Cadence Design Systems, Inc. - Common Stock (CDNS)
326.81
+15.86 (5.10%)
NASDAQ · Last Trade: Jul 3rd, 10:14 PM EDT
Detailed Quote
Previous Close
310.95
Open
326.47
Bid
328.00
Ask
329.90
Day's Range
321.38 - 330.09
52 Week Range
221.56 - 330.09
Volume
2,274,820
Market Cap
90.45B
PE Ratio (TTM)
82.74
EPS (TTM)
4.0
Dividend & Yield
N/A (N/A)
1 Month Average Volume
1,696,632
Chart
About Cadence Design Systems, Inc. - Common Stock (CDNS)
Cadence Design Systems is a leading technology company that specializes in electronic design automation (EDA) software and engineering services. The company provides a comprehensive suite of tools and solutions that facilitate the design, verification, and implementation of integrated circuits and electronic systems. Cadence's offerings enable engineers to create innovative products across various industries, including consumer electronics, automotive, and telecommunications. By leveraging advanced algorithms and machine learning, Cadence helps customers improve their design efficiency, reduce time to market, and enhance the overall performance of their electronic products. Read More
Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) jumped 5% in the afternoon session after the U.S. government lifted export restrictions on certain chip design software to China. The move signaled a de-escalation in a trade dispute that had previously required U.S. firms to obtain licenses for selling specific electronic design automation (EDA) tools in China. Cadence, a major player in the EDA software market, confirmed it was restoring access for its Chinese customers. This development is significant as it reopens a critical market for the company. Analysts anticipated that renewed access to the Chinese market could lead to a notable revenue increase for EDA firms like Cadence. The easing of these trade tensions provides a clearer outlook for the company's sales in the region, which had been clouded by the restrictions imposed in May.
Shares of chip design firms Cadence Design Systems Inc (NASDAQ:CDNS) and Synopsys Inc (NASDAQ:SNPS) are rising Thursday after the U.S. Department of Commerce rescinded China export restrictions.
Today's jobs report will prompt more urgent calls for the Federal Reserve to cut interest rates if the unemployment rate rises and payroll growth undershoots.
Apple's top hardware executive Johny Srouji said the company plans to use generative AI to accelerate custom chip design, calling it a major productivity boost and highlighting Apple's bold, no-backup transition to Apple Silicon.
CADENCE DESIGN SYS INC (CDNS) shows strong growth fundamentals and a promising technical setup, making it a stock worth watching for investors seeking growth opportunities.
Cadence (Nasdaq: CDNS) today announced an expansion of its collaboration with Samsung Foundry, including a new multi-year IP agreement to broaden Cadence® memory and interface IP solutions in Samsung Foundry’s SF4X, SF5A and SF2P advanced process nodes. Furthering their ongoing technology collaboration, the companies are leveraging Cadence’s AI-driven design solutions and Samsung’s advanced SF4X, SF4U and SF2P process nodes to deliver high-performance, low-power solutions for AI data center, automotive—including advanced driver-assistance systems (ADAS)—and next-generation RF connectivity applications.
At NVIDIA GTC Paris, Cadence (Nasdaq: CDNS) announced it is providing optimized solutions for the world’s first industrial AI cloud in collaboration with NVIDIA.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
