Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products, including Genus logic synthesis and RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, including place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to verify the correct interaction with dozens of design IP interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. Cadence Design Systems, Inc. was incorporated in 1988 and is headquartered in San Jose, California.
IPO Year:
Exchange: NASDAQ
Website: cadence.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/24/2025 | $325.00 | Neutral → Overweight | Analyst |
| 1/13/2025 | $350.00 | Buy | Redburn Atlantic |
| 11/22/2024 | $350.00 | Overweight | Wells Fargo |
| 11/12/2024 | $360.00 | Buy | Loop Capital |
| 10/22/2024 | $325.00 | Outperform | Mizuho |
| 10/15/2024 | $320.00 | Buy | Berenberg |
| 9/25/2024 | $225.00 | Underperform | Oppenheimer |
| 8/6/2024 | $318.00 | Neutral → Overweight | Piper Sandler |
| 4/4/2024 | $334.00 | Neutral | Piper Sandler |
| 2/14/2024 | $350.00 | Equal-Weight → Overweight | Morgan Stanley |
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New class of processor raises the bar for performance efficiency, delivering 30% area savings and 20% lower power Cadence (NASDAQ:CDNS) today announced the Cadence® Tensilica® NeuroEdge 130 AI Co-Processor (AICP), a new class of processor designed to complement any neural processing unit (NPU) and enable end-to-end execution of the latest agentic and physical AI networks on advanced automotive, consumer, industrial and mobile SoCs. Based on the proven architecture of the highly successful Tensilica Vision DSP family, the NeuroEdge 130 AICP delivers more than 30% area savings and over 20% savings in dynamic power and energy without impacting performance. It also leverages the same software,
Cadence best-in-class simulation software integrated with NVIDIA Blackwell-accelerated compute enables unmatched scale and speed Delivers up to 80X higher performance and 20X lower power Optimized for a broad range of workloads across EDA, system design and drug design At its annual flagship user event, CadenceLIVE Silicon Valley 2025, Cadence (NASDAQ:CDNS) today announced a major expansion of its Cadence® Millennium™ Enterprise Platform with the introduction of the new Millennium M2000 Supercomputer featuring NVIDIA Blackwell systems, which delivers AI-accelerated simulation at unprecedented speed and scale across engineering and drug design workloads. This press release features mu
Cadence Design Systems, Inc. (NASDAQ:CDNS): WHO: Nimish Modi, senior vice president and general manager, Strategy & New Ventures, Cadence Design Systems, Inc. (NASDAQ:CDNS). WHAT: Modi will participate in a virtual fireside chat at the 20th Annual Needham Technology, Media, & Consumer Conference on Monday, May 12, 2025. WHEN: The talk will be available live by webcast at 10:30 a.m. PDT on Monday, May 12, 2025. The presentation will be archived on the Cadence website and will be available for replay for 90 days. WHERE: The webcast will be available online at cadence.com/cadence/investor_relations. About Cadence Cadence is a market leader in AI and digital twins, pioneering the applicat
Highlights: Significantly expanded portfolio of Cadence design IP optimized for Intel's advanced technologies AI-driven digital and analog/custom EDA solutions certified for Intel 18A technology PDK, delivering optimized PPA Co-developed advanced packaging reference design flow for Intel Foundry's EMIB and EMIB-T technology certified for latest PDK Engagement underway on early design technology co-optimization for Intel 14A-E Joins the Intel Foundry Chiplet Alliance as a founding member Cadence (NASDAQ:CDNS) today announced a significant expansion of its portfolio of design IP optimized for Intel 18A and Intel 18A-P technologies and certification of Cadence® digital and analo
Exceeded Q1 Guidance for All Key Metrics Q1 Revenue Up 23% & Non-GAAP EPS Up 34% YoY Raising 2025 Revenue and EPS Outlook Cadence (NASDAQ:CDNS) today announced results for the first quarter of 2025. First Quarter 2025 Financial Results Revenue of $1.242 billion, compared to revenue of $1.009 billion in Q1 2024 GAAP operating margin of 29.1%, compared to 24.8% in Q1 2024 Non-GAAP operating margin of 41.7%, compared to 37.8% in Q1 2024 GAAP diluted net income per share of $1.00, compared to $0.91 in Q1 2024 Non-GAAP diluted net income per share of $1.57, compared to $1.17 in Q1 2024 Quarter-end backlog was $6.4 billion and current remaining performance obligations ("cRPO"), co
Also announce tool certification for TSMC N3C process and initial collaboration on TSMC's newest A14 technology Cadence (NASDAQ:CDNS) today announced it is furthering its longstanding collaboration with TSMC to accelerate time to silicon for 3D-IC and advanced-node technologies through certified design flows, silicon-proven IP and ongoing technology collaboration. As a leading provider of IP for TSMC N2P, N5 and N3 process nodes, Cadence continues to deliver cutting-edge AI-driven design solutions to the TSMC ecosystem for multiple horizontal applications from chiplets and SoCs to advanced packaging and 3D-ICs. The deep collaboration encompasses certified tools and flows for TSMC's N2P and
High-performance data center and enterprise memory solution available now for customer engagements Cadence (NASDAQ:CDNS) today announced the industry's first DDR5 12.8Gbps MRDIMM Gen2 memory IP system solution on the TSMC N3 process. The new solution addresses the need for greater memory bandwidth to accommodate unprecedented AI processing demands in enterprise and data center applications, including AI in the cloud. The Cadence® DDR5 MRDIMM IP boasts a new high-performance, scalable and adaptable architecture based on Cadence's proven and highly successful DDR5 and GDDR6 product lines. With multiple engagements underway with leading AI, HPC and data center customers, this IP solution is a
