Cadence Design Systems (CDNS) - Stock & Dividends

Exchange: USA Stocks • Country: United States • Currency: USD • Type: Common Stock • ISIN: US1273871087

Software, Hardware, Verification, Design, Simulation, Emulation, Prototyping

Cadence Design Systems, Inc. is a leading provider of innovative solutions for designing and verifying complex electronic systems. The company offers a wide range of products and services that enable customers to develop and bring to market electronic systems, from chips to boards to complete systems.

At the heart of Cadence's offerings are its functional verification solutions, which include JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. These solutions help customers ensure that their designs are accurate, reliable, and meet performance requirements.

In addition to verification, Cadence provides a comprehensive suite of digital IC design and sign-off products, including Genus synthesis and Joules RTL power solutions, as well as Modus DFT software solution to reduce systems-on-chip design-for-test time. The company's physical implementation tools, such as place and route, optimization, and multiple patterning preparation, enable customers to create high-quality, manufacturable designs.

Cadence also offers custom IC design and simulation products that allow customers to create detailed, transistor-level representations of analog, mixed-signal, custom digital, memory, and radio frequency designs. Its system design and analysis products enable customers to develop printed circuit boards and IC packages, as well as analyze electromagnetic, electro-thermal, and other multi-physics effects.

The company's intellectual property (IP) products provide pre-verified and customizable functional blocks that customers can integrate into their ICs. Its verification IP with memory models emulates and models the expected behavior and interaction of standard industry system interface protocols.

In addition to its products, Cadence offers a range of services, including methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves a diverse range of industries, including consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science.

Headquartered in San Jose, California, Cadence Design Systems, Inc. was founded in 1987 and has established itself as a leader in the electronic design automation (EDA) industry. With its innovative solutions and commitment to customer success, Cadence is a trusted partner for companies around the world.

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Drawdown / Underwater Chart for Cadence Design Systems (CDNS) - Stock & Dividends

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Drawdown / Underwater Chart for Cadence Design Systems (CDNS) - Stock & Dividends

CDNS Stock Overview

Market Cap in USD 77,411m
Sector Technology
Industry Software - Application
GiC SubIndustry Application Software
TER 0.00%
IPO / Inception 1987-06-10

CDNS Stock Ratings

Growth 5y 9.08
Fundamental 83.3
Dividend -
Rel. Performance vs Sector -0.04
Analysts 4.25/5
Fair Price Momentum 336.90 USD
Fair Price DCF 110.83 USD

CDNS Dividends

Yield 12m 0.00%
Yield on Cost 5y 0.00%
Dividends CAGR 5y 0.00%
Payout Consistency 0.0%

CDNS Growth Ratios

Growth 12m 38.20%
Growth Correlation 12m 69%
Growth Correlation 3m -40%
CAGR 5y 35.57%
CAGR/Mean DD 5y 4.49
Sharpe Ratio 12m 1.18
Alpha vs SP500 12m 4.95
Beta vs SP500 5y weekly 1.21
ValueRay RSI 49.04
Volatility GJR Garch 1y 26.64%
Price / SMA 50 -1.57%
Price / SMA 200 8.13%
Current Volume 988k
Average Volume 20d 1600.3k

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What is the price of CDNS stocks?
As of May 21, 2024, the stock is trading at USD 292.47 with a total of 988,009 shares traded.
Over the past week, the price has changed by +2.82%, over one month by +4.36%, over three months by +0.14% and over the past year by +34.96%.
What are the forecast for CDNS stock price target?
According to ValueRays Forecast Model, CDNS Cadence Design Systems will be worth about 377.4 in May 2025. The stock is currently trading at 292.47. This means that the stock has a potential upside of +29.05%.
Issuer Forecast Upside
Wallstreet Target Price 329.7 12.7
Analysts Target Price 270.9 -7.39
ValueRay Target Price 377.4 29.0

Cadence Design Systems Inc: Navigating Through Time

History and Evolution

Founded in 1988, Cadence Design Systems Inc has established itself as a pivotal player in the electronic design automation (EDA) industry. Its journey began with a focus on providing software tools that assist in the design of electronic circuits and systems. Over the years, Cadence has expanded its offerings, playing a crucial role in the development of innovative computing technologies.

Core Business

At its core, Cadence specializes in EDA software and engineering services. Their products are essential for the creation of semiconductors, integrated circuits, and other electronic devices. The company's comprehensive tool suite addresses design, verification, and manufacturing challenges, facilitating the development of complex microprocessors, mobile devices, and cloud computing infrastructure.

Side Businesses and Diversification

Aside from its mainstay EDA solutions, Cadence has strategically expanded into related areas. This includes hardware emulation, intellectual property (IP) offerings, and system design and analysis. These expansions enable Cadence to offer a broader technology ecosystem to its customers, ensuring a more integrated approach to electronic design.

Current Market Status

As of 2023, Cadence Design Systems Inc remains a leader in the global EDA market. The company has constantly innovated to keep pace with the rapidly evolving tech landscape. It boasts a robust financial performance, reflecting strong demand for its software and services. With the increasing complexity of electronic devices and the advent of technologies like 5G and AI, Cadence is well-positioned to continue its growth trajectory.