Cadence Design Systems, Inc. (CDNS): A Bull Case Theory

We came across a bullish thesis on Cadence Design Systems, Inc. (CDNS) on Substack by The Equity Analyst. In this article, we will summarize the bulls’ thesis on CDNS. Cadence Design Systems, Inc. (CDNS)'s share was trading at $305.63 as of Feb 10^th. CDNS’s trailing and forward P/E were 80.43 and 44.44 respectively according to Yahoo Finance.

[caption id="attachment_1197735" align="aligncenter" width="768"] A close-up of a semiconductor component, highlighting its complex design.[/caption]

Cadence, a leader in electronic design automation (EDA) software, has played a crucial...