Cadence Design Systems, Inc. logo

Cadence Design Systems, Inc.

CDNS
TechnologyNASDAQUnited States
278.82USD-13.70 (-4.68%)

About Cadence

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.

  • 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.

  • 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

  • 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.

  • 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.

  • 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.

Cadence's Business Strategy

Cadence Design Systems' business strategy is built around enabling the full digital and physical design of increasingly complex electronic systems. As products across industries, from smartphones, cars to cloud infrastructure, become more sophisticated and interconnected, Cadence positions itself as an essential technology partner by offering…

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Our Take on Cadence

Pros:

Electronic Design Automation (EDA) Market Leader: Cadence is a global leader in EDA software, which is critical for designing and verifying integrated circuits (ICs), systems-on-chip (SoCs), and printed circuit boards (PCBs), foundational tools for the semiconductor industry.

High Barriers Entry: The EDA market…

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Company Details

Exchange
NASDAQ
Country
United States
Sector
Technology
Industry
Software - Application
CEO
Anirudh Devgan
Employees
12,837
IPO Date
1987-06-10
ISIN
US1273871087
Website
cadence.com

Key Metrics

Market Cap
76.02BUSD
P/E Ratio (TTM)
71.47
Net Profit Margin
20.94%
Debt / Asset Ratio
0.24
Dividend Yield (TTM)
0.00%
Volume
485,866
Avg Volume
1.99M
Shares Outstanding
272.20M
Free Float
99.60%
β Beta
1.01
52W Range
221.6 - 376.4

Fundamental Analysis

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Section Scores

Profitability
4.5/5Excellent
Liquidity
5.0/5Excellent
Leverage
4.5/5Excellent
Cash Flow
4.0/5Good
Valuation
1.1/5Poor

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