Cadence Design Systems, Inc. (CDNS): A Bull Case Theory

We came across a bullish thesis on Cadence Design Systems, Inc. (CDNS) on Compound & Fire’s Substack. In this article, we will summarize the bulls’ thesis on CDNS. Cadence Design Systems, Inc. (CDNS)'s share was trading at $ 307.2 as of 11^th June. CDNS’s trailing and forward P/E were 76.56  and 44.44 respectively according to Yahoo Finance.

[caption id="attachment_1212185" align="aligncenter" width="768"] A close-up of a LiDAR-on-chip sensor mounted in a consumer-grade electronic device.[/caption]

In the battle for leadership in the electronic design automation (EDA) market,...