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Cadence Design Systems Inc.

Logo Cadence Design Systems Inc.

Technology

Computer Software: Prepackaged Software

Nasdaq

as 04-17-2024 1:30pm EST

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Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.

Founded: 1988 Country:
United States
United States
Employees: N/A City: SAN JOSE
Market Cap: 83.4B IPO Year: 1987
Target Price: $317.89 AVG Volume (30 days): 1.5M
Analyst Decision: Strong Buy Number of Analysts: 10
Dividend Yield: N/A Dividend Payout Frequency: N/A
EPS: 3.82 EPS Growth: 23.62
52 Week Low/High: $194.01 - $327.36 Next Earning Date: 04-22-2024
Revenue: $4,089,986,000 Revenue Growth: 14.83%
Revenue Growth (this year): 14.45% Revenue Growth (next year): 13.01%

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