In the latest trading session, Cadence Design Systems (CDNS) closed at $305.74, marking a -0.93% move from the previous day. This change lagged the S&P 500's 0.11% loss on the day. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq depreciated by 0.41%.Heading into today, shares of the maker of hardware and software products for validating chip designs had lost 1.07% over the past month, lagging the Computer and Technology sector's gain of 1.42% and the S&P 500's gain of 2.7% in that ti ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is mad ...

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.Shares of this maker of hardware and software products for validating chip designs have returned +4% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Computer - Software industry, to which Cadence belongs, has gained 0.1% over this period. Now the key question is: Where ...

Cadence Design Systems (CDNS) announced its plan to acquire a leading provider of engineering simulation solutions — BETA CAE Systems International AG. The acquisition will likely enhance Cadence's Intelligent System Design strategy by broadening its range of multiphysics system analysis offerings and helping Cadence enter into the structural analysis sector.The deal involves Cadence paying approximately $1.24 billion, with 60% of the consideration in cash and 40% to be paid through the issue of Cadence sto ...

Key TakeawaysCadence Design Systems said Tuesday it will acquire BETA CAE Systems International AG for $1.24 billion in cash and stock.The deal will help give Cadence access to BETA CAE's simulation and analysis software.BETA CAE's simulations and analysis software is used by a number of companies including General Motors, Honda, and Lockheed Martin. Cadence Design Systems (CDNS) said Tuesday it will acquire BETA CAE Systems for $1.24 billion in cash and stock. The deal will give Cadence access to BETA CAE’ ...

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 ...