Professional
Added to YB: 2024-10-01
Pitch date: 2024-08-08
CDNS [bullish]
Cadence Design Systems, Inc.
+21.06%
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
$88.0B
Pitch Price
$267.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
46.07
P/E
83.30
EV/Sales
16.79
Sector
Software
Category
growth
TCW Select Equities Fund New Position: Cadence Design Systems, Inc.
CDNS: EDA leader for complex chip design. AI, 5G, autonomous driving drive demand. 1 of 2 full-flow providers. Sticky customers, rational competition. Strong growth from end markets, pricing power. 85% recurring revenue. Current price undervalues long-term earnings potential.
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