Citigroup has initiated coverage on Cadence Design Systems Inc (CDNS) with a Buy rating, marking the firm's first assessment of the company. This decision reflects Citigroup's research and analysis of Cadence's business, industry dynamics, and growth prospects.
Headquartered in San Jose, California, Cadence Design Systems specializes in the design and development of integrated circuits and electronic devices. The company employs over 13,000 people and leverages its Intelligent System Design strategy to deliver software, hardware, and intellectual property (IP) that transform design concepts into reality. Its offerings span several categories, including Core Electronic Design Automation (EDA), Semiconductor IP, and System Design and Analysis (SD&A).
As of November 20, 2025, Cadence boasts a market capitalization of $83.5 billion, with a P/E ratio of 78.70 and an EPS of 3.88. The upcoming earnings reports are anticipated on July 27, 2026, with an estimated EPS of $1.96 and revenue of $1.5 billion.
Analyst ratings like this one provide valuable insights based on extensive research and financial modeling. However, they are ultimately professional opinions that hinge on assumptions and estimates, which may vary over time. Investors should consider multiple factors, including company fundamentals and industry trends, when making decisions. Analyst views should serve as one of many inputs in the investment process.
It's also important to note that analyst ratings can evolve as new information becomes available. Currently, the consensus on Cadence Design Systems stands at 7 Strong Buy, 16 Buy, 6 Hold, and 1 Strong Sell, indicating a general positive outlook among analysts.