Cadence Design Systems Stock
€263.90
Your prediction
Cadence Design Systems Stock
Pros and Cons of Cadence Design Systems in the next few years
Pros
Cons
Performance of Cadence Design Systems vs. its peers
Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
---|---|---|---|---|---|---|---|
Cadence Design Systems | 2.210% | 0.323% | -9.561% | 42.958% | 6.497% | 121.281% | 335.335% |
Gartner Inc. | 0.530% | 1.427% | -4.553% | 57.159% | 2.543% | 155.671% | - |
CrowdStrike Holdings Inc | 2.030% | 7.183% | -6.971% | 152.532% | 23.185% | 53.053% | - |
Cognizant Technology Solutions Corp. | 0.370% | -1.153% | -6.417% | 18.216% | -8.791% | -4.938% | -4.779% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon a first glance at the financials of Cadence Design Systems (CDNS), the company appears to hold a strong financial position in the Software & IT Services industry. The company's total assets, revenue, and net income show consistent growth year over year. Further analysis of various financial parameters is needed to detect potential pros and cons, providing a deeper insight into the financial health of the company.
*Pros: *
Asset Growth: Cadence Design has been able to grow its total assets consistently over the last few years, from $3.95 billion in 2020 to $5.13 billion in 2022. This growth indicates that the company's performance is robust and can continue to expand its asset base.
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