Cadence Design Systems Inc.

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SKU: CDNS-1 Category:

Description

Cadence Design Systems delivered strong financial results driven by the accelerating demand of customers for its innovative solutions. The company’s Systems Design & Analytics segment continues to deliver robust, double-digit growth, the revenue increasing by 17% every year. Signoff and Digital delivered strong results with 18% revenue growth year-over-year. Its new Dynamic Duo named protium X2 and Palladium Z2 have been driving most of the hardware orders. The differentiated systems, IP, and EDA solutions of the company are being adopted increasingly by an increasing number of systems companies like Tesla. In the previous quarter, the company launched Hybrid and Helium virtual studio, Midas Safety Platform, Tensilica AI Platform, and Integrity 3D-IC Platform. Across all of its business groups, Cadence successfully introduced 13 noteworthy innovative products this year. Cadence Celebrus solution, which uses ML/ AI technology to deliver productive gains, performance, power, and significant PPA, has shown a growing momentum. Cadence has been expanding its business which includes a wide expansion of its EDA software with hyper-scale customers. Cadence’s logic stimulator named Xcelium-ML, which is ML optimized, could deliver up to 5 times quicker regressions. Overall, being optimistic about the future growth of Cadence, we give the stock of the company an ‘Outperform’ rating with a revision in target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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