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 |
|---|---|---|---|
| 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 |
| 2/13/2024 | $280.00 | Buy → Neutral | Rosenblatt |
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Cadence Design Systems, Inc. (NASDAQ:CDNS) will hold its fourth quarter and fiscal year 2024 financial results webcast on Tuesday, February 18, 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 Tuesday, February 18, 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 February 18, 2025 until 5:00 p.m. Pacific Time on Monday, March 17, 2025 at cadence.com/cadence/investor_relations. About Cadence Cadence is a pivotal leader in electronic systems design, building upon more than 30 years
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
Collaboration spans interface and memory IP utilizing 2nm gate-all-around BSPDN technology and AI-driven reference flows to facilitate the development of advanced, energy-efficient chips Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced it is collaborating with Rapidus Corporation to provide co-optimized AI-driven reference design flows and a broad IP portfolio to support the Rapidus 2nm gate-all-around (GAA) process and leverage the design and manufacturing benefits from Rapidus' backside power delivery network (BSPDN) technology. As the semiconductor industry struggles to keep up with significantly increasing design challenges driven by the need for more computation, GAA and BS
Innovative design solutions from Cadence accelerate AST SpaceMobile's mission to connect everyday smartphones worldwide with satellite technology Cadence Design Systems, Inc. (NASDAQ:CDNS) and AST SpaceMobile, Inc. (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones designed for both commercial and government applications, announced today their collaboration to advance AST SpaceMobile's mission to eliminate connectivity gaps and connect people around the world with high-speed, space-based internet access. This press release features multimedia. View the full release here: https://www.businesswire.com/ne
Cadence Design Systems, Inc. (NASDAQ:CDNS): WHO: Anirudh Devgan, president and chief executive officer, Cadence Design Systems, Inc. (NASDAQ:CDNS). WHAT: Devgan will participate in a fireside chat at the Nasdaq 51st Investor Conference held in association with Morgan Stanley on Tuesday, December 10, 2024. WHEN: The talk will be available live by webcast at 9:00 a.m. GMT on Tuesday, December 10, 2024. The presentation will be archived on the Cadence website and will be available for replay for 180 days after the event. WHERE: The webcast will be available online at cadence.com/cadence/investor_relations. About Cadence Cadence is a pivotal leader in electronic systems design, buil
Cadence Design Systems, Inc. (NASDAQ:CDNS) announced that Fortune Magazine and Great Place To Work® have honored the company once again in the Top 10 on its World's Best Workplaces™ 2024, ranking Cadence #9. This is the ninth time Cadence has appeared on the prestigious World's Best list, which recognizes only 25 global leaders selected from thousands of organizations that participated in Great Place To Work's employee survey process—representing the voices of 20 million employees worldwide. The 25 World's Best Workplaces stood out for creating globally exceptional employee experiences, high-trust relationships and workplaces that are fair and equal to all. This press release features mult
Exceeded Q3 guidance for revenue and operating margin On track to deliver strong second half Raising midpoint of 2024 non-GAAP EPS outlook to $5.90 Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced results for the third quarter of 2024. Third Quarter 2024 Financial Results Revenue of $1.215 billion, compared to revenue of $1.023 billion in Q3 2023 GAAP operating margin of 29%, compared to 29% in Q3 2023 Non-GAAP operating margin of 45%, compared to 41% in Q3 2023 GAAP diluted net income per share of $0.87, compared to $0.93 in Q3 2023 Non-GAAP diluted net income per share of $1.64, compared to $1.26 in Q3 2023 Quarter-end backlog was $5.6 billion and current remaini
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
Cadence Design Systems, Inc. (NASDAQ:CDNS) will hold its third quarter 2024 financial results webcast on Monday, October 28, 2024. 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, October 28, 2024 at 2:00 p.m. Pacific Time. An archive of the webcast will be available online from 5:00 p.m. Pacific Time on October 28, 2024 until 5:00 p.m. Pacific Time on Friday, December 13, 2024 at cadence.com/cadence/investor_relations. About Cadence Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational softw
Highlights: AI-driven digital and custom design flows available for the latest TSMC N2P and N3 technologies Cadence is collaborating with TSMC on A16 design solutions to optimize PPA Cadence Integrity 3D-IC Platform unifying packaging, analog and digital design supports latest 3Dblox features Collaboration includes Celsius Studio mechanical analysis enablement and thermal/voltage impacts on power/IR/STA and what-if in-design analysis Design IP powers the AI factory, including the industry's first silicon-proven GDDR7 IP running at 32Gbps on the TSMC N3 technology Cadence solutions support secure chip design in the cloud, with design solutions to support TSMC silicon photonics te
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
Rosenblatt downgraded Cadence Design from Buy to Neutral and set a new price target of $280.00
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
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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