Core Insights - Cadence Design Systems, Inc. (CDNS) is an electronic systems design company headquartered in San Jose, California, utilizing its Intelligent System Design strategy to convert complex ideas into working silicon through software, hardware, and semiconductor Intellectual Property (IP) [1] - The company holds a market capitalization of nearly $81.8 billion, positioning it in the "large-cap" category, with a diverse portfolio that includes Core EDA, Semiconductor IP, and System Design & Analysis tools [2] Stock Performance - Shares of Cadence Design have decreased by more than 19.1% from its 52-week high of $376.45 set in July, and the stock has slipped 12.9% over the past three months while the Nasdaq Composite gained 6.6% in the same period [3] - Over the past 52 weeks, CDNS stock has declined by 2.4%, with a year-to-date (YTD) gain of only 1.3%, contrasting sharply with the Nasdaq's 20% increase over the past year and 18.4% YTD [4] - Technical indicators show that CDNS stock is trading below its 50-day and 200-day moving averages, indicating a steady loss of upside momentum [5] Financial Performance - On October 27, CDNS reported fiscal 2025 Q3 results that exceeded Wall Street expectations, with revenue of $1.34 billion, reflecting a year-over-year increase of 10.1%, and adjusted EPS rising 17.7% annually to $1.93 [6] - The company has a Q3 backlog of $7 billion, supported by strong financial execution and a record pipeline with broad-based demand across its business [6] - Management has raised its full-year revenue outlook to approximately 14% annual growth, expecting full-year fiscal 2025 revenue in the range of $5.26 billion to $5.29 billion, with adjusted EPS projected between $7.02 and $7.08 [7]