CDNS - Cadence Design Systems, Inc.
67.21 0.00 (0.00%)
After hours: 4:26PM EST
| Previous Close | 67.58 |
| Open | 67.22 |
| Bid | 67.25 x 1400 |
| Ask | 68.47 x 1100 |
| Day's Range | 66.83 - 67.78 |
| 52 Week Range | 40.31 - 77.08 |
| Volume | 816,790 |
| Avg. Volume | 1,696,207 |
| Market Cap | 18.859B |
| Beta (3Y Monthly) | 1.15 |
| PE Ratio (TTM) | 44.22 |
| EPS (TTM) | 1.52 |
| Earnings Date | Oct 21, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 75.79 |
- Moody's
Cadence Design Systems, Inc. -- Moody's announces completion of a periodic review of ratings of Cadence Design Systems, Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cadence Design Systems, Inc. New York, November 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cadence Design Systems, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- Business Wire
New Cadence UltraLink D2D PHY IP for Die-to-Die Connectivity Enables High-Performance Applications With Cost-Effective Packaging
Silicon-proven, high-bandwidth, low-latency interface extends Cadence high-performance computing IP portfolio for AI/ML, 5G, cloud computing and networking
- American City Business Journals
Carnegie Mellon receives $6M for two computer-related professorships
Carnegie Mellon University announced Tuesday that it had received a $6 million donation to support two faculty members working in computer-related fields. The donation is courtesy of Lip-Bu Tan, the CEO of Cadence Design Systems Inc. Cadence, a multinational company in the electronic design automation industry, has created the Cadence Design Systems Endowed Chair in Computer Science. Tan and his wife Ysa have created the Tan Family Endowed Chair in Electrical and Computer Engineering.
- PR Newswire
Two Endowed Professorships Created to Support Carnegie Mellon Computer Science and Electrical and Computer Engineering Faculty
PITTSBURGH, Nov. 12, 2019 /PRNewswire/ -- Carnegie Mellon University (CMU) today announced that Cadence Design Systems, Inc. (CDNS) and its CEO, Lip-Bu Tan, have made significant gifts of $3 million each to support faculty members working in computer-related fields at CMU. Cadence, a leading multinational company in the electronic design automation industry, has created the Cadence Design Systems Endowed Chair in Computer Science. Tan and his wife, Ysa Loo, have created the Tan Family Endowed Chair in Electrical and Computer Engineering (ECE).
- Zacks
Has Cadence Design Systems (CDNS) Outpaced Other Computer and Technology Stocks This Year?
Is (CDNS) Outperforming Other Computer and Technology Stocks This Year?
- Simply Wall St.
Do Institutions Own Shares In Cadence Design Systems, Inc. (NASDAQ:CDNS)?
The big shareholder groups in Cadence Design Systems, Inc. (NASDAQ:CDNS) have power over the company. Institutions...
- Zacks
Yelp's (YELP) Q3 Earnings Miss Estimates, Ad Revenues Rise
Yelp's (YELP) third-quarter 2019 results reflect strong advertising revenue growth driven by growing Paying advertising locations.
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Scientific Games (SGMS) Posts Earnings in Q3, Revenues Miss
Scientific Games (SGMS) third-quarter 2019 results reflect strong growth across the Gaming, Lottery, SciPlay and Digital segments.
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Cadence (CDNS) is an Incredible Growth Stock: 3 Reasons Why
Cadence (CDNS) could produce exceptional returns because of its solid growth attributes.
- Business Wire
Cadence Announces Tempus Power Integrity Solution for Signoff Timing-Aware IR Drop Analysis
Highlights:
- Bloomberg
Huawei Banks on Strong Smartphone Growth Despite Blacklist
(Bloomberg) -- Huawei Technologies Co. expects smartphone shipments to grow 20% next year -- about the same pace as in 2019 -- even if it’s blocked from the latest Google software, suggesting the Trump administration efforts to contain the company’s rise may not be working.The world’s largest smartphone maker after Samsung Electronics Co. can rely on its massive home market and in-house software to drive a one-fifth rise in 2020 unit growth, said Will Zhang, Huawei’s president of corporate strategy. Sourcing the hardware for smartphone manufacturing wasn’t a problem because of the availability of global supply, he told Bloomberg News. Billionaire founder Ren Zhengfei later chimed in to say the Chinese giant should manage to move 240 million to 250 million devices in 2019, a rise of as much as 21% from last year.Huawei is approaching a critical juncture in its fight for survival, six months after Washington barred it from buying key U.S. components and software without special licenses. Those include Google’s Android operating system, semiconductor design tools from Synopsys Inc. and Cadence Design Systems Inc. and radio frequency chips made by Qorvo and Skyworks. That threatens to dent Huawei’s smartphone business, which ships more than twice as many devices as Apple Inc., while impeding its ability to make fifth-generation networking gear.Read more: Huawei Faces Worker Backlash Over Extreme Hours to Fight TrumpOn Wednesday, Ren said the inability to access Google’s latest and greatest would depress sales overseas -- but not so much in China, where consumers behind the Great Firewall have long been forced to seek out local content. Huawei in fact is working now on American alternatives to both software and components.