On July 07, 2026, we present a DCF analysis for Cadence Design Systems Inc (CDNS), a company that has shown a price performance of +20.2% year-to-date and +15.0
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS--Cadence (Nasdaq: CDNS) will hold its second quarter 2026 financial results webcast on Monday, July 27, 2026.
An Evercore analyst notes that infrastructure software stocks have vastly outperformed application names. But there's still hope for companies like Salesforce.
Investors interested in stocks from the Computer - Software sector have probably already heard of Progress Software (PRGS) and Cadence Design Systems (CDNS). But which of these two stocks offers value investors a better bang for their buck right now?
Cadence (CDNS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
I rate Cadence Design Systems a Buy with a $460 price target, reflecting 37% upside potential from the current level of $379. My growth drivers are agentic AI inside core EDA, semiconductor IP tied to memory and interconnect, SDA after Hexagon, and steady EPS support from buybacks and acquisition accretion. I assume these growth drivers can support the EPS to move from the current $7.90 to a 2028 adjusted EPS estimate of $10.07.