SNPS - Cadence Design Systems: A Lot To Like But Not At This Price
2024-05-08 07:16:37 ET
Summary
- Cadence Design Systems is a leading company in the electronic design automation and semiconductor intellectual property industry.
- The EDA market experiences steadier demand compared to the broader semiconductor market.
- Despite long-term growth potential, it is recommended to hold CDNS stock and consider investing in its closest peer, Synopsys, due to better investment fundamentals and near-term outlook.
Introduction
Cadence Design Systems ( CDNS ) is an electronic design automation (EDA) and semiconductor intellectual property ((IP)) company. Cadence is the number two player in EDA behind Synopsys ( SNPS ) and number three in IP behind SNPS and ARM (ARM)....
Cadence Design Systems: A Lot To Like, But Not At This Price