Cadence Design Systems Inc (NASDAQ: CDNS) opened in the red on Tuesday after announcing plans of buying BETA CAE Systems International for $1.24 billion.Why is Cadence buying BETA CAE?Copy link to sectionThe computational software company will pay 40% of the consideration in stock and the remaining in cash. Cadence expects the BETA CAE acquisition to help boost growth at its intelligence system design business. Anirudh Devgan – chief executive of the Nasdaq-listed firm said in a press release today:[The acq ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced it has entered into a definitive agreement to acquire BETA CAE Systems International AG, a leading system analysis platform provider of multi-domain, engineering simulation solutions. The addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, ...

Cadence Design Systems (CDNS) ended the recent trading session at $317.43, demonstrating a +0.69% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.12%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.41%.The maker of hardware and software products for validating chip designs's stock has climbed by 6.3% in the past month, exceeding the Computer and Technology sector's gain of 6.12% and the S&P 500's ...

Cadence Design Systems (CDNS) expanded its Tensilica IP lineup to cater to the rising computational demands in automotive sensor fusion applications. The latest high-performance Cadence Tensilica Vision 331 DSP and Vision 341 DSP integrate vision, radar, lidar, and AI processing into one DSP.The new Tensilica IP enables multi-modal, sensor-based system designs with advanced energy efficiency and compactness. The new solution can be combined with Tensilica Vision 4DR Accelerator to achieve enhanced radar per ...

Cadence expanded its Tensilica IP portfolio with two new Vision DSPs and a radar accelerator to address automotive sensor fusion applications. The new high-performance Cadence Tensilica Vision 331 DSP and Vision 341 DSP combine vision, radar, lidar and AI processing in a single DSP for multi-modal, sensor-based system designs, delivering the best energy efficiency in the smallest area. (Graphic: Business Wire)Cadence expanded its Tensilica IP portfolio with two new Vision DSPs and a radar accelerator to add ...

In the latest trading session, Cadence Design Systems (CDNS) closed at $300.01, marking a -1.21% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq increased by 0.37%.The maker of hardware and software products for validating chip designs's shares have seen an increase of 3.17% over the last month, surpassing the Computer and Technology sector's gain of 2.34% and falling behi ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Cadence Design Systems (CDNS) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Cadence Design Systems is a member of the Computer and Technology sector. This group includes 621 individual stocks and currently holds a Za ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Cadence Design Systems (CDNS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Cadence currently h ...

Cadence Design Systems (CDNS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of hardware and software products for validating chip designs have returned -1.4%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Computer - Software industry, which Cadence falls in, has gained 0.6%. The key question now ...

The Zacks Computer-Software Industry continues to stand out this earnings season with many of the stocks in the space topping their bottom line expectations including tech giant Microsoft (MSFT) . Accompanying Microsoft, 14 out of the 18 companies that have reported their quarterly results have surpassed earnings estimates so far.Furthermore, several of these computer software stocks currently hold spots on the Zacks Rank #1 (Strong Buy) list and here are three to consider.Image Source: Zacks Investment Res ...