Cadence Design Systems

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. It operates through the following geographical segments: Americas, Asia, Europe, Middle East and Africa, and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

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Cadence Design Systems reports record 2022 results and eyes continued growth

Cadence Design Systems (CDNS) delivered strong financial performance in 2022, driven by robust demand in key growth areas and strategic partnerships, positioning the company for continued growth in 2023.
While facing challenges in clarifying revenue guidance, AI integration, and maintaining margins, Cadence's focus on innovation, customer needs, and strategic acquisitions presents opportunities for sustained growth and market leadership.
Analyst inquiries highlighted the need for clear communication on key strategic initiatives, pricing strategies, and technology integration, signaling areas for Cadence to address for enhanced stakeholder understanding and confidence.

Cadence Design Systems reports robust Q1 results and AI-driven growth outlook

Cadence Design Systems delivered strong financial performance in Q1 2023, driven by successful collaborations and growth across key business segments.
While facing challenges in revenue distribution and customer renewals, the company's strategic focus on AI investments and automation positions them well for future growth.
Opportunities lie in leveraging AI for optimization, capitalizing on hardware demand, and driving innovation in system design and analysis, setting the stage for continued success.

Cadence Design Systems reports robust Q2 performance and growth opportunities

Cadence Design Systems (CDNS) delivered strong Q2 results with revenue and EPS growth, driven by AI and hardware performance.
Partnerships with industry leaders and focus on innovation position Cadence for long-term growth in semiconductor and system design.
Challenges include managing operating margins, product development, and production capacity to meet growing demand.
Opportunities lie in leveraging AI capabilities, driving profitable growth, and expanding business across all segments for the future.

Cadence Design Systems (CDNS) exceeds Q3 guidance, focuses on AI-driven growth

Cadence Design Systems (CDNS) delivered robust Q3 results, driven by strong AI-driven design automation and key customer successes.
While facing challenges such as external risks and margin impacts, the company remains focused on innovation and growth opportunities.
With a positive outlook for 2023 and emphasis on AI tools and collaborations, Cadence is well-positioned for continued success and market impact.

Cadence Design Systems (CDNS) posts record 2023 results, eyes AI growth

Cadence Design Systems (CDNS) delivered impressive financial results for Q4 2023 and the full year, driven by robust revenue growth and strategic partnerships. While facing challenges in IP revenue and AI impact realization, the company is poised to capitalize on opportunities in AI tools adoption and R&D investments for future growth.

Cadence Design Systems reports strong Q1 earnings and eyes growth opportunities in high-demand sectors

Cadence Design Systems had a strong Q1, raising financial outlook for 2024 and showcasing leadership in hardware platforms and AI solutions.
While facing challenges like flat China revenue and margin pressures, the company is well-positioned to capitalize on growth opportunities in high-demand sectors.
Partnerships with key industry players and strong demand for hardware platforms drive growth, with expectations for recurring revenue growth above 10%.
Cadence's focus on innovation and market expansion, along with strong customer and partner relationships, positions the company for continued success in the semiconductor and systems industry.

Cadence Design Systems excels in Q2 2024, poised for market disruption

Cadence Design Systems demonstrated strong performance and growth in Q2 2024, driven by strategic partnerships and innovative solutions.
The company's focus on intelligent system design and AI-driven platforms positions it well for future market opportunities.
While facing challenges in a competitive landscape, Cadence has opportunities for expansion and disruption across various sectors.

Cadence Design Systems (CDNS) reports strong Q3 earnings and emphasizes AI-driven growth strategies

Cadence Design Systems (CDNS) showcased robust financial performance in Q3 2024, with a focus on profitability, strategic partnerships, and growth opportunities. Analyst inquiries highlighted areas for potential improvement and scrutiny.

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Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. It operates through the following geographical segments: Americas, Asia, EMEA, and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence's John Wall to Present at Nasdaq Investor Conference.

