Cadence Design Systems, Inc. (CDNS)
|Net Income (ttm)||957.64M|
|Day's Range||256.95 - 259.62|
|52-Week Range||154.88 - 279.33|
|Price Target||259.10 (-0.14%)|
|Earnings Date||Oct 23, 2023|
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]
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 Statements
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 -0.14% from the latest price.
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.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at Nasdaq Investor Conference.
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's Anirudh Devgan to Present at UBS Global Technology Conference.
The stock market indices have been declining since August, along with most stocks. The sell-off has been accelerating in the latter part of October.
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.
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...
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Third Quarter 2023 Financial Results.
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.
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.
SAN JOSE, Calif. & ROCKVILLE, Md.--(BUSINESS WIRE)---- $CDNS--Cadence has completed its acquisition of Intrinsix Corporation from CEVA.
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 (...
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...
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
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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.
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...
Cadence Design Systems Inc. shares fell in the extended session Monday following a forecast that fell short of Wall Street expectations, even after the electronic systems design company raised it for ...
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports Second Quarter 2023 Financial Results.