Cadence Design Systems, Inc. - Common Stock (CDNS)
324.36
+6.87 (2.16%)
NASDAQ · Last Trade: Jul 15th, 10:32 AM EDT
Detailed Quote
Previous Close
317.49
Open
319.84
Bid
324.27
Ask
324.50
Day's Range
317.67 - 324.44
52 Week Range
221.56 - 330.09
Volume
293,449
Market Cap
89.78B
PE Ratio (TTM)
82.12
EPS (TTM)
4.0
Dividend & Yield
N/A (N/A)
1 Month Average Volume
1,731,231
Chart
About Cadence Design Systems, Inc. - Common Stock (CDNS)
Cadence Design Systems is a leading technology company that specializes in electronic design automation (EDA) software and engineering services. The company provides a comprehensive suite of tools and solutions that facilitate the design, verification, and implementation of integrated circuits and electronic systems. Cadence's offerings enable engineers to create innovative products across various industries, including consumer electronics, automotive, and telecommunications. By leveraging advanced algorithms and machine learning, Cadence helps customers improve their design efficiency, reduce time to market, and enhance the overall performance of their electronic products. Read More
CADENCE DESIGN SYS INC (NASDAQ:CDNS) shows strong growth fundamentals and a bullish technical setup, making it a stock worth watching for investors seeking growth opportunities.
CADENCE DESIGN SYS INC (NASDAQ:CDNS) is a high-quality stock with strong revenue growth, exceptional ROIC, and solid financial health, making it a candidate for long-term investors.
Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match.
The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.
Cadence (Nasdaq: CDNS) today announced the tapeout of the industry’s first LPDDR6/5X memory IP system solution optimized to operate at 14.4Gbps, up to 50% faster than the previous generation of LPDDR DRAM. The new Cadence® LPDDR6/5X memory IP system solution is a key enabler for scaling up the AI infrastructure to accommodate the memory bandwidth and capacity demands of next-generation AI LLMs, agentic AI and other compute-heavy workloads for various verticals. Multiple engagements are currently underway with leading AI, high-performance computing (HPC) and data center customers.
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence.
With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players.
Monday's session is showcasing interesting market movements in the S&P500 index, with notable gap up and gap down stocks. Stay updated with the gapping S&P500 stocks in today's session.
Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) jumped 5% in the afternoon session after the U.S. government lifted export restrictions on certain chip design software to China. The move signaled a de-escalation in a trade dispute that had previously required U.S. firms to obtain licenses for selling specific electronic design automation (EDA) tools in China. Cadence, a major player in the EDA software market, confirmed it was restoring access for its Chinese customers. This development is significant as it reopens a critical market for the company. Analysts anticipated that renewed access to the Chinese market could lead to a notable revenue increase for EDA firms like Cadence. The easing of these trade tensions provides a clearer outlook for the company's sales in the region, which had been clouded by the restrictions imposed in May.
Shares of chip design firms Cadence Design Systems Inc (NASDAQ:CDNS) and Synopsys Inc (NASDAQ:SNPS) are rising Thursday after the U.S. Department of Commerce rescinded China export restrictions.
Today's jobs report will prompt more urgent calls for the Federal Reserve to cut interest rates if the unemployment rate rises and payroll growth undershoots.
Apple's top hardware executive Johny Srouji said the company plans to use generative AI to accelerate custom chip design, calling it a major productivity boost and highlighting Apple's bold, no-backup transition to Apple Silicon.
CADENCE DESIGN SYS INC (CDNS) shows strong growth fundamentals and a promising technical setup, making it a stock worth watching for investors seeking growth opportunities.
Cadence (Nasdaq: CDNS) today announced an expansion of its collaboration with Samsung Foundry, including a new multi-year IP agreement to broaden Cadence® memory and interface IP solutions in Samsung Foundry’s SF4X, SF5A and SF2P advanced process nodes. Furthering their ongoing technology collaboration, the companies are leveraging Cadence’s AI-driven design solutions and Samsung’s advanced SF4X, SF4U and SF2P process nodes to deliver high-performance, low-power solutions for AI data center, automotive—including advanced driver-assistance systems (ADAS)—and next-generation RF connectivity applications.
