CDNS

Cadence Design Systems
D

CDNS

304.13
USD
4.74
(1.58%)
Pre Open
Volume
27
EPS
6
Div Yield
-
P/E
78
Market Cap
83,276,876,600
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Title: Cadence Design Systems

Sector: Technology
Industry: Software - Application
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.