Published on 21 Mar 2024 on Zacks via Yahoo Finance
Cadence Design Systems, Inc CDNS top-line performance is gaining from solid demand for its diversified product portfolio.
Cadence offers products and tools that help customers design electronic products. The company’s core electronic design automation software and services enable engineers to develop different types of ICs.
Solid financial performance has also led to a good run on the trading front. The company’s shares have gained 55.3% in the past year compared with the sub-industry’s and S&P 500 Composite’s growth of 51.4% and 32.6%, respectively.