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Cadence Design Systems, Inc.

CDNSNASDAQ
Technology
Software - Application
$308.15
$0.00(0.00%)

Cadence Design Systems, Inc. (CDNS) Stock Overview

Explore Cadence Design Systems, Inc.’s financial performance, market position, analyst ratings, and future outlook.

Meyka AI Score

B+

Score: 77.0/100

Key Financials

Market Cap84.5B
P/E Ratio77.93
EPS (TTM)$3.95
ROE0.22%
Fundamental Analysis

AI Price Forecasts

1 Week$277.65
1 Month$307.86
3 Months$281.88
1 Year Target$330.14

CDNS Stock Analysis & Investment Overview

Our comprehensive AI-powered analysis of Cadence Design Systems, Inc. (CDNS) provides investors with deep insights into the stock's performance, growth potential, and market positioning. With a Meyka AI Score of B+, this stock demonstrates moderate investment characteristics based on our advanced machine learning models.

Our forecasting models predict significant price movements, with a 12-month target of $330.14.

Key financial metrics showcase the company's fundamental strength, including a P/E ratio of 77.93 and a market capitalization of 84.5B. These metrics, combined with our AI analysis, provide a comprehensive view for both institutional and retail investors.

Revenue Growth
13.48%
13.48%
Profit Growth
$3.98
1.38%
EPS Growth
$3.98
0.78%
Operating Margin
30.00%
7.96%
ROE
22.02%
1.38%
Dividend Yield
0.00%

Analyst Recommendations

Strong Buy
0
Buy
5
Hold
0
Sell
1
Strong Sell
0

Price Targets

Low$225.00
Average$320.40
High$360.00

Company Profile

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 Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

CEO

Anirudh Devgan

Employees

12,837

Headquarters

Building 5, San Jose, CA

Founded

1987

Frequently Asked Questions

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