Cadence Design Systems Inc

NASDAQ CDNS

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Cadence Design Systems Inc Market Capitalization on June 03, 2024: USD 77.87 B

Cadence Design Systems Inc Market Capitalization is USD 77.87 B on June 03, 2024, a 22.98% change year over year. Market capitalization is a financial metric that represents the total value of a publicly traded company. It is calculated by multiplying the current share price of a company by the total number of outstanding shares. Market capitalization is used to assess the size and relative value of a company in the stock market. It provides investors with an idea of the company's overall worth and is often used as a basis for comparing companies within the same industry or sector. A higher market capitalization generally indicates a larger, more established company.
  • Cadence Design Systems Inc 52-week high Market Capitalization is USD 88.00 B on March 21, 2024, which is 13.00% above the current Market Capitalization.
  • Cadence Design Systems Inc 52-week low Market Capitalization is USD 59.94 B on August 17, 2023, which is -23.03% below the current Market Capitalization.
  • Cadence Design Systems Inc average Market Capitalization for the last 52 weeks is USD 72.05 B.
NASDAQ: CDNS

Cadence Design Systems Inc

CEO Mr. Lip-Bu Tan
IPO Date June 10, 1987
Location United States
Headquarters Building 5, San Jose, CA, United States, 95134
Employees 11,200
Sector Technology
Industry Software - application
Description

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus synthesis and Joules RTL power solutions, as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and Innovus implementation system, a physical implementation system. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science industries. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

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StockViz Staff

September 16, 2024

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