Cadence Design Systems (CDNS) has recently made significant strides in the market, with a number of investment firms including
Focus Partners Wealth, Pathstone Holdings LLC, NorthRock Partners LLC, Nuveen Asset Management and more boosting their holdings in CDNS. The company's stocks have noted a 267% rise for investors who invested five years ago.
Wells Fargo boosted its price target for CDNS to $365, while the company's annual forecasts were raised concerning growing
design software demand. Firms like
Quantinno Capital Management LP and
Mufg Securities Americas Inc. acted accordingly, adding CDNS shares to their portfolios.
Q1 2025 earnings call announced
strong revenue growth for the company. There is still speculation around the company being undervalued, despite its impressive stock performance and 'Buy' rating from analysts. The company is also making progressive strides towards
innovation, having unveiled AI co-processor and supercomputer developments. There are concerns, however, regarding the company's reliance on international sales, addressing which might further boost investor confidence. The company’s softer than expected 2025 guidance caused a slight dip in stock prices, but was soon followed by news of raised 2025 earnings guidance to US$5.15-5.23 billion.
Cadence Design Systems CDNS News Analytics from Tue, 18 Feb 2025 08:00:00 GMT to Sat, 17 May 2025 21:15:46 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 4