High-performance solution with lowest area and power available now for customer engagements Cadence (NASDAQ:CDNS) today announced the industry's fastest HBM4 12.8Gbps memory IP solution, which meets the increasingly higher memory bandwidth needs of SoCs targeted for the next generation of AI training and HPC hardware systems. The Cadence® HBM4 solution is compatible with the JEDEC specification JESD270-4 and doubles the memory bandwidth compared to the previous generation of HBM3E IP products. Available now for customer engagements, the Cadence HBM4 PHY and controller IP boast an industry-leading performance of 12.8Gbps, with 20% greater power efficiency per bit and 50% better area efficie
Transaction will augment Cadence's expanding design IP portfolio and accelerate growth opportunities Cadence (NASDAQ:CDNS) today announced that it has entered into a definitive agreement with Arm (NASDAQ:ARM) to acquire Arm's Artisan foundation IP business, consisting of standard cell libraries, memory compilers, and general-purpose I/Os (GPIOs) optimized for advanced process nodes at the leading foundries. The transaction will augment Cadence's expanding design IP offerings, anchored by a leading portfolio of protocol and interface IP, memory interface IP, SerDes IP at the most advanced nodes, and embedded security IP from the pending Secure-IC acquisition. By increasing its footprint in
Cadence (NASDAQ:CDNS) will hold its first quarter 2025 financial results webcast on Monday, April 28, 2025. Participating in the webcast will be Dr. Anirudh Devgan, president and chief executive officer, and John Wall, senior vice president and chief financial officer. The webcast will begin Monday, April 28, 2025 at 2:00 p.m. Pacific Time. An archive of the webcast will be available online from 5:00 p.m. Pacific Time on April 28, 2025 until 5:00 p.m. Pacific Time on Monday, June 16, 2025 at cadence.com/cadence/investor_relations. About Cadence Cadence is a market leader in AI and digital twins, pioneering the application of computational software to accelerate innovation in the enginee
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Analyst upgraded Cadence Design from Neutral to Overweight and set a new price target of $325.00
Redburn Atlantic initiated coverage of Cadence Design with a rating of Buy and set a new price target of $350.00
Wells Fargo initiated coverage of Cadence Design with a rating of Overweight and set a new price target of $350.00
Loop Capital initiated coverage of Cadence Design with a rating of Buy and set a new price target of $360.00
Mizuho initiated coverage of Cadence Design with a rating of Outperform and set a new price target of $325.00
Berenberg initiated coverage of Cadence Design with a rating of Buy and set a new price target of $320.00
Oppenheimer initiated coverage of Cadence Design with a rating of Underperform and set a new price target of $225.00
Piper Sandler upgraded Cadence Design from Neutral to Overweight and set a new price target of $318.00
Piper Sandler initiated coverage of Cadence Design with a rating of Neutral and set a new price target of $334.00
Morgan Stanley upgraded Cadence Design from Equal-Weight to Overweight and set a new price target of $350.00
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Cadence Design Systems, Inc. (NASDAQ:CDNS) announced today that it has completed the acquisition of OpenEye Scientific Software, Inc. ("OpenEye"). The addition of OpenEye's technologies and experienced team accelerates the Cadence® Intelligent System Design™ strategy by extending Cadence's computational software core competency to molecular modeling and simulation that is targeted to life sciences. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220901005242/en/ OpenEye, an industry leader in computational molecular design, has pioneered physics-based approaches and the cloud-native Orion® software platform to accelerate advances
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced that it has completed the acquisition of Future Facilities. The addition of Future Facilities technologies and expertise supports the Cadence® Intelligent System Design™ strategy and broadens its multiphysics system analysis and computational fluid dynamics (CFD) portfolios. Future Facilities' electronics cooling analysis and energy performance optimization solutions for data center design and operations using physics-based 3D digital twins enables leading technology companies to make informed business decisions about data center design, operations and lifecycle management and reduce their carbon footprint. Future Facilities' proven
Broadens expansion into multiphysics domain with market-leading computational fluid dynamics mesh generation and pre-processing technology Cadence Design Systems, Inc. (NASDAQ:CDNS) announced today that it has acquired Pointwise, Inc., a leader in mesh generation for computational fluid dynamics (CFD). The addition of Pointwise's technologies and experienced team supports the Cadence® Intelligent System Design™ strategy and further broadens its system analysis portfolio, complementing the recently acquired NUMECA CFD technology. Together, these acquisitions will enable advanced CFD solutions where accuracy, reliability, predictability and performance are paramount for high-fidelity charact