“We have mobilized thousands of people and they are working hard to address these issues,” the founder said on a panel moderated by Bloomberg Television and live-cast from Shenzhen. “I expect that next year there will be a big rise. But we don’t know about the future.”China’s largest technology corporation is a central facet of sensitive negotiations intended to defuse trade tensions with the U.S. Commerce Secretary Wilbur Ross has expressed optimism that the U.S. would strike a “Phase One” trade deal with China this month, adding that licenses would come “very shortly” for American companies to sell components to Huawei. Till then, the U.S. blacklist is exacting an uncertain toll on the Chinese networking giant.Read more about the trade war: China Insists Trump Give Up His Favorite Trade Weapon -- TariffsZhang said in the past Huawei set one target for smartphone shipments, but now because of increased uncertainty in the market it developed three different goals that include best and worst case scenarios. Under a moderate scenario, smartphone shipments could rise around 20% next year, he said. “Even for the pessimistic one, we see small growth,” said Zhang. The best case projection is for 40% growth.Huawei, which gets roughly half of its revenue from its smartphone division, has so far managed to sustain an enviable pace of growth despite its precarious situation. It gained market share against Apple and Samsung in the third quarter by expanding smartphone shipments 29%. In its home market shipments jumped 66% in the third quarter but only rose about 18% sequentially abroad, according to Canalys. Huawei posted a 24% surge in revenue in the first nine months of 2019, boosted by a 26% jump in smartphone shipments to 185 million units.Read more: TSMC to Keep Supplying Huawei, Quashes Talk of U.S. PressureRen once predicted the Trump administration’s move could knock $30 billion off his company’s revenue. That amount was later trimmed to $10 billion. Zhang revised down the total impact amount again on Tuesday. “Now I think it’s less than $10 billion,” he said. A significant part of that comes from Huawei’s server business, which he said had been expected to generate revenue of $8 billion this year. “But that will be cut in half,” he said, because Huawei was having difficulty making servers that employed the dominant x86 architecture used by U.S. giants Intel Corp. and Advanced Micro Devices Inc. “Although servers are not our core product, every project involves one,” Zhang said.He also said 20% to 40% of Huawei’s products were affected by the ban. “Some impact was small, so we could easily find a solution within half a year or three months. But for servers, it impacted our business, our revenue and our strategy for the future as well.”Longer term, the company is exploring ways to get around a Google blockade. Huawei introduced its Mate 30 series in September, the first marquee phone that runs an open-source version of Android and lacks Google-licensed apps from Gmail to YouTube and Google Play Store. Huawei is also developing its own operating system, HarmonyOS, which is designed primarily for Internet of Things devices but can also power smartphones. In September, the company offered $1.5 billion to lure global developers to create software for its own ecosystem.“Huawei is like a chicken caught between two elephants,” said Kishore Mahbubani, a former president of the UN Security Council who was on the panel with Ren. “Huawei has got be very agile and careful as it navigates a very delicate geopolitical situation.”Read more: FCC Wants to Know if Huawei Gear Is Near U.S. Military Bases(Updates with Ren’s comments from the second paragraph)To contact the reporters on this story: Stephen Engle in Beijing at sengle1@bloomberg.net;Gao Yuan in Beijing at ygao199@bloomberg.net;Peter Elstrom in Tokyo at pelstrom@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Zacks.com featured highlights include: Heico, Microsoft, Zoetis and Cadence
Zacks.com featured highlights include: Heico, Microsoft, Zoetis and Cadence
- Zacks
4 GARP Stocks to Scoop Up for Maximum Returns
If you're looking for a profitable portfolio of stocks that will offer the best of value and growth investing, try the growth at a reasonable price or GARP strategy.
- Business Wire
Cadence Presented With Four 2019 TSMC Partner of the Year Awards
Cadence achieves recognition for joint development of N6 design infrastructure, SoIC design solution, cloud-based productivity solution and DSP IP
- Business Wire
Cadence’s Nimish Modi to Present at 6th Annual Bernstein Technology Innovation Summit in New York, NY
Cadence Design Systems, Inc. :
- GuruFocus.com
The Parnassus Fund Exits Cognizant, Cuts Alliance Data Systems
Fund's largest sales of the 3rd quarter Continue reading...
- Moody's
Cadence Design Systems, Inc. -- Moody's affirms Baa2 rating of Cadence Design Systems; outlook stable
Moody's Investors Service ("Moody's") affirmed the Baa2 senior unsecured rating of Cadence Design Systems, Inc. (Cadence). Cadence's credit profile is supported by its solid competitive position in the electronic design automation (EDA) software sector, good market growth expectations, steady cash flow generation, solid liquidity, and a modestly leveraged capital structure.
- Zacks
Is Cadence Design Systems (CDNS) Outperforming Other Computer and Technology Stocks This Year?
Is (CDNS) Outperforming Other Computer and Technology Stocks This Year?
- Thomson Reuters StreetEvents
Edited Transcript of CDNS earnings conference call or presentation 21-Oct-19 9:00pm GMT
Q3 2019 Cadence Design Systems Inc Earnings Call
- Zacks
Adobe (ADBE) Gears Up to Launch Illustrator App for iPad
Adobe (ADBE) plans to launch an iPad version of Illustrator as the next major project after Photoshop.
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Monolithic Power (MPWR) Q3 Earnings & Revenues Top Estimates
Monolithic Power (MPWR) rides on robust demand of industrial security applications, 5G based networking products, and smart lighting.
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Here is Why Growth Investors Should Buy Cadence (CDNS) Now
Cadence (CDNS) could produce exceptional returns because of its solid growth attributes.
- Business Wire
Cadence Announces First-to-Market NVMe 1.4 Verification IP for High-Performance Computing
Cadence VIP with TripleCheck reduces time to market and supports the next-generation NVMe standard
