Is CDNS Worth Adding Despite Breakeven Returns in the Past Six Months?

Key Takeaways CDNS has posted breakeven returns over six months, compared with the industry's 13.7% declines. CDNS is seeing strong AI-led demand across EDA, hardware systems and verification tools, boosting visibility.CDNS ended Q3 with a $7B backlog, rising free cash flow and active buybacks supporting value creation.Over the past six months, Cadence Design Systems (CDNS) has delivered breakeven returns, a performance that stands in contrast to the broader enthusiasm surrounding artificial intelligence (“ ...