Cadence Design Systems, Inc. logo CDNS - Cadence Design Systems, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 26
HOLD 4
SELL 1
STRONG
SELL
0
| PRICE TARGET: $370.83 DETAILS
HIGH: $425.00
LOW: $275.00
MEDIAN: $380.00
CONSENSUS: $370.83
DOWNSIDE: 0.74%

Stock News

Aeva Adopts Cadence Tensilica Vision DSP to Advance Lidar Performance and Efficiency

Aeva Adopts Cadence Tensilica Vision DSP to Advance Lidar Performance and Efficiency

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence (Nasdaq: CDNS) today announced that Aeva, a leader in next-generation sensing and perception systems, has licensed Cadence® Tensilica® Vision DSP IP to accelerate signal processing in its 4D LiDAR systems—enabling flexible and scalable solutions for industrial robotics and automotive applications. This design win marks a significant step in delivering high-performance, low-power lidar systems optimized for real-time perception and autonomy. Lidar techn.

May 11, 2026 05:00 AM businesswire.com
Cadence Design Systems: The Foundation For All Things AI

Cadence Design Systems: The Foundation For All Things AI

Cadence Design Systems remains a Buy, with robust demand, accelerating revenue growth, and record backlog driven by AI and agentic design tailwinds. Cadence reported Q1 revenue up 19% YoY, signaling strengthening business activity and outperformance versus expectations. Short-term headwinds include gross margin softness, declining cash flows, and near-term profitability drag from the Hexagon deal, but long-term outlook remains compelling.

Apr 28, 2026 10:52 AM seekingalpha.com

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