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it has completed the acquisition of NUMECA International. The addition of NUMECA’s technologies and talent supports the Cadence® Intelligent System Design™ strategy and broadens its system analysis portfolio with computational fluid dynamics (CFD) solutions. These products will contribute to the best-in-class Cadence system analysis solutions for integrated circuits (ICs), electronic subsystems and full system designs. NUMECA’s proven technologies serve several industries including aerospace, automotive, industrial and marine, and have been adopted by industry leaders such as NASA, Ar
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced the appointment of Moshe Gavrielov to its board of directors, effective January 1, 2025. Mr. Gavrielov currently serves as a member of the board of NXP Semiconductors N.V. and Taiwan Semiconductor Manufacturing Company Ltd., as chair of the board of Foretellix and SiMa.ai, and has previously held executive roles at several global technology companies. "We are honored to welcome Moshe to our board of directors," said ML Krakauer, chair of the board, Cadence. "The AI era offers immense opportunities, and our cutting-edge solutions empower customers to drive unprecedented innovation. Moshe's deep industry knowledge, strong ecosystem
Equinix, NetApp, NVIDIA and Workday join Fem.AI Alliance to drive change, backed by initial $20 million Cadence investment Cadence Design Systems, Inc. (NASDAQ:CDNS) announced that industry leaders Equinix Foundation, NetApp, NVIDIA and Workday are founding members of the Cadence Giving Foundation's Fem.AI Alliance, a group of companies and institutions that have committed to driving change towards a more representative tech and AI workforce. The Fem.AI Alliance is dedicated to evolving the future workforce by increasing women's representation and leadership in the tech industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024
BETA CAE's world-renowned solutions will complement and expand Cadence's system analysis portfolio for automotive, aerospace, industrial and healthcare verticals Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced it has entered into a definitive agreement to acquire BETA CAE Systems International AG, a leading system analysis platform provider of multi-domain, engineering simulation solutions. The addition of BETA CAE's proven technologies and talent will accelerate Cadence's Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunit
Transaction brings Cadence skilled system design expertise in delivering end-to-end custom solutions to customers across multiple industries Cadence Design Systems, Inc. (NASDAQ:CDNS) announced today that it has acquired Invecas, Inc., a leading provider of design engineering, embedded software and system-level solutions, headquartered in Santa Clara, California. The purchase adds a skilled system design engineering team to Cadence, with expertise in providing customers with custom solutions across chip design, product engineering, advanced packaging and embedded software. Accelerating trends such as digital transformation of multiple vertical markets and more system companies building
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced that current Cadence board member, Mary Louise (ML) Krakauer, has assumed the role of chair of the board, effective May 4, 2023. Ms. Krakauer, who previously held various executive roles at global technology companies, also serves as a director of Mercury Systems, Inc. and Proterra Inc. Ms. Krakauer's appointment was confirmed by the Cadence board following the annual shareholder's meeting last week. Ms. Krakauer succeeds Lip-Bu Tan, who had served as Cadence's executive chair. "ML first joined our board in January 2022, and we're honored that she's been appointed chair as we embark on the next phase of our growth," said Dr. Ani
HALIFAX, NS / ACCESSWIRE / August 17, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT), (FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced the appointment of Mr. Jack Harding as Chair of the Board of Directors, effective August 16, 2022. Mr. Ram Ramkumar, META's current Chair, is retiring from the Board and moving into a Strategic Advisor role for a period of two years. The Company wishes to thank Mr. Ramkumar for his dedication during this transformative period which included among many milestones META's June 2021 listing on the NASDAQ via a reverse merger with Torchlight Energy Resources."Delivering innovation at scale is
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced the appointment of Mary Louise (ML) Krakauer to its board of directors, effective January 31, 2022. Ms. Krakauer currently serves on the boards of Xilinx, Inc., Mercury Systems, Inc., DXC Technology and Proterra Inc. and previously held various executive roles at global technology companies. "We are honored to welcome ML to our board of directors," said Lip-Bu Tan, Cadence's executive chairman of the board. "ML has had a highly distinguished career and her extensive experience at several global technology companies will provide Cadence with key strategic and operational insights, helping accelerate growth through our Intelligent Sy
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced that its Chief Executive Officer Lip-Bu Tan will transition to the role of executive chairman on December 15, 2021, with President Anirudh Devgan assuming the role of president and CEO at that time. Devgan is joining the Cadence Board of Directors effective August 2, 2021. Chairman of the Board John Shoven has been appointed lead independent director, effective December 15, 2021. Tan and Devgan will continue their close partnership, which has delivered strong growth and consistent business results over the past four years. Tan, 61, became CEO in January 2009 and reinvented the company, driving a fundamental cultural transformation