2.72%
-0.90%
7.84%
11.25%
3.22%
95.71%
312.92%
AI Spotlight on CDNS
Company Description
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.The company also provides 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.In addition, it offers 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; and 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.
Further, the company provides 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.Additionally, it offers 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.
Market Data
| Last Price | 297.76 |
| Change Percentage | 2.72% |
| Open | 292.24 |
| Previous Close | 289.88 |
| Market Cap ( Millions) | 81665 |
| Volume | 1340929 |
| Year High | 328.99 |
| Year Low | 241.29 |
| M A 50 | 305.13 |
| M A 200 | 288.16 |
Financial Ratios
| FCF Yield | 1.17% |
| Dividend Yield | 0.00% |
| ROE | 26.31% |
| Debt / Equity | 61.91% |
| Net Debt / EBIDTA | 2.62% |
| Price To Book | 17.76 |
| Price Earnings Ratio | 78.01 |
| Price To FCF | 85.78 |
| Price To sales | 18.76 |
| EV / EBITDA | 54.75 |
News
- Jan -23 - Cadence Design Systems (CDNS) Outperforms Broader Market: What You Need to Know
- Jan -23 - Cadence to Boost Embedded Security Portfolio With Secure-IC, Stock Up
- Jan -22 - MediaTek Adopts AI-Driven Cadence Virtuoso Studio and Spectre Simulation on NVIDIA Accelerated Computing Platform for 2nm Designs
- Jan -21 - Cadence to Acquire Secure-IC, a Leader in Embedded Security IP
- Jan -17 - Here's Why Cadence Design Systems (CDNS) Fell More Than Broader Market
- Jan -13 - Onto Innovation named 2025 Top Pick, added to Conviction List at Needham
- Jan -09 - Cadence Design Systems (CDNS) Rises Higher Than Market: Key Facts
- Jan -07 - Cadence Design Systems (CDNS) Outperforms Broader Market: What You Need to Know
- Jan -03 - Cadence Announces Fourth Quarter and Fiscal Year 2024 Financial Results Webcast
- Dec -30 - 2 Top Tech Stocks to Buy in 2025 for Long-Term AI Growth (CDNS, ANET)
- Dec -24 - Cadence Design Systems (CDNS) Outperforms Broader Market: What You Need to Know
- Dec -23 - Why Cadence Design Systems (CDNS) Outpaced the Stock Market Today
- Dec -19 - CDNS Rises 10% YTD: Should Investors Add the Stock to Their Portfolio?
- Dec -17 - Here's Why Cadence Design Systems (CDNS) Fell More Than Broader Market
- Dec -12 - Cadence Appoints Moshe Gavrielov to Board of Directors
- Dec -12 - Will Strategic Partnerships Boost Cadence's Stock Performance?
- Dec -11 - Cadence and Rapidus Collaborate on Leading-Edge 2nm Semiconductor Solutions for AI and HPC Applications
- Dec -10 - Cadence Design Systems, Inc. (CDNS) 51st Annual NASDAQ Morgan Stanley Investor Conference (Transcript)
- Dec -04 - CDNS & ASTS Partner to Boost Space-Based Cellular Broadband Network
- Nov -15 - Can CDNS Stock Sustain its Rally After Gaining 12% in a Month?
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Functional Verification, including Emulation and Prototyping Hardware
Expected Growth : 12 %
What the company do ?
Functional Verification, including Emulation and Prototyping Hardware from Cadence Design Systems, Inc., involves verifying chip designs through simulation, emulation, and prototyping to ensure correctness and performance.
Why we expect these perspectives ?
Cadence Design Systems' Functional Verification, including Emulation and Prototyping Hardware, is driven by increasing complexity in system-on-chip (SoC) designs, rising demand for accelerated verification, and growing adoption of emulation and prototyping in industries like automotive, aerospace, and 5G. The 12% growth rate is fueled by the need for faster time-to-market, improved product quality, and reduced costs.
Segment n°2 -> Digital Integrated Circuit Design and Signoff
Expected Growth : 11 %
What the company do ?
Digital Integrated Circuit Design and Signoff from Cadence Design Systems, Inc. is a comprehensive solution for designing and verifying digital ICs, ensuring correct functionality and manufacturability.
Why we expect these perspectives ?
The 11% growth in Digital Integrated Circuit Design and Signoff from Cadence Design Systems, Inc. is driven by increasing demand for complex SoCs, rising adoption of AI and 5G technologies, and growing need for efficient design and verification tools. Additionally, the trend towards autonomous vehicles, IoT, and cloud computing is fueling the demand for advanced semiconductor design and verification solutions.
