Cadence Design Systems, Inc. - Common Stock (CDNS)
333.76
+0.00 (0.00%)
NASDAQ · Last Trade: Jul 29th, 6:58 AM EDT
Detailed Quote
Previous Close
333.76
Open
-
Bid
359.00
Ask
360.38
Day's Range
N/A - N/A
52 Week Range
221.56 - 335.16
Volume
22,196
Market Cap
92.38B
PE Ratio (TTM)
84.50
EPS (TTM)
4.0
Dividend & Yield
N/A (N/A)
1 Month Average Volume
1,632,967
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
Semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, 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.
Cadence Design Systems reports financial results for the second quarter after the market close on Monday. Here's a look at the key details from the quarter.
Software is eating the world, and virtually no business is left untouched by it. This secular theme makes SaaS companies attractive investment candidates but also comes with higher valuations that cause volatility.
Unfortunately, the rich prices have haunted them over the past six months as the industry has shed 3.3%. This performance was disappointing since the S&P 500 climbed 5.8%.
CADENCE DESIGN SYS INC (NASDAQ:CDNS) shows strong growth fundamentals and a bullish technical setup, making it a stock worth watching for investors seeking growth opportunities.
CADENCE DESIGN SYS INC (NASDAQ:CDNS) is a high-quality stock with strong revenue growth, exceptional ROIC, and solid financial health, making it a candidate for long-term investors.
Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match.
The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.
Cadence (Nasdaq: CDNS) today announced the tapeout of the industry’s first LPDDR6/5X memory IP system solution optimized to operate at 14.4Gbps, up to 50% faster than the previous generation of LPDDR DRAM. The new Cadence® LPDDR6/5X memory IP system solution is a key enabler for scaling up the AI infrastructure to accommodate the memory bandwidth and capacity demands of next-generation AI LLMs, agentic AI and other compute-heavy workloads for various verticals. Multiple engagements are currently underway with leading AI, high-performance computing (HPC) and data center customers.
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence.
With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players.
Monday's session is showcasing interesting market movements in the S&P500 index, with notable gap up and gap down stocks. Stay updated with the gapping S&P500 stocks in today's session.
