Cadence Design Systems, Inc. - Common Stock (CDNS)
338.53
-23.24 (-6.42%)
NASDAQ · Last Trade: Sep 10th, 9:37 PM EDT
Detailed Quote
Previous Close
361.77
Open
348.50
Bid
338.53
Ask
339.50
Day's Range
326.35 - 348.53
52 Week Range
221.56 - 376.45
Volume
5,847,766
Market Cap
93.70B
PE Ratio (TTM)
91.49
EPS (TTM)
3.7
Dividend & Yield
N/A (N/A)
1 Month Average Volume
1,530,479
Chart
About Cadence Design Systems, Inc. - Common Stock (CDNS)
Cadence Design Systems is a leading technology company that specializes in electronic design automation (EDA) software and engineering services. The company provides a comprehensive suite of tools and solutions that facilitate the design, verification, and implementation of integrated circuits and electronic systems. Cadence's offerings enable engineers to create innovative products across various industries, including consumer electronics, automotive, and telecommunications. By leveraging advanced algorithms and machine learning, Cadence helps customers improve their design efficiency, reduce time to market, and enhance the overall performance of their electronic products. Read More
Shares of electronic design automation company Cadence Design Systems (NASDAQ:CDNS) fell 8.3% in the afternoon session after its competitor in the chip design software space, Synopsys, reported disappointing quarterly results and cited business headwinds.
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Cadence today announced a significant expansion of its Cadence® Reality™ Digital Twin Platform library with a digital twin of NVIDIA DGX SuperPOD with DGX GB200 systems. The new model of NVIDIA’s high-performance accelerated computing platform will enable data center designers and operators to easily deploy the world’s leading AI accelerator in the buildout of AI factories. Cadence’s Reality Digital Twin Platform is the first and only solution that allows users to model AI factories and data centers with high accuracy to a specified service-level agreement—accurately accounting for constraints such as cost, space, energy, cooling and environmental impact—all before physical implementation.
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Cadence (Nasdaq: CDNS) today announced it has entered into a definitive agreement to acquire the Design & Engineering (“D&E”) business of Hexagon AB, which includes its MSC Software business—a pioneer in engineering simulation and analysis solutions. This acquisition accelerates Cadence’s Intelligent System Design™ strategy, significantly expanding the Cadence® System Design & Analysis portfolio and reinforcing its commitment to delivering comprehensive solutions for the world’s most demanding design challenges. The addition of Hexagon’s proven D&E technology and talent will build upon Cadence’s 2024 Beta CAE acquisition, enabling a meaningfully deeper presence in the multi-billion-dollar structural analysis market.
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Cadence (Nasdaq: CDNS) today announced that it has completed the previously announced acquisition of the Arm Artisan foundation IP business, consisting of standard cell libraries, memory compilers, and general-purpose I/Os (GPIOs) optimized for advanced process nodes at the leading foundries. The acquisition will augment Cadence’s expanding design IP offerings, anchored by a leading portfolio of protocol and interface IP, memory interface IP, and SerDes IP at advanced nodes. Cadence is reinforcing its commitment to improving customers’ time to market and optimizing cost, power, and performance by expanding its presence in SoC designs, especially with the world’s leading foundry processes.
Growth is oxygen.
But when it evaporates, the consequences can be severe - ask anyone who bought Cisco in the Dot-Com Bubble or newer investors who lived through the 2020 to 2022 COVID cycle.
Market swings can be tough to stomach, and volatile stocks often experience exaggerated moves in both directions.
While many thrive during risk-on environments, many also struggle to maintain investor confidence when the ride gets bumpy.
Cadence (Nasdaq: CDNS) today announced a significant leap forward in the power analysis of pre-silicon designs through its close collaboration with NVIDIA. Leveraging the advanced capabilities of the Cadence® Palladium® Z3 Enterprise Emulation Platform, utilizing the new Cadence Dynamic Power Analysis (DPA) App, Cadence and NVIDIA have achieved what was previously considered impossible: hardware accelerated dynamic power analysis of billion-gate AI designs, spanning billions of cycles within a few hours with up to 97 percent accuracy. This milestone enables semiconductor and systems developers targeting AI, machine learning (ML) and GPU-accelerated applications to design more energy-efficient systems and accelerate their time to market.
Cadence Design Systems (CDNS) combines strong fundamentals—high profitability, solid growth, and stable finances—with a bullish technical setup, making it a top growth stock pick.
Semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 20.2% year on year to $1.28 billion. The company’s full-year revenue guidance of $5.24 billion at the midpoint came in 0.8% above analysts’ estimates. Its non-GAAP profit of $1.65 per share was 5.9% above analysts’ consensus estimates.
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