STOCK TITAN
  1. Home
  2. News
  3. CDNS

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.

News

DEI@Cadence: Sharing and Learning in 2023

Rhea-AI Summary
Cadence Design Systems is committed to diversity, equity, and inclusion (DEI) and has implemented initiatives to celebrate diverse perspectives and create equal opportunities for workers. The company launched the DEI@Cadence blog series in 2023 and has been sharing stories of women in technology, experiences of employees at new locations, and organizing events and celebrations to bring employees together.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
none
-
News

Cadence Unveils New Palladium Z2 Apps with Industry’s First 4-State Emulation and Mixed-Signal Modeling to Accelerate SoC Verification

Rhea-AI Summary
Cadence Design Systems, Inc. (Nasdaq: CDNS) has announced a new portfolio of applications for its Palladium Z2 Enterprise Emulation System, including the 4-State Emulation App, Real Number Modeling App, and Dynamic Power Analysis App. These apps enhance system design complexity management, improve system-level accuracy, and accelerate low-power verification for advanced applications, such as AI/ML, hyperscale, and mobile. The company's customers are able to address the growing challenges of system design complexity with the industry-leading performance and features offered by the new and enhanced Palladium Apps.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
none
-
News

Cadence Soars up the Wall Street Journal List of Best Managed Companies in 2023

Rhea-AI Summary
Cadence (CDNS) has secured the #74 spot on the 2023 Wall Street Journal List of Best Managed Companies, reflecting its commitment to excellence in management practices, innovation, and strategic leadership. The company also emerged as a standout performer in the Employee Engagement subcategory, showcasing its dedication to fostering a workplace culture that values and engages its employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
none
News

Cadence Wins TCSA Top 10 Foreign Sustainable Model Companies Award

Rhea-AI Summary
Cadence Design Systems (CDNS) Wins Top 10 Foreign Sustainable Model Companies Award from Taiwan Institute for Sustainable Energy (TAISE)
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
none
-
News

WPI Enables More Accurate, Non-Invasive, and Remote Patient Monitoring with Cadence

Rhea-AI Summary
Cadence Design Systems (CDNS) partners with Worcester Polytechnic Institute (WPI) to develop a new sensor for remote patient monitoring, particularly for babies. The sensor aims to provide accurate and non-invasive monitoring of important variables like oxygen and carbon dioxide levels, allowing doctors to provide better care to infants. WPI's monitors, developed with the help of Cadence tools, are designed to be more accessible, accurate, and family-friendly, reducing the burden on healthcare and enabling remote patient monitoring.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
none
-
News

Cadence Acquires Invecas to Accelerate System Realization

Rhea-AI Summary
Cadence Design Systems, Inc. (Nasdaq: CDNS) has acquired Invecas, Inc., a leading provider of design engineering, embedded software, and system-level solutions, adding skilled system design expertise to Cadence. The acquisition brings a skilled engineering team centered in Hyderabad, led by Invecas CEO Dasaradha Gude, with vast experience in delivering end-to-end system solutions. Invecas has extensive experience designing chips and taking them to production, serving hundreds of customers across various verticals. The acquisition is expected to be immaterial to Cadence’s total revenue and earnings this year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.64%
Tags
acquisition
News

Cadence Announces Fourth Quarter and Fiscal Year 2023 Financial Results Webcast

Rhea-AI Summary
Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its Q4 and fiscal year 2023 financial results webcast on February 12, 2024, featuring Dr. Anirudh Devgan, president and CEO, and John Wall, CFO. The webcast will be available online until March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.64%
Tags
earnings
-
News

Cadence AI-Driven Multiphysics System Analysis Solution Enables Wistron to Dramatically Accelerate Product Development

Rhea-AI Summary
Cadence Design Systems, Inc. (Nasdaq: CDNS) announced that Wistron has adopted the AI-driven electromagnetic (EM) in-design analysis workflow, resulting in a 2X improvement in turnaround time for the design of an 800G network switch. The use of the Cadence Optimality Intelligent System Explorer and Clarity 3D Solver has allowed Wistron to analyze large volumes of data, improving overall design reliability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
AI
-
News

DEI at Cadence: Cadence Women Conference 2023 Recap Around the Globe

Rhea-AI Summary
Cadence Design Systems (CDNS) Hosts Inaugural Global Women Conference, Emphasizing Diversity, Equity, and Inclusion
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
Tags
none
News

Cadence Partners with Antiviral Discovery Consortium to Spearhead Rapid Development of Treatments for Viral Pandemics

Rhea-AI Summary
Cadence Molecular Sciences (OpenEye), a business unit of Cadence Design Systems (Nasdaq: CDNS), is providing molecular design software to power the open-science AI-driven Structure-enabled Antiviral Platform (ASAP) Discovery Consortium. The $68 million NIH grant will support the development of antivirals to prevent future pandemics. The ASAP Consortium aims to deliver multiple drug candidates ready for evaluation in humans in the event of an ongoing or emerging pandemic threat. OpenEye's software will aid in advancing therapeutics for under-researched diseases and preparing for pandemics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
partnership

FAQ

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

The current stock price of Cadence Design Systems (CDNS) is $301.47 as of December 20, 2024.

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

The market cap of Cadence Design Systems (CDNS) is approximately 82.2B.

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.

Stock CDNS logo
Cadence Design Systems

Nasdaq:CDNS

CDNS Rankings

#156 Ranked by Market Cap
N/A Ranked by Dividends

CDNS Stock Data

82.24B
272.01M
0.81%
90.99%
1.32%
Software - Application
Services-prepackaged Software
Link
United States of America
SAN JOSE