Cadence Design Systems, Inc. (CDNS)

AI-powered earnings prediction for Cadence Design Systems, Inc. (CDNS).

322.42
-0.89%
USD, about 18 hours ago
Market Cap
87.31B
Google

Company Overview

Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including In novus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI Express, universal accelerator and compute express links, and multiple memory interfaces; and Ten Silica, a digital signal processor. In addition, the company's design IP portfolio includes serializer/deserializer, peripheral component interconnect, USB, and other standard protocols; and Secure-IC, a solution for embedded security IP. Additionally, it provides System Design and Analysis (SD&A) platform, a solution that enables end-to-end system-level design and verification across chips, packages, PCBs, and electronic systems; Allegro X and Orca X platforms for PCB and advanced packaging; Sigrity X for signal and power integrity; AIR for RF design; Fidelity for computational fluid dynamics; Celsius for thermal and airflow analysis; Clarity 3D solver for electromagnetic and power electronics analysis and simulation; Integrity 3D-IC solution for 3D-IC and multi-chiplet designs; the Optimality Intelligent System Explorer, Reality digital twin, and Millennium enterprise multiphasic platforms; Allegro system design platform; and molecular modeling and simulation solutions and services. The company has a strategic collaboration with NVIDIA. The company was incorporated in 1987 and is headquartered in San Jose, California.

Sector
Technology
Industry
Software - Application
Phone
408 943 1234
Headquarters
Building 5
San Jose, CA, 95134
United States
Full-Time Employees
15,110

Key Metrics

P/E Ratio (TTM)
73.71
Forward P/E
33.72
Price to Book
15.70
Beta
1.04
Profit Margin
21.18%
Gross Margin
86.08%
Return on Equity
20.66%
Return on Assets
10.36%
Earnings Growth
23.00%
Revenue Growth
18.70%

Financial Health

Total Cash
$1.41B
Total Debt
$2.91B
Debt to Equity
44.29
Current Ratio
1.47
Free Cash Flow
$1.36B
Operating Cash Flow
$1.60B

Analyst Recommendations

Target Price (Mean)
$371.53
Target High
$410.00
Target Low
$275.00
Recommendation
strong_buy
Analyst Coverage
27 Analysts

Trading Ideas

Related Stocks

Will CDNS Beat Earnings? AI Prediction next earnings | TradAdvisor