Cadence's John Wall to Present at Nasdaq Investor Conference

Cadence Design Systems NASDAQ: CDNS shares are up 12% in May, given a boost, like so many other chip companies, by excitement about AI following Nvidia Corp.'s  NASDAQ: NVDA blowout quarterly report.

Cadence Design Gains 12% As AI Excitement Boosts Chip Stocks

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Cadence (CDNS) collaborates with Arm to help users enhance verification throughput and improve productivity.

Cadence (CDNS) Expands Strategic Partnership With Arm

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Cadence Design Systems has been a long-term winning stock thanks to its steady growth based on the semiconductor industry. In a new era driven by complex AI computing systems, Cadence's importance to the industry is poised to increase.

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As part of Cadence's hybrid, multi-cloud strategy, IBM Cloud HPC is helping perform large-scale tasks with speed ARMONK, N.Y. , May 3, 2023 /PRNewswire/ -- Today, IBM (IBM: NYSE) announced Cadence Design Systems, Inc. (Nasdaq: CDNS), is leveraging high-performance computing (HPC) with IBM Cloud HPC to help develop its chip and system design software faster.

Cadence Leverages IBM Cloud HPC to Accelerate Electronic Chip and System Design Software Development

With big tech shifting toward in-house chip design, Cadence stands to benefit from these growing tailwinds.

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SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced its digital and custom/analog flows have been certified to support TSMC's new DRM for the foundry's advanced N3E and N2 nodes.

Cadence Digital and Custom/Analog Design Flows Certified for TSMC's Latest N3E and N2 Process Technologies

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--The Cadence 112G-LR SerDes is silicon proven in Global Unichip Corp's AI/HPC/networking platform, demonstrating excellent performance and robustness.

Cadence Collaborates with GUC on AI, HPC and Networking in Advanced Packaging Technologies

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First-quarter revenue grew 13% year over year, beating the 12% Wall Street had expected. The quarter's earnings per share increased 10%, surpassing the 7% analysts had projected.

Cadence Design Earnings: Stock Drops 5.5% on Lighter-Than-Expected Q2 Guidance

Cadence's (CDNS) first-quarter performance gains on the back of higher demand for its products across all segments.

Cadence (CDNS) Q1 Earnings & Revenues Top Estimates, Up Y/Y

Cadence Design Systems, Inc. (CDNS) Q1 2023 Earnings Call Transcript.

Cadence Design Systems, Inc. (CDNS) Q1 2023 Earnings Call Transcript

Cadence Design Systems (CDNS) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.17 per share a year ago.

Cadence Design Systems (CDNS) Beats Q1 Earnings and Revenue Estimates

Cadence Design Systems Inc. CDNS shares fell in the extended session Monday after the software company topped Street expectations for the past quarter but isn't expected to for the current one. Cadence shares declined 5% after hours, following a less than 0.1% decline in the regular session to close at $212.98.

Cadence Design Systems stock falls 5% on short-term outlook

Cadence Design Systems beat Wall Street's targets for the first quarter but disappointed with its outlook for the current period. The post Cadence Design Systems Beats First-Quarter Views But Gives Weak Guidance appeared first on Investor's Business Daily.

Cadence Design Systems Beats First-Quarter Views But Gives Weak Guidance

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports First Quarter 2023 Financial Results.

Cadence Reports First Quarter 2023 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence taped out 16G UCIe advanced package IP on TSMC's 3nm process technology, providing an open standard for chiplet die-to-die communication.

Cadence Tapes Out 16G UCIe Advanced Package IP on TSMC's N3E Process Technology

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence unveiled its 112G-ELR SerDes IP on TSMC's N4P process for hyperscale computing, AI/ML, networking and 5G infrastructure applications.

Cadence Accelerates Hyperscale SoC Design with Next-Generation 112G Extended Long-Reach SerDes IP on TSMC's N4P Process

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Cadence's (CDNS) Q1 performance is likely to have gained from its diversified product portfolio amid increasing design activity. However, global macro weakness may have acted as a headwind.

News for Cadence Design Systems Stock (CDNS)