Cadence Design Systems with ticker code (CDNS) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 90 and 63.5 calculating the mean target price we have 81.71. Given that the stocks previous close was at 54.6 this would indicate that there is a potential upside of 49.7%. The 50 day MA is 70.11 and the 200 day MA is 68.55. The market cap for the company is $16,513m. You can visit the company’s website by visiting: http://www.cadence.com
Cadence Design Systems provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products; physical implementation tools, including place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system interconnect design products to develop printed circuit boards and IC packages. Further, the company provides design intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer’s ICs; and verification IP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. Cadence Design Systems was founded in 1988 and is headquartered in San Jose, California.