Added to YB: 2026-01-29
Pitch date: 2026-01-27
CDNS [neutral]
Cadence Design Systems, Inc.
-7.78%
current return
Author Info
Drew Cohen is a Portfolio Manager at Davidson Kahn Capital Management. Sign up for the newsletter.
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
$321.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
40.38
P/E
73.05
EV/Sales
14.72
Sector
Software
Category
growth
Cadence Design Systems (Stock Breakdown)
CDNS (overview): EDA software leader enabling modern chip design w/ integrated toolset from synthesis to system validation. Strong moats in analog/mixed-signal & packaging. Risks from Synopsys/Ansys photonics competition. At 60x NTM P/E, needs 15% growth + margin expansion to justify $315 price.
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