CDNS 📈 Cadence Design Systems - Overview

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

CDNS: Software, Hardware, Services, Design Blocks, Verification Tools, IC Design

Cadence Design Systems Inc is a leading provider of software, hardware, and services that enable the design and development of complex electronic systems and integrated circuits (ICs) worldwide.

The company's functional verification offerings are comprehensive, featuring a range of tools and platforms that help customers ensure their IC designs meet specifications and are error-free. These 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.

In addition to verification, Cadence provides a suite of digital IC design and sign-off products, including Genus synthesis and Joules RTL power solutions, which help optimize power consumption and performance. The company's Modus DFT software solution reduces systems-on-chip design-for-test time, while its physical implementation tools, such as place and route, optimization, and multiple patterning preparation, enable efficient and effective IC design.

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 the development of printed circuit boards and IC packages, as well as the analysis of electromagnetic, electro-thermal, and other multi-physics effects.

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

Cadence serves a diverse range of industries, including consumer electronics, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life sciences. The company's services include methodology, education, and hosted design solutions, as well as technical support and maintenance services.

Founded in 1987, Cadence Design Systems Inc is headquartered in San Jose, California, and is a trusted partner for companies seeking to design and develop innovative electronic systems and ICs. Web URL: https://www.cadence.com

Additional Sources for CDNS Stock

CDNS Stock Overview

Market Cap in USD 85,534m
Sector Technology
Industry Software - Application
GiC Industry Software
TER 0.00%
IPO / Inception 1987-06-10

CDNS Stock Ratings

Growth 5y 82.0%
Fundamental 68.6%
Dividend -
Rel. Performance Sector -1.16
Analysts 4.26/5
Fair Price Momentum 353.88 USD
Fair Price DCF 82.53 USD

CDNS Dividends

Dividend Yield 12m 0.00%
Yield on Cost 5y 0.00%
Annual Growth 5y 0.00%
Payout Consistency 0.00%

CDNS Growth Ratios

Growth Correlation 3m 72.2%
Growth Correlation 12m -12.4%
Growth Correlation 5y 96.1%
CAGR 5y 36.33%
CAGR/Mean DD 5y 4.41
Sharpe Ratio 12m 0.52
Alpha -22.63
Beta 1.22
Volatility 32.81%
Current Volume 1697.7k
Average Volume 20d 1579.2k
What is the price of CDNS stocks?
As of December 03, 2024, the stock is trading at USD 310.27 with a total of 1,697,700 shares traded.
Over the past week, the price has changed by -0.68%, over one month by +7.23%, over three months by +21.07% and over the past year by +17.76%.
Is Cadence Design Systems a good stock to buy?
Yes, based on ValueRay Fundamental Analyses, Cadence Design Systems (NASDAQ:CDNS) is currently (December 2024) a good stock to buy. It has a ValueRay Fundamental Rating of 68.57 and therefor a positive outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of CDNS as of December 2024 is 353.88. This means that CDNS is currently undervalued and has a potential upside of +14.06% (Margin of Safety).
Is CDNS a buy, sell or hold?
Cadence Design Systems has received a consensus analysts rating of 4.26. Therefor, it is recommend to buy CDNS.
  • Strong Buy: 11
  • Buy: 4
  • Hold: 3
  • Sell: 0
  • Strong Sell: 1
What are the forecast for CDNS stock price target?
According to ValueRays Forecast Model, CDNS Cadence Design Systems will be worth about 395.3 in December 2025. The stock is currently trading at 310.27. This means that the stock has a potential upside of +27.4%.
Issuer Forecast Upside
Wallstreet Target Price 312.1 0.6%
Analysts Target Price 270.9 -12.7%
ValueRay Target Price 395.3 27.4%