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Added to YB: 2024-08-07

Pitch date: 2024-06-30

CDNS [bullish]

Cadence Design Systems, Inc.

+5.03%

current return

Author Info

No bio for this author

Company Info

Cadence Design Systems, Inc. provides software, hardware, and other services worldwide. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

Market Cap

$92.0B

Pitch Price

$307.75

Price Target

N/A

Dividend

N/A

EV/EBITDA

48.20

P/E

87.12

EV/Sales

17.57

Sector

Software

Category

growth

Show full summary:
Long Equity Portfolio Holding: Cadence Design Systems, Inc.

CDNS: EDA software leader, 44% US rev. Benefiting from chip complexity & advanced device demand. Strong competitive edge w/ comprehensive tools & industry ties. Well-positioned in critical design process. Poised to capitalize on semiconductor industry growth.

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