Cadence Design System Inc Stock Price, News & Analysis

Cadence Design Systems collaborates with GlobalFoundries to enhance silicon photonics development for diverse applications like 5G, healthcare, automotive, and aerospace. Their integrated Cadence photonics solution is optimized for the GF Fotonix platform, combining photonics and RF-CMOS on a single chip. This collaboration aims to streamline design processes, enabling rapid product development while significantly improving performance and reducing costs. The comprehensive solution includes the Virtuoso IC Design Platform and Voltus-Fi, facilitating electronic and photonic design efficiency.

Cadence Design Systems, Inc. (Nasdaq: CDNS) will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 8, 2022. CEO Anirudh Devgan and CFO John Wall will present at 4:10 p.m. PST, with a webcast available for live viewing. The presentation will be archived for replay until 5:00 p.m. PDT on April 1, 2022. Cadence is recognized for its leadership in electronic systems design and has been named one of Fortune's 100 Best Companies to Work For for seven consecutive years.

Cadence Design Systems has won the TSMC Open Innovation Platform® Ecosystem Forum Customers’ Choice award for its paper on the Integrity 3D-IC Platform, showcasing its top ranking among attendees. This platform provides a unified solution for 3D-IC design, enabling efficient chiplet performance through advanced thermal and timing analyses. Designed to facilitate quicker design cycles and superior product outcomes, it supports areas like hyperscale computing and automotive applications. Cadence emphasized its collaboration with TSMC to enhance design capabilities across industries.

Cadence Design Systems (Nasdaq: CDNS) will feature John Wall, CFO, and Nimish Modi, SVP of Marketing, in a virtual fireside chat at the Berenberg Thematic Software Conference on March 1, 2022. The event starts at 11:00 a.m. EST and will be available via webcast. A replay will be accessible from March 2 at 9:00 a.m. until April 1 at 5:00 p.m. PDT on Cadence’s investor relations page. Cadence, a leader in electronic systems design, is recognized for its Intelligent System Design strategy and has been named one of the 100 Best Companies to Work For by Fortune.

Cadence Design Systems reported a strong financial performance for 2021, with revenue reaching $2.988 billion, up from $2.683 billion in 2020. Net income rose to $696 million ($2.50 per share), compared to $591 million ($2.11 per share) in the previous year. The fourth quarter revenue was $773 million, slightly increasing from $760 million year-over-year. The company expects first-quarter 2022 revenue between $850 million to $870 million, and 2022 revenue to range from $3.32 billion to $3.38 billion, reflecting steady growth and operational improvements.

Cadence Design Systems and Dassault Systèmes announced a strategic partnership to offer integrated solutions for high-performance electronic systems. This partnership combines the Cadence Allegro platform with the 3DEXPERIENCE platform, enabling efficient modeling, design, and product lifecycle management across various industries, including healthcare and aerospace. The collaboration aims to enhance innovation, optimize the development process, and improve product quality through advanced virtual twin experiences that aid in decision-making and accelerate time-to-market.

Cadence Design Systems (CDNS) is participating in Qorvo's Heterogeneous Integrated Packaging (SHIP-RF) Design Center, a DoD-backed initiative designed to enhance microelectronics capabilities in the U.S. Cadence will provide essential tools and methodologies to support the design of advanced RF and mixed-signal systems for aerospace and defense applications. This partnership aims to reduce development time and costs while increasing design productivity. Cadence is recognized as a Trusted Supplier by the DoD, marking its significance in the defense sector.

Cadence Design Systems has joined the Intel Foundry Services (IFS) Ecosystem Alliance to enhance SoC design capabilities. This partnership enables Cadence to access advanced IC packaging technologies and design roadmaps, optimizing their EDA tools for Intel's processes. The collaboration aims to help customers accelerate time to market while minimizing risks and costs, supporting Cadence's Intelligent System Design strategy. The initiative addresses the increasing demand for efficient, high-performance chips necessary for evolving technology applications.

Cadence Design Systems (CDNS) has appointed Mary Louise (ML) Krakauer to its board of directors, effective January 31, 2022. Krakauer brings extensive experience from her roles at major technology firms such as Dell and EMC. Executive Chairman Lip-Bu Tan emphasized her strategic insights, which are expected to accelerate the company's growth under its Intelligent System Design strategy. Cadence continues to be recognized as a leading electronic systems design firm, aiming to enhance shareholder value.