Cadence Design Systems

CDNS

Market cap $84.9B

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence to Present at UBS Global Technology and AI Conference.

Recently, Zacks.com users have been paying close attention to Cadence (CDNS). This makes it worthwhile to examine what the stock has in store.

Cadence Design Systems, Inc. ( CDNS ) Wells Fargo's 9th Annual TMT Summit November 18, 2025 11:45 AM EST Company Participants John Wall - Senior VP & CFO Matt Alter Conference Call Participants Joseph Quatrochi - Wells Fargo Securities, LLC, Research Division Presentation Joseph Quatrochi Wells Fargo Securities, LLC, Research Division Perfect. So we'll go ahead and get started.

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence announced the appointment of Dr. Luc Van den hove to its board of directors, effective January 1, 2026.

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence to Present at Wells Fargo TMT Summit.

Zacks.com users have recently been watching Cadence (CDNS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Cadence Design Systems is a market leader in AI and digital twin technology, driving strong demand across automotive, computing, and communications sectors. CDNS reported a robust FQ3 2025, with double-digit revenue and EPS growth, record $7B backlog, and expanding margins, supporting premium valuation. Despite a forward P/E of 48, CDNS's rapid growth, high margins, and financial flexibility justify a Buy rating and a $386 price target (14% upside).

CDNS' third-quarter earnings beat estimates as AI-fueled demand and record $7 billion backlog drive strong growth momentum.

Cadence (CDNS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence has completed the acquisition of Secure-IC, a leader in embedded security IP, security solutions and security evaluation tools and services.