(CDNS) Cadence Design Systems - Ratings and Ratios

Cadence Design Systems, Inc. is a leading provider of software, hardware, and services for the design and verification of integrated circuits, serving a wide range of industries including consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science. The company's product portfolio includes a comprehensive suite of functional verification services, such as emulation and prototyping hardware, which enable customers to validate the functionality of their chip designs before they are manufactured.

Its functional verification offering is comprised of several key platforms, including JasperGold, a formal verification platform that uses mathematical techniques to prove the correctness of digital designs; Xcelium, a parallel logic simulation platform that accelerates the verification process; Palladium, an enterprise emulation platform that provides high-performance emulation and prototyping capabilities; and Protium, a prototyping platform for chip verification that enables customers to validate their designs in a real-world environment. Additionally, the company offers digital IC design and sign off products, including Genus synthesis and Joules RTL power solutions, which help customers optimize their designs for power, performance, and area.

Cadence also provides physical implementation tools, such as place and route, optimization, and multiple patterning preparation, which are used to transform a digital design into a physical representation that can be manufactured. The company's Innovus implementation system is a comprehensive physical implementation platform that provides advanced capabilities for designing and optimizing complex ICs. Furthermore, Cadence offers custom IC design and simulation products that enable customers to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs.

In addition to its design and verification products, Cadence provides system design and analysis products that enable customers to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. The company also offers intellectual property (IP) products, including pre-verified and customizable functional blocks that can be integrated into customers' ICs, as well as verification IP with memory models that emulate and model the expected behavior and interaction of standard industry system interface protocols. Cadence serves its customers through a range of services, including methodology, education, and hosted design solutions, as well as technical support and maintenance services.

With a history dating back to 1987, Cadence Design Systems, Inc. is headquartered in San Jose, California, and is a leading player in the application software industry. The company's products and services are used by many of the world's leading semiconductor and systems companies, and its technology is at the forefront of the development of complex ICs and electronic systems. As a publicly traded company, Cadence is listed on the NASDAQ stock exchange under the ticker symbol CDNS, and its common stock is classified under the GICS Sub Industry: Application Software, with the ISIN code US1273871087.