Professional
Added to YB: 2024-08-07
Pitch date: 2024-06-30
CDNS [bullish]
Cadence Design Systems, Inc.
-3.63%
current return
Author Info
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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
$77.2B
Pitch Price
$307.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
40.38
P/E
73.05
EV/Sales
14.72
Sector
Software
Category
growth
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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