Cadence Design Systems, Inc. (CDNS)
| Market Cap | 77.94B |
| Revenue (ttm) | 4.09B |
| Net Income (ttm) | 1.04B |
| Shares Out | 272.60M |
| EPS (ttm) | 3.82 |
| PE Ratio | 74.84 |
| Forward PE | 47.29 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,691,363 |
| Open | 295.05 |
| Previous Close | 293.71 |
| Day's Range | 282.60 - 296.24 |
| 52-Week Range | 194.01 - 327.36 |
| Beta | 1.03 |
| Analysts | Strong Buy |
| Price Target | 320.11 (+11.97%) |
| Earnings Date | Apr 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 10 analysts, the average rating for CDNS stock is "Strong Buy." The 12-month stock price forecast is $320.11, which is an increase of 11.97% from the latest price.
News
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 ...
Cramer's Stop Trading: Cadence Design Systems
CNBC's Jim Cramer explains why he is keeping an eye on shares of Cadence Design Systems.
CDNS, ANET: Earnings Review
Cadence Design Systems (CDNS) falls after guiding below consensus for 1Q. Nicole Petallides and Kevin Green discuss these earnings along with Arista Networks' (ANET) earnings.
Cadence Design expects lower first-quarter revenue as hardware sales normalize
Cadence Design Systems forecast a decline in revenue for the first quarter as its hardware sales were up against tough comparisons from a year earlier, where it ramped up shipments to clear order back...
Cadence Reports Fourth Quarter and Fiscal Year 2023 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Fourth Quarter and Fiscal Year 2023 Financial Results.
Cadence Unveils Millennium Platform—Industry's First Accelerated Digital Twin Delivering Unprecedented Performance and Energy Efficiency
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The Cadence Millennium Platform is the industry's first hardware/software accelerated digital twin for multiphysics system design and analysis.
Cadence Significantly Advances ECAD/MCAD Convergence for Electronic Systems with New Celsius Studio AI Thermal Platform
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence announced Celsius Studio, the industry's first complete AI thermal design and analysis solution for electronic systems.
Cadence Acquires Invecas to Accelerate System Realization
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) announced today that it has acquired Invecas, Inc., a leading provider of design engineering, embedded software and syste...
Cadence Announces Fourth Quarter and Fiscal Year 2023 Financial Results Webcast
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its fourth quarter and fiscal year 2023 financial results webcast on Monday, February 12, 2024.
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.