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

We came across a bullish thesis on Cadence Design Systems, Inc. on Stock Analysis Compilation’s Substack. In this article, we will summarize the bulls’ thesis on CDNS. Cadence Design Systems, Inc.'s share was trading at $326.46 as of July 23^rd. CDNS’s trailing and forward P/E were 82.86 and 48.08 respectively according to Yahoo Finance.

Cadence, a leading provider of electronic design automation (EDA) software, stands at the forefront of semiconductor design, commanding a dominant share of the market alongside Synopsys. EDA solutions are indispensable to the chip industry,...