Cadence Design Systems: Patiently Waiting For A Better Price [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
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Source: Seeking Alpha
I have made a valuation in two scenarios: a base case where the current price is 30% more expensive and an optimistic scenario aligned with the current price. Even if Cadence has a solid business model, I recommend holding until the Price/Cash Flow lowers to x40. Overview Cadence Design Systems ( NASDAQ: CDNS ) is a company I have known for five years. I am passionate about it, and I would invest in it at any time. In this article, I rationalize an investment thesis to separate my feelings from my reason, so I can make a good recommendation. As stated in its latest 10-Q report , “Cadence is a leading pioneer in electronic system design software and intellectual property (“IP”), building upon more than 35 years of computational software expertise.” It creates software to design chips or systems with chips. It has evolved to design complete systems for hyperscalers for its cloud solutions. Cadence is an excellent business in an attractive market, electronic design automation,
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CDNS
News
- Cadence’s Anirudh Devgan to Present at J.P. Morgan ConferenceBusiness Wire
- Cadence’s Nimish Modi to Present at Needham ConferenceBusiness Wire
- Dr. Chelsea Clinton, Danny Wirtz, and Valerie Jarrett to Headline Social Innovation Summit on June 4-5 in Chicago [Yahoo! Finance]Yahoo! Finance
- Longhorn Electric Racing Is Building the Future of Electric Vehicles With Cadence Tools [Yahoo! Finance]Yahoo! Finance
- We Think Cadence Design Systems (NASDAQ:CDNS) Might Have The DNA Of A Multi-Bagger [Yahoo! Finance]Yahoo! Finance
CDNS
Earnings
- 4/22/24 - Beat
CDNS
Sec Filings
- 5/15/24 - Form 144
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- CDNS's page on the SEC website