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Cadence Design Systems - CDNS STOCK NEWS

Welcome to our dedicated page for Cadence Design Systems news (Ticker: CDNS), a resource for investors and traders seeking the latest updates and insights on Cadence Design Systems stock.

Cadence Design Systems (symbol: CDNS) is a leading provider of electronic design automation (EDA) software, semiconductor intellectual property (IP), and system design and analysis products. The company empowers engineers with cutting-edge tools for the design and verification of giga-scale, giga-hertz system-on-chips (SoCs) at the latest semiconductor processing nodes.

Cadence’s core offerings include custom/analog tools that aid in designing transistors, standard cells, and IP blocks essential for SoCs. Their digital tools automate the intricate design processes, ensuring high efficiency and accuracy. Additionally, Cadence provides comprehensive IC packaging and printed circuit board (PCB) tools that facilitate the design of complete boards and subsystems.

Expanding its portfolio, Cadence offers design IP and verification IP for a range of components, including memories, interface protocols, analog/mixed-signal parts, and specialized processors. The company also presents integrated hardware/software co-development platforms that support system-level design, making it a one-stop solution for various design needs.

Cadence's technology significantly contributes to building innovative products that connect the world. The convergence of semiconductor companies and system companies moving towards mutual integration is expanding Cadence’s customer base. This shift, along with the ongoing digitalization across industries, places Cadence in a strategic position to benefit from the growing demand for advanced EDA solutions.

Recent achievements and projects highlight Cadence’s commitment to innovation and excellence. Their end-to-end solutions cater to a broad range of industries, ensuring robust performance and high-quality designs. With a focus on sustainability and cutting-edge technology, Cadence continues to lead the market, fostering advancements in electronics design and automation.

For the latest updates and news on Cadence Design Systems, investors and interested parties can visit our StockTitan page dedicated to CDNS, which provides comprehensive and up-to-date information on their stock performance, events, and significant developments.

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Neurinnov is transforming tetraplegic patient care with Cadence technology. They are 60% complete with industrialization and use Cadence tools for their implantable device. The technology aims to restore hand grasping for quadriplegic patients, reducing their dependence on caregivers.
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Cadence expands collaboration with Arm to accelerate data center silicon success on the Neoverse V2 platform
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Cadence Design Systems, Inc. CFO to participate in Deutsche Bank 2023 Technology Conference
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Cadence Design Systems partners with The National Graduate Engineering Minorities (GEM) Consortium to support students from underrepresented communities pursuing STEM degrees. Over 400 students have been placed in roles across the United States, making it one of GEM's largest fellowship classes. Cadence welcomed three PhD candidates as interns this summer, providing them with industry experience and the opportunity to connect with professionals through the Career Catalyst program.
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Cadence Design Systems, Inc. reports Q2 2023 revenue of $977 million, a 14% increase YoY. Operating margin for Q2 2023 was 31%, and net income was $221 million. Cadence raises revenue, operating margin, and EPS guidance for 2023. Revenue outlook for the second half of 2023 represents a YoY growth of approximately 15%.
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Cadence Design Systems, Inc. (Nasdaq: CDNS) and Rambus Inc. (Nasdaq: RMBS) have entered into a definitive agreement for Cadence to acquire the Rambus SerDes and memory interface PHY IP business. Rambus will retain its digital IP business. The acquisition brings Cadence proven and experienced PHY engineering teams in the United States, India, and Canada, expanding Cadence’s talent base. The transaction is expected to be immaterial to revenue and earnings this year for each company.
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Cadence Design Systems (CDNS) Partners with Team4Tech for Sixth Consecutive Year to Improve Communities Through Technology
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FAQ

What is the current stock price of Cadence Design Systems (CDNS)?

The current stock price of Cadence Design Systems (CDNS) is $312.39 as of November 25, 2024.

What is the market cap of Cadence Design Systems (CDNS)?

The market cap of Cadence Design Systems (CDNS) is approximately 85.2B.

What does Cadence Design Systems do?

Cadence Design Systems provides electronic design automation software, semiconductor IP, and system design and analysis products.

What are the core products offered by Cadence?

Cadence offers custom/analog tools, digital design automation tools, IC packaging and PCB tools, design IP, and verification IP.

How does Cadence benefit semiconductor companies?

Cadence's solutions help semiconductor companies automate and optimize their design processes, enhancing efficiency and accuracy.

What industries use Cadence's products?

Various industries, including semiconductor, consumer electronics, automotive, and more, utilize Cadence's design and verification solutions.

What recent achievements has Cadence accomplished?

Cadence has been recognized for its innovative EDA solutions and has expanded its portfolio to include more advanced design and verification tools.

How does Cadence support system-level design?

Cadence provides integrated hardware/software co-development platforms that aid in system-level analysis and verification.

What makes Cadence's EDA software unique?

Cadence's EDA software offers a full-flow end-to-end solution that enhances design accuracy, productivity, and complexity management.

How can investors stay updated on Cadence's latest news?

Investors can visit the StockTitan page dedicated to Cadence Design Systems for the latest news, updates, and stock performance information.

What is the significance of Cadence's design IP portfolio?

Cadence's design IP portfolio supports a wide range of components, helping companies develop high-quality and robust electronic products.

How does digitalization affect Cadence's business?

The digitalization of various end markets increases the demand for advanced EDA solutions, benefiting vendors like Cadence.

Cadence Design Systems

Nasdaq:CDNS

CDNS Rankings

CDNS Stock Data

85.21B
272.01M
0.81%
90.96%
1.43%
Software - Application
Services-prepackaged Software
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United States of America
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