Cadence Design Systems, Inc. - Common Stock (CDNS)
349.88
+0.96 (0.28%)
NASDAQ · Last Trade: Aug 17th, 9:32 PM EDT
Detailed Quote
Previous Close
348.92
Open
349.05
Bid
349.88
Ask
351.49
Day's Range
344.79 - 351.03
52 Week Range
221.56 - 376.45
Volume
1,567,784
Market Cap
96.84B
PE Ratio (TTM)
94.56
EPS (TTM)
3.7
Dividend & Yield
N/A (N/A)
1 Month Average Volume
1,921,971
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
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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Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) jumped 9.1% in the afternoon session after the company reported strong second-quarter results that surpassed analyst expectations and raised its full-year financial outlook. The electronic design automation (EDA) company, which provides software and hardware for designing semiconductors, posted second-quarter adjusted earnings of $1.65 per share on revenue of $1.28 billion. This revenue figure represented a 20% increase year-over-year, and both metrics beat analyst forecasts. The strong performance was attributed to high demand from the artificial intelligence, high-performance computing, and automotive sectors. This result came despite Cadence disclosing a one-time charge of $140.6 million to settle legal proceedings with the U.S. government over its business operations in China. Investors appeared to focus on the strong results, as the company also increased its 2025 revenue forecast to a range of $5.21 billion to $5.27 billion and its adjusted EPS guidance to between $6.85 and $6.95. Following the news, analysts at firms including J.P. Morgan and Wells Fargo raised their price targets.
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