Added to YB: 2025-06-27
Pitch date: 2025-06-26
CDNS [neutral]
Cadence Design Systems, Inc.
-9%
current return
Author Info
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Company Info
Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property (IP) products and solutions.
Market Cap
$82.0B
Pitch Price
$307.03
Price Target
152.47 (-45%)
Dividend
N/A
EV/EBITDA
41.18
P/E
73.14
EV/Sales
15.39
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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