Skip to Content

Cadence Design Systems Inc - Stock Quote CDNS

Rating as of

Morningstar's Cadence Design Systems Inc Stock Analysis

Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Cadence Has a Strong Position in EDA With a Long Growth Runway

Business Strategy and Outlook

| Abhinav Davuluri, CFA |

Cadence provides electronic design automation, or EDA, software, intellectual property, and system design and analysis products that are critical to the semiconductor chip design process. As secular trends toward artificial intelligence, 5G communications, autonomous vehicles, and cloud computing, among others, accelerate, we expect that Cadence will benefit from both the rising complexity of chip designs and the advancing digitalization of various end markets. We believe narrow-moat Cadence has a long growth runway as it uses strategic organic and inorganic investments to expand its platform amid a growing semiconductor landscape.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics - CDNS

Cadence Design Systems Inc's Company Profile

Business Description

Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence’s comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.

2655 Seely Avenue, Building 5
San Jose, CA, 95134
T +1 408 943-1234
Industry Software - Application
Most Recent Earnings Mar 31, 2022
Fiscal Year End Jan 1, 2023
Stock Type Aggressive Growth
Employees 9,300