Cadence Design Systems Aktie News

After leading the market higher coming out of the 2022 bear market, technology stocks have hit a rough patch. Sentiment towards the mega-cap tech companies has also shifted, as it now looks like interest rates will remain higher for longer.

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence and TSMC extended their longstanding collaboration by announcing a broad range of innovative technology advancements to accelerate design.

Cadence Design Systems reported a slight revenue beat but missed EPS estimates in Q1 2024. The company demonstrated technological innovation with its Cadence.AI portfolio and next-generation systems.

Cadence Design Systems, Inc. (NASDAQ:CDNS ) Q1 2024 Earnings Conference Call April 22, 2024 5:00 PM ET Company Participants Richard Gu - VP, IR Anirudh Devgan - President and CEO John Wall - SVP and CFO Conference Call Participants Joe Vruwink - Baird Charles Shi - Needham & Company Lee Simpson - Morgan Stanley Ruben Roy - Stifel Jay Vleeschhouwer - Griffin Securities Gary Mobley - Wells Fargo ...

Cadence Design Systems topped estimates for the first quarter but guided well below views for the current quarter.

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Reports First Quarter 2024 Financial Results.

Cadence Design Systems on Wednesday introduced the latest version of supercomputer based around a custom computing chip designed to speed up the creation of other computing chips and the software that will run on them.

Cadence Design Systems is a key player in the semiconductor sector, providing Electronic Design Automation (EDA) for chip designers. The company has outperformed its competitors over the past decade and has a premium valuation due to its steady growth and high margins. There is potential for further growth in the future, driven by increased demand for EDA in the race for AI capabilities in the ...