Segment n°3 -> Custom Integrated Circuit Design and Simulation
Expected Growth : 10 %
What the company do ?
Custom Integrated Circuit Design and Simulation from Cadence Design Systems, Inc. is a comprehensive platform for designing, verifying, and implementing complex ICs, enabling creation of custom silicon solutions.
Why we expect these perspectives ?
The 10% growth in Custom Integrated Circuit Design and Simulation from Cadence Design Systems, Inc. is driven by increasing demand for complex SoC designs, rising adoption of AI and 5G technologies, and growing need for efficient design and verification tools. Additionally, the trend towards autonomous vehicles, IoT, and cloud computing is fueling the demand for custom ICs, further propelling the segment's growth.
Segment n°4 -> System Design and Analysis
Expected Growth : 9 %
What the company do ?
System Design and Analysis from Cadence Design Systems, Inc. is a comprehensive solution for designing and analyzing complex systems, enabling users to model, simulate, and analyze systems across multiple domains.
Why we expect these perspectives ?
Cadence Design Systems' System Design and Analysis segment growth is driven by increasing demand for electronic system design and verification, accelerated by the rise of AI, 5G, and autonomous vehicles. The company's market-leading position, innovative products, and strategic acquisitions also contribute to its 9% growth.
Segment n°5 -> Internet Protocol
Expected Growth : 8 %
What the company do ?
The Internet Protocol from Cadence Design Systems, Inc. is a digital implementation of the Internet Protocol (IP) that enables the design of high-performance network devices and systems.
Why we expect these perspectives ?
Cadence Design Systems' Internet Protocol growth is driven by increasing demand for high-speed data transfer, rising adoption of cloud computing, and growing need for efficient data center infrastructure. Additionally, the proliferation of IoT devices and 5G networks fuels the need for advanced IP solutions, contributing to an 8% growth rate.
Cadence Design Systems, Inc. Products
| Product Range | What is it ? |
|---|---|
| Virtuoso Platform | A suite of electronic design automation (EDA) tools for designing and verifying analog, mixed-signal, and RF circuits. |
| Innovus Implementation System | A digital implementation tool for designing and optimizing digital circuits, including place-and-route, clock tree synthesis, and signoff. |
| Genus Synthesis Solution | A high-level synthesis tool for designing and verifying digital circuits, including RTL synthesis, formal verification, and equivalence checking. |
| Joules RTL Power Solution | A power analysis and optimization tool for reducing power consumption in digital circuits. |
| Spectre Simulation Platform | A suite of simulation tools for verifying and analyzing analog, mixed-signal, and RF circuits. |
| Xcelium Parallel Simulator | A parallel simulation tool for verifying and analyzing digital circuits, including RTL simulation and emulation. |
| Palladium Z1 Enterprise Emulation Platform | A hardware emulation platform for verifying and analyzing complex digital circuits, including SoC and ASIC designs. |
| Protium S1 FPGA-Based Prototyping Platform | A FPGA-based prototyping platform for verifying and analyzing digital circuits, including SoC and ASIC designs. |
Cadence Design Systems, Inc.'s Porter Forces
Threat Of Substitutes
Cadence Design Systems, Inc. has a moderate threat of substitutes due to the presence of alternative design tools and software in the market.
Bargaining Power Of Customers
Cadence Design Systems, Inc. has a low bargaining power of customers due to its strong brand reputation and customer loyalty.
Bargaining Power Of Suppliers
Cadence Design Systems, Inc. has a moderate bargaining power of suppliers due to the presence of multiple suppliers in the market.
Threat Of New Entrants
Cadence Design Systems, Inc. has a high threat of new entrants due to the growing demand for electronic design automation (EDA) software and the presence of new players in the market.
Intensity Of Rivalry
Cadence Design Systems, Inc. operates in a highly competitive industry with intense rivalry among existing players, leading to a high intensity of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 16.87% |
| Debt Cost | 5.53% |
| Equity Weight | 83.13% |
| Equity Cost | 9.25% |
| WACC | 8.62% |
| Leverage | 20.29% |
Cadence Design Systems, Inc. : Quality Control
Cadence Design Systems, Inc. passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
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| FICO | Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and … |
| NOW | ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence, machine learning, … |
| APP | AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software … |
Peers Metrics
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Scoring Insights
Peers Group Analysis
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FICO
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ServiceNow
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Cadence Design Systems
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Intuit
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