Cadence Design Systems: Strong Moat And Multiple Growth Drivers

I give a buy rating for Cadence Design Systems (NASDAQ: CDNS ) as I see CDNS benefiting from multiple secular tailwinds, and its moat is getting stronger. Execution has been strong, and demand is showing no signs of slowingI’m a fundamental, valuation-driven investor with a strong focus on identifying businesses that have the potential to scale over time and unlock massive terminal value. My investment approach centers around understanding the core economics of a business—its competitive moat, unit economic ...