Cadence Design reported another solid quarter with a 12% growth in its core product and maintenance revenues. The company’s offerings are a big hit among semiconductor companies and 5G solutions providers and it is clearly making hay while the sun shines. Its top-line was driven by Cadence Digital Full Flow which saw excellent traction and added 13 new customers. The company’s Cadence Cerebrus solution is also witnessing strong momentum and was deployed by many of its semiconductor clientele. Ca ....
29 Oct 2021
Cadence Design Systems Inc - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 10/29
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Cadence Design Systems Inc - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 10/29
- Published:
29 Oct 2021 -
Author:
Ishan Majumdar -
Pages:
14
Cadence Design reported another solid quarter with a 12% growth in its core product and maintenance revenues. The company’s offerings are a big hit among semiconductor companies and 5G solutions providers and it is clearly making hay while the sun shines. Its top-line was driven by Cadence Digital Full Flow which saw excellent traction and added 13 new customers. The company’s Cadence Cerebrus solution is also witnessing strong momentum and was deployed by many of its semiconductor clientele. Ca ....