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Cadence Design Systems, Inc. - CDNS STOCK NEWS

Welcome to our dedicated news page for Cadence Design Systems (Ticker: CDNS), a resource for investors and traders seeking the latest updates and insights on Cadence Design Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cadence Design Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cadence Design Systems's position in the market.

Rhea-AI Summary
Cadence Design Systems, Inc. announces Anirudh Devgan, President and CEO, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2024. The webcast will be live at 3:35 p.m. PST and archived on the Cadence website for 180 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
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conferences
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Rhea-AI Summary
Cadence Design Systems, Inc. expands its Tensilica IP portfolio with new high-performance Vision DSPs and a radar accelerator to address automotive sensor fusion applications. The new DSPs combine vision, radar, lidar, and AI processing in a single unit, offering energy efficiency and performance benefits. The press release highlights the increasing computational requirements in automotive sensor fusion systems, customer demand for these solutions, and the expected growth in imaging and 4D radar technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
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Rhea-AI Summary
Cadence showcases its commitment to diversity, equity, and inclusion through its DEI initiatives and women-centric programs. The company's global workforce reflects a multicultural environment, with Cadence Cork standing out as a beacon of equity and opportunity. Through various programs like Women's Leadership Development and Cadence Women's Ireland Network, Cadence empowers women to excel in leadership roles and fosters a supportive and inclusive workplace culture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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Rhea-AI Summary
Intel Foundry Services (IFS) and Cadence Design Systems, Inc. (CDNS) have expanded their partnership with a multiyear strategic agreement to develop customized IP, design flows, and techniques for Intel's advanced RibbonFET processes on Intel 18A and beyond. This collaboration aims to accelerate SoC project schedules for demanding AI, HPC, and mobile applications, enhancing Intel's IDM 2.0 strategy and strengthening offerings for IFS customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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partnership
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Rhea-AI Summary
Intel Foundry Services (IFS) and Cadence Design Systems, Inc. (CDNS) have expanded their partnership with a multiyear strategic agreement to develop customized IP, design flows, and techniques for Intel's advanced RibbonFET processes on Intel 18A and beyond. This collaboration aims to accelerate SoC project schedules for demanding AI, HPC, and mobile applications, enhancing Intel's IDM 2.0 strategy and strengthening offerings for IFS customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.32%
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partnership
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Rhea-AI Summary
Cadence Design Systems, Inc. (CDNS) reported strong financial results for Q4 2023 and FY 2023, with total revenue up 15% YoY and EPS up over 20% YoY. The company achieved a record backlog of $6.0 billion and cRPO of $3.2 billion. Anirudh Devgan, the CEO, attributed the success to innovative solutions and Intelligent System Design strategy.
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-4%
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earnings
Rhea-AI Summary
Cadence Design Systems, Inc. (CDNS) and Dassault Systèmes partner to integrate AI-driven Cadence OrCAD X and Allegro X with 3DEXPERIENCE SOLIDWORKS, offering an end-to-end solution for next-generation product development with up to a 5X reduction in design turnaround time.
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End-of-Day
-1.72%
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Rhea-AI Summary
Cadence Design Systems, Inc. (CDNS) has announced the Cadence® Millennium™ Enterprise Multiphysics Platform, the industry’s first hardware/software accelerated digital twin solution for multiphysics system design and analysis. This first-generation solution accelerates high-fidelity computational fluid dynamics (CFD) simulations, offering up to 1000 CPU cores equivalent throughput per GPU, 20X better energy efficiency than its CPU equivalent, and unmatched accuracy to address complex simulation challenges. The platform leverages GPU and CPU computing and proprietary software algorithms to deliver up to 100X design impact through accuracy, speed, and scale. It is targeted at automotive, A&D, energy, turbomachinery, and data center markets, providing a flexible and scalable solution for customers’ deployment needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
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Rhea-AI Summary
Cadence Design Systems, Inc. (Nasdaq: CDNS) has announced the industry's first complete AI thermal design and analysis solution for electronic systems, called Celsius Studio. This solution addresses thermal analysis and thermal stress for 2.5D and 3D-ICs and IC packaging, as well as electronics cooling for PCBs and complete electronic assemblies. Celsius Studio introduces a unified platform that allows electrical and mechanical/thermal engineers to concurrently design, analyze, and optimize product performance without the need for geometry simplification, manipulation, and/or translation. The solution is architected for massively parallel execution and achieves up to 10X faster performance than prior solutions. Celsius Studio is seamlessly integrated within Cadence IC, packaging, PCB, and microwave design platforms, enabling in-design thermal analyses as well as final signoff. The solution brings a new system-level thermal integrity solution into the marketplace, converging electro-thermal co-simulation, electronics cooling, and thermal stress into one cohesive offering. It is made possible by Cadence's acquisition of Future Facilities in 2022. Celsius Studio delivers benefits such as ECAD/MCAD unification, AI design optimization, in-design analysis of 2.5D and 3D-IC packages, micro-to-macro modeling, large-scale simulation, multi-stage analyses, and true system-level thermal analyses. It is integrated with Cadence's implementation platforms, including Virtuoso Layout Suite, Allegro X Design Platform, Innovus Implementation System, Optimality Intelligent System Explorer, and AWR Design Environment. Customer endorsements from Samsung Semiconductor, BAE Systems, and Chipletz highlight the positive impact of Celsius Studio on product development, design insights, and thermal problem resolution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
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AI
Rhea-AI Summary
Cadence Design Systems is committed to diversity, equity, and inclusion (DEI) and has implemented initiatives to celebrate diverse perspectives and create equal opportunities for workers. The company launched the DEI@Cadence blog series in 2023 and has been sharing stories of women in technology, experiences of employees at new locations, and organizing events and celebrations to bring employees together.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
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Cadence Design Systems, Inc.

Nasdaq:CDNS

CDNS Rankings

CDNS Stock Data

85.82B
269.43M
0.89%
91.45%
0.93%
Software Publishers
Information
Link
United States
San Jose

About CDNS

cadence is a leading provider of eda and semiconductor ip. our custom/analog tools help engineers design the transistors, standard cells, and ip blocks that make up socs. our digital tools automate the design and verification of giga-scale, giga-hertz socs at the latest semiconductor processing nodes. our ic packaging and pcb tools permit the design of complete boards and subsystems. cadence also offers a growing portfolio of design ip and verification ip for memories, interface protocols, analog/mixed-signal components, and specialized processors. and reaching up to the systems level, cadence offers an integrated suite of hardware/software co-development platforms. in short, cadence® technology helps customers build great products that connect the world.