Is Cadence's Acquisition Strategy Headed in the Right Direction?

Cadence Design Systems, Inc. (CDNS) is a leader in the electronic design automation ("EDA") space. The company’s Intelligent System Design strategy aids users to transform design concepts into reality by offering computational software, hardware and IP.In the last reported quarter, revenues of $1.061 billion topped the Zacks Consensus Estimate by 1.2$1.03-$1.05 billion. Expanding product portfolio as well a ...