Added to YB: 2025-06-27
Pitch date: 2025-06-26
CDNS [neutral]
Cadence Design Systems, Inc.
+5.27%
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
$92.0B
Pitch Price
$307.03
Price Target
152.47 (-53%)
Dividend
N/A
EV/EBITDA
48.20
P/E
87.12
EV/Sales
17.57
Sector
Software
Category
value
Cadence Design Systems, Inc. - $CDNS
CDNS (overvalued): EDA software leader for chip design, with IP components & physics simulation. Diversified customers (<10% per client), double-digit revenue growth, 80% recurring. High R&D (1/3 of revenue). Strong financials (cash>debt). Quality business but overvalued - DCF shows 30-48% downside from current price.
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