Compare · CDNS vs PRGS
CDNS vs PRGS
Side-by-side comparison of Cadence Design Systems Inc. (CDNS) and Progress Software Corporation (PRGS): market cap, price performance, sector, and recent activity on the wire.
Summary
- Both CDNS and PRGS operate in Computer Software: Prepackaged Software (Technology), so they compete in similar markets.
- CDNS is the larger of the two at $114.85B, about 80.2x PRGS ($1.43B).
- Over the past year, CDNS is up 39.0% and PRGS is down 49.3% - CDNS leads by 88.3 points.
- CDNS has been more active in the news (21 items in the past 4 weeks vs 5 for PRGS).
- CDNS has more recent analyst coverage (25 ratings vs 8 for PRGS).
- Company
- Cadence Design Systems Inc.
- Progress Software Corporation
- Price
- $408.08-2.02%
- $31.97-6.14%
- Market cap
- $114.85B
- $1.43B
- 1M return
- +16.71%
- +9.00%
- 1Y return
- +39.04%
- -49.27%
- Industry
- Computer Software: Prepackaged Software
- Computer Software: Prepackaged Software
- Exchange
- NASDAQ
- NASDAQ
- IPO
- 1991
- News (4w)
- 21
- 5
- Recent ratings
- 25
- 8
Cadence Design Systems Inc.
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.
Progress Software Corporation
Progress Software Corporation develops business applications. The company operates through three segments: OpenEdge, Data Connectivity and Integration, and Application Development and Deployment. The OpenEdge segment offers Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities; Progress Kinvey, a platform for building enterprise applications; MOVEit that provides secure collaboration and automated file transfers of critical business information; and WhatsUp Gold, a network monitoring solution. The Data Connectivity and Integration segment provides Progress DataDirect Connect, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Hybrid Data Pipeline, a data access service that provides cloud and on-premises data sources for hybrid cloud applications, such as customer resource management, data management platforms, or hosted analytics. The Application Development and Deployment segment offers Developer Tools, a set of components for user interface development; and Sitefinity, a web content management and customer analytics platform. The company also provides project management, implementation, custom development, programming, and other services, as well as services to web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. The company has operations in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. Progress Software Corporation was founded in 1981 and is headquartered in Bedford, Massachusetts.
Latest CDNS
- Cadence's Richard Gu to Present at Nasdaq Conference
- SEC Form SD filed by Cadence Design Systems Inc.
- Cadence Unveils Industry's First Fully Autonomous Virtual Engineer for Chip Design, powered by NVIDIA
- Cadence and Samsung Foundry Deepen 2nm and 3D‑IC Collaboration to Meet Surging AI Infrastructure and Physical AI Demand
- President and CEO Devgan Anirudh exercised 25,000 shares at a strike of $78.76 and sold $19,198,190 worth of shares (51,887 units at $370.00) as part of a pre-agreed trading plan, decreasing direct ownership by 8% to 303,525 units (SEC Form 4)
- Sr. Vice President Teng Chin-Chi exercised 1,000 shares at a strike of $202.94 and sold $1,662,087 worth of shares (4,500 units at $369.35) as part of a pre-agreed trading plan, decreasing direct ownership by 2% to 148,781 units (SEC Form 4)
- Cadence's Anirudh Devgan to Present at BofA Conference
- Amendment: Sr. Vice President Scannell Paul covered exercise/tax liability with 75 shares and sold $369,559 worth of shares (1,071 units at $345.06) as part of a pre-agreed trading plan, decreasing direct ownership by 3% to 32,181 units (SEC Form 4) to cover taxes
- Sr. Vice President Scannell Paul covered exercise/tax liability with 75 shares and sold $369,559 worth of shares (1,071 units at $345.06) as part of a pre-agreed trading plan, decreasing direct ownership by 3% to 32,181 units (SEC Form 4) (withholding tax)
- SVP & General Counsel Taxay Marc covered exercise/tax liability with 2,799 shares, decreasing direct ownership by 11% to 22,599 units (SEC Form 4) (tax withholding)
Latest PRGS
- Chief Financial Officer Folger Anthony sold $130,334 worth of shares (4,474 units at $29.13) as part of a pre-agreed trading plan, decreasing direct ownership by 8% to 48,802 units (SEC Form 4)
- Chief Legal Officer Wang Yufan Stephanie sold $144,852 worth of shares (5,019 units at $28.86) as part of a pre-agreed trading plan, decreasing direct ownership by 66% to 2,544 units (SEC Form 4)
- Progress Agentic RAG Named 2026 AI Excellence Award Winner for Advancing Retrieval-Augmented Generation
- AI Adoption Accelerates in Accounting, Yet Fragmented Tools Keep Efficiency Just Out of Reach, According to New Progress Software Report
- Progress Software Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
- Progress Software Expands AI and Workforce Operations in India with New Bengaluru Innovation Hub
- SEC Form 144 filed by Progress Software Corporation
- SEC Form 4 filed by Ainsworth John
- SEC Form 4 filed by Folger Anthony
- SEC Form 4 filed by Gupta Yogesh K