AI Is Going To Give Cadence Design Systems A Boost [Seeking Alpha]
Cadence Design Systems, Inc. (CDNS)
Last cadence design systems, inc. earnings: 4/20 04:05 pm
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US:NASDAQ Investor Relations:
cadence.com/company/investor_relations/index.aspx?lid=investor_relations
Company Research
Source: Seeking Alpha
The company benefits from strong secular tailwinds and high barriers to entry in the EDA market. Cadence has strong pricing power due to high switching costs and generates significant recurring revenue. While its valuation metrics are a little off the chart, the stock has been very dependable, and AI is producing new tailwinds. Looking for a helping hand in the market? Members of SHU Growth Portfolio get exclusive ideas and guidance to navigate any climate. Learn More » Cadence Design Systems ( NASDAQ: CDNS ) is a leader in the EDA (electronic design automation) software, which is used to design chips, ICs and PCBs (printed circuit boards). If you can stomach its high valuation, and predicated on valuation multiples staying at present levels, we still see multiple reasons to be positive on the stock: Given the complexity of the solutions, which are developed over decades, the EDA market has very high barriers to entry. There are very high switching costs for customers,
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CDNS
News
- Cadence Design Systems, Inc.'s (NASDAQ:CDNS) CEO Will Probably Have Their Compensation Approved By Shareholders [Yahoo! Finance]Yahoo! Finance
- Understanding Cadence (CDNS) Reliance on International Revenue [Yahoo! Finance]Yahoo! Finance
- Cadence Design Systems, Inc. (NASDAQ: CDNS) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Cadence and TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor Design [Yahoo! Finance]Yahoo! Finance
- Cadence and TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor DesignBusiness Wire
CDNS
Earnings
- 4/22/24 - Beat
CDNS
Sec Filings
- 4/24/24 - Form 10-Q
- 4/23/24 - Form 8-K/A
- 4/22/24 - Form 8-K
- CDNS's page on the SEC website