Added to YB: 2026-07-30
Pitch date: 2026-07-27
CDNS [neutral]
Cadence Design Systems, Inc.
-0.72%
current return
Author Info
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Company Info
Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions.
Market Cap
$95.1B
Pitch Price
$335.16
Price Target
N/A
Dividend
N/A
EV/EBITDA
43.26
P/E
68.53
EV/Sales
16.47
Sector
Software
Category
value
The World’s Best Toll Booths, Now on Sale - Cadence Design Systems, Inc.
CDNS (overview): EDA software duopoly w/ SNPS controls 80%+ of ~$20B market. Pure switching-cost moat, ~100% retention, 85% recurring rev, 80-85%+ gross margins. Chip design cost +12x from 28nm to 3nm. CDNS at 40x P/E (vs 36x 10Y avg); SNPS cheaper at 23x post-$35B Ansys deal drag on ROIC—widest CDNS-SNPS discount in years.
Read full article (2 min)