Cadence Design Systems traded at $373.59 this Friday May 22nd, increasing $15.13 or 4.22 percent since the previous trading session. Looking back, over the last four weeks, Cadence Design Systems gained 18.85 percent. Over the last 12 months, its price rose by 18.41 percent. Looking ahead, we forecast Cadence Design Systems to be priced at 366.01 by the end of this quarter and at 344.17 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cadence Design Systems, Inc. provides solutions that enable its customers to design electronic products. The Company's product categories include Functional Verification, Digital integrated circuits (IC) Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP). Functional verification products are used to verify that the circuitry or the software designed to perform as intended. Digital IC design offerings are used to create representations of a digital circuit or an IC that can be verified for correctness prior to implementation. Custom IC design and verification offerings are used to create schematic and physical representations of circuits down to the transistor level for analog and memory designs. System Interconnect and Analysis offerings are used to develop printed circuit boards and IC packages. Design IP offerings consist of functional blocks, which customers integrate into their ICs for the development process.