Cadence Design Systems Stock
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 | -0.710% | 1.492% | -3.627% | 6.781% | -5.571% | 40.088% | 118.109% |
| CDW Corp. | 0.870% | -1.181% | 0.288% | -39.162% | -11.248% | -45.239% | - |
| Jack Henry & Associates Inc. | 0.420% | -3.176% | -10.857% | -19.734% | -16.288% | -15.163% | 6.549% |
| Epam Systems Inc. | -0.600% | 1.187% | -34.188% | -40.414% | -33.639% | -59.522% | -61.488% |
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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.The financials of Cadence Design Systems (CDNS) present a compelling case for analysis within the Software & IT Services industry. The company showcases a solid revenue growth trajectory, impressive profitability metrics, and a robust market presence, which together paint a promising picture. However, while the financial performance appears strong, there are nuanced aspects that warrant closer examination, including high valuation multiples and potential risks.
Commencing with the positives, Cadence Design Systems demonstrates remarkable revenue growth and profitability. The total revenue for 2023 stands at approximately $4.09 billion, indicating a significant increase over previous years. With a gross profit of around $3.65 billion, the company maintains a strong gross profit margin that reflects effective cost control and demand for its software solutions.
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