Berenberg initiated coverage on Cadence Design with a new price target
$CDNS
Computer Software: Prepackaged Software
Technology
Berenberg initiated coverage of Cadence Design with a rating of Buy and set a new price target of $320.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/2/2025 | $400.00 | Outperform | BNP Paribas Exane |
| 7/29/2025 | $355.00 | Overweight → Neutral | Piper Sandler |
| 7/10/2025 | $380.00 | Buy | Goldman |
| 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 |
Cadence (NASDAQ:CDNS) today announced it has completed the previously announced acquisition of Secure-IC, a leading provider of embedded security IP, security solutions and security evaluation tools and services. By combining Cadence's decades of expertise in IP and subsystem design with Secure-IC's leading embedded cybersecurity solutions, the acquisition positions Cadence to address the growing demand for robust embedded security solutions across verticals, including automotive, data center, aerospace and defense, mobile, IoT and consumer electronics. With this acquisition, Cadence reinforces its commitment to delivering comprehensive system solutions that accelerate customers' time to
Record Backlog of $7.0 Billion Raising 2025 Revenue Outlook to ~14% Growth YoY Cadence (NASDAQ:CDNS) today announced results for the third quarter of 2025. Third Quarter 2025 Financial Results Revenue of $1.339 billion, compared to revenue of $1.215 billion in Q3 2024 GAAP operating margin of 31.8%, compared to 28.8% in Q3 2024 Non-GAAP operating margin of 47.6%, compared to 44.8% in Q3 2024 GAAP diluted net income per share of $1.05, compared to $0.87 in Q3 2024 Non-GAAP diluted net income per share of $1.93, compared to $1.64 in Q3 2024 Quarter-end backlog was $7.0 billion and revenue expected to be recognized in the next 12 months from remaining performance obligati
The Cadence Giving Foundation today announced a multi-year commitment to expand the AI Hub at San José State University (SJSU) to equip students with the skills, hands-on training and experience needed to excel in careers in artificial intelligence (AI). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251010576613/en/The Cadence Giving Foundation announced a multi-year commitment to expand the AI Hub at San José State University (SJSU) to equip students with the skills, hands-on training and experience needed to excel in careers in artificial intelligence (AI). This multi-year agreement will also include a significant donation of
8-K - CADENCE DESIGN SYSTEMS INC (0000813672) (Filer)
8-K - CADENCE DESIGN SYSTEMS INC (0000813672) (Filer)
144 - CADENCE DESIGN SYSTEMS INC (0000813672) (Subject)
BNP Paribas Exane initiated coverage of Cadence Design with a rating of Outperform and set a new price target of $400.00
Piper Sandler downgraded Cadence Design from Overweight to Neutral and set a new price target of $355.00
Goldman initiated coverage of Cadence Design with a rating of Buy and set a new price target of $380.00
4 - CADENCE DESIGN SYSTEMS INC (0000813672) (Issuer)
4 - CADENCE DESIGN SYSTEMS INC (0000813672) (Issuer)
4 - CADENCE DESIGN SYSTEMS INC (0000813672) (Issuer)
SC 13G/A - CADENCE DESIGN SYSTEMS INC (0000813672) (Subject)
SC 13G/A - CADENCE DESIGN SYSTEMS INC (0000813672) (Subject)
SC 13G/A - CADENCE DESIGN SYSTEMS INC (0000813672) (Subject)
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
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