | 86.30B |
| Revenue (ttm) | 4.08B |
| Net Income (ttm) | 1.05B |
| Shares Out | 272.42M |
| EPS (ttm) | 3.84 |
| PE Ratio | 82.49 |
| Forward PE | 50.47 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,303,516 |
| Open | 314.06 |
| Previous Close | 310.92 |
| Day's Range | 310.98 - 317.28 |
| 52-Week Range | 217.77 - 328.99 |
| Beta | 1.04 |
| Analysts | Buy |
| Price Target | 334.89 (+5.72%) |
| Earnings Date | Jul 22, 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 2023, CDNS's revenue was $4.09 billion, an increase of 14.83% compared to the previous year's $3.56 billion. Earnings were $1.04 billion, an increase of 22.64%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for CDNS stock is "Buy." The 12-month stock price forecast is $334.89, which is an increase of 5.72% from the latest price.
News
Cadence Expands System IP Portfolio with Network on Chip to Optimize Electronic System Connectivity
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence expanded its system IP portfolio with the addition of the Cadence Janus Network-on-Chip (NoC) for better PPA faster and with lower risk.
Cadence and Intel Foundry Collaborate on Systems Foundry Enablement for the AI Era
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence achieved several key milestones in its strategic partnership with Intel Foundry, spanning 3D-IC enablement, EDA flows and IP development.
Cadence and Samsung Foundry Accelerate Chip Innovation for Advanced AI and 3D-IC Applications
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence's broad and close collaboration with Samsung Foundry includes technology advancements to accelerate design for AI and 3D-IC semiconductors.
Cadence's John Wall to Present at Nasdaq Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's John Wall to Present at Nasdaq Conference.
Cadence Completes Acquisition of BETA CAE
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence completed its acquisition of BETA CAE Systems International AG, a leading provider of multi-domain, engineering simulation solutions.
Cadence's John Wall to Present at BofA Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's John Wall to Present at BofA Conference.
Cadence's Anirudh Devgan to Present at Bernstein Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at Bernstein Conference.
Cadence's Anirudh Devgan to Present at J.P. Morgan Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at J.P. Morgan Conference.
Cadence's Nimish Modi to Present at Needham Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Nimish Modi to Present at Needham Conference.
Cadence and TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor Design
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence and TSMC extended their longstanding collaboration by announcing a broad range of innovative technology advancements to accelerate design.
Cadence Reports First Quarter 2024 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports First Quarter 2024 Financial Results.
New Cadence supercomputers aim to speed creation of chips, software
Cadence Design Systems on Wednesday introduced the latest version of supercomputer based around a custom computing chip designed to speed up the creation of other computing chips and the software that...
Cadence Announces First Quarter 2024 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its first quarter 2024 financial results webcast on Monday, April 22, 2024.
Semi stocks will continue to bifurcate in performance, says James Cakmak
James Cakmak, Clockwise Capital Partner, discusses the recent run-up in semiconductor stocks.
Cadence exec on Nvidia partnership and AI: 'We are standing at the cusp of a revolution'
Chip giant Nvidia (NVDA) — currently showcasing its latest semiconductor and AI products at its 2024 GTC event — will be expanding its partnership with software company Cadence Design Systems (CDNS), ...
Revolutionary Cadence Reality Digital Twin Platform to Transform Data Center Design for the AI Era
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence introduced the industry's first comprehensive AI-driven digital twin solution to facilitate sustainable data center design and modernization.
Cadence and NVIDIA Unveil Groundbreaking Generative AI and Accelerated Compute-Driven Innovations
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced an expansion of its collaboration with NVIDIA, unveiling solutions to reinvent design using accelerated computing and generative AI.
AI talk is surging during company earnings calls — and so are those companies' shares
Company executives in the fourth quarter produced the second-highest amount of talk about artificial intelligence for any quarter in at least a decade, according to a tally from FactSet.
Cadence Collaborates with Arm to Jumpstart the Automotive Chiplet Ecosystem
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence is collaborating with Arm to jumpstart the automotive chiplet ecosystem with an ADAS reference design and software development platform.
Cadence Buys BETA CAE Systems in $1.24 Billion Deal
Cadence Design Systems (CDNS) said Tuesday it will acquire BETA CAE Systems for $1.24 billion in cash and stock.
Cadence to buy BETA CAE for $1.24 billion
Cadence Design Systems Inc (NASDAQ: CDNS) opened in the red on Tuesday after announcing plans of buying BETA CAE Systems International for $1.24 billion. Why is Cadence buying BETA CAE?
Cadence to Acquire BETA CAE, Expanding into Structural Analysis
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence entered into a definitive agreement to acquire BETA CAE, a leading system analysis platform provider of engineering simulation solutions.
Cadence Expands Tensilica Vision Family with Radar Accelerator and New DSPs Optimized for Automotive Applications
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence expanded its Tensilica IP portfolio to address the growing computational requirements associated with automotive sensor fusion applications.
Intel and Cadence Expand Partnership to Enable Best-in-Class SoC Design on Intel's Advanced Processes
SANTA CLARA, Calif. & SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--IFS and Cadence entered into a multiyear agreement to jointly develop customized IP, optimized design flows and techniques for Intel ...