Cadence Design Systems: Premium Play Still Awarded Premium Valuation [Seeking Alpha]
Cadence Design Systems, Inc. (CDNS)
Last cadence design systems, inc. earnings: 4/20 04:05 pm
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US:NASDAQ Investor Relations:
cadence.com/company/investor_relations/index.aspx?lid=investor_relations
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Source: Seeking Alpha
Follow Play 7min Summary Cadence Design Systems has seen a significant rally due to its growing role in semiconductor markets, but shares remain expensive despite a recent pullback. CDNS provides high-end computation software essential for advancing megatrends like AI, 5G, and IoT, supported by a strong global workforce and strategic M&A. Despite solid financial performance and a robust backlog, current valuations are high, with realistic earnings multiples seen around 55 times. While optimistic about Cadence's long-term positioning, I need further share price stagnation or pullbacks for a more compelling investment opportunity. Mrinal Pal This spring, I called Cadence Design Systems ( NASDAQ: CDNS impressive by design. Shares had seen a huge rally as investors recognized its growing importance in semiconductor and other markets. As a result of many green lights, shares commanded a premium valuation, too much of a premium for me to see appeal. Following a modest p
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CDNS
News
- With 88% ownership, Cadence Design Systems, Inc. (NASDAQ:CDNS) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
- TSMC and Cadence Collaborate to Deliver AI-Driven Advanced-Node Design Flows, Silicon-Proven IP and 3D-IC Solutions [Yahoo! Finance]Yahoo! Finance
- TSMC and Cadence Collaborate to Deliver AI-Driven Advanced-Node Design Flows, Silicon-Proven IP and 3D-IC SolutionsBusiness Wire
- OpsHub Announces OEM Partnership with Cadence for Verisium Manager Integration SupportPR Web
- Cadence Design Systems, Inc. (NASDAQ: CDNS) is now covered by analysts at Oppenheimer Holdings Inc.. They set an "underperform" rating and a $225.00 price target on the stock.MarketBeat
CDNS
Earnings
- 7/22/24 - Beat
CDNS
Sec Filings
- 9/19/24 - Form 4
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- CDNS's page on the SEC website