Cadence Design Systems, Inc. (CDNS)

AI-powered earnings prediction for Cadence Design Systems, Inc. (CDNS).

301.40
+1.28%
USD, 3 days ago
Market Cap
79.28B
Google

Company Overview

Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property (IP) products and solutions. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including Innovus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI express, universal accelerator and compute express links, and multiple memory interfaces; and Tensilica, a digital signal processor. In addition, the company's design IP portfolio includes high-speed serializer/deserializer, peripheral component interconnect, USB, and other standard protocols; and Secure-IC, a solution for embedded security IP. Additionally, it provides System Design and Analysis (SD&A) platform, a solution that enables critical end-to-end system-level design and verification across chips, packages, PCBs, and complete electronic systems; Allegro X and OrCAD X platforms for PCB and advanced packaging; Sigrity X for signal and power integrity; AWR for RF design; Fidelity for computational fluid dynamics; Celsius for thermal and airflow analysis; Clarity 3D solver for electromagnetic and power electronics analysis and simulation; Integrity 3D-IC solution for advanced 3D-IC and multi-chiplet designs; the optimality intelligent system explorer, Reality digital twin, and Millennium enterprise multiphysics platforms; Allegro system design platform; and molecular modeling and simulation solutions and services. The company was incorporated in 1987 and is headquartered in San Jose, California.

Sector
Technology
Industry
Software - Application
Phone
408 943 1234
Headquarters
Building 5
San Jose, CA, 95134
United States
Full-Time Employees
13,800

Key Metrics

P/E Ratio (TTM)
75.18
Forward P/E
30.99
Price to Book
14.44
Beta
1.01
Profit Margin
20.93%
Gross Margin
86.36%
Return on Equity
21.86%
Return on Assets
10.98%
Earnings Growth
14.60%
Revenue Growth
6.20%

Financial Health

Total Cash
$3.16B
Total Debt
$2.67B
Debt to Equity
48.71
Current Ratio
2.86
Free Cash Flow
$1.51B
Operating Cash Flow
$1.73B

Analyst Recommendations

Target Price (Mean)
$371.82
Target High
$410.00
Target Low
$275.00
Recommendation
strong_buy
Analyst Coverage
26 Analysts

Trading Ideas

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Cadence Design Systems, Inc. (CDNS) Earnings Prediction - AI Forecast | TradAdvisor