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1 Comment
Cadence Design Systems, Inc is currently in a long term uptrend where the price is trading 7.7% above its 200 day moving average.
From a valuation standpoint, the stock is 7.7% more expensive 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 26.7% to $760M since the same quarter in the previous year.
Its net income has dropped by 73.7% to $174M since the same quarter in the previous year.
Finally, its free cash flow fell by 21.0% to $104M since the same quarter in the previous year.
Based on the above factors, Cadence Design Systems, Inc gets an overall score of 2/5.
| Exchange | F |
|---|---|
| CurrencyCode | EUR |
| Sector | Technology |
| ISIN | US1273871087 |
| Industry | Software - Application |
| PE Ratio | 71.02 |
|---|---|
| Target Price | 159.51 |
| Beta | 1.02 |
| Market Cap | 69B |
| Dividend Yield | None |
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.
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