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Cadence Design Systems, Inc is currently in a long term uptrend where the price is trading 8.2% above its 200 day moving average.
From a valuation standpoint, the stock is 41.8% cheaper than other stocks from the Technology sector with a price to sales ratio of 14.7.
Cadence Design Systems, Inc's total revenue rose by 347.5% to $3B since the same quarter in the previous year.
Its net income has dropped by 10.5% to $591M since the same quarter in the previous year.
Finally, its free cash flow grew by 512.7% to $810M since the same quarter in the previous year.
Based on the above factors, Cadence Design Systems, Inc gets an overall score of 4/5.
| Sector | Technology |
|---|---|
| Exchange | NASDAQ |
| CurrencyCode | USD |
| ISIN | US1273871087 |
| Industry | Software - Application |
| Beta | 1.02 |
|---|---|
| Market Cap | 78B |
| PE Ratio | 70.97 |
| Target Price | 371.8192 |
| Dividend Yield | None |
Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property 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 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 end-to-end system-level design and verification across chips, packages, PCBs, and 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 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 has a strategic collaboration with NVIDIA. The company was incorporated in 1987 and is headquartered in San Jose, California.
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