Professional
Added to YB: 2024-10-01
Pitch date: 2024-08-08
CDNS [bullish]
Cadence Design Systems, Inc.
+4.64%
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
$267.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
41.18
P/E
73.14
EV/Sales
15.39
Sector
Software
Category
growth
Show full summary:
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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