Cadence Design Systems, Inc. is an American multinational electronic design automation (EDA) software and engineering services company, founded in 1988 by the merger of SDA Systems and ECAD, Inc. The company produces software, hardware and silicon structures for designing integrated circuits, systems on chips (SoCs) and printed circuit boards.
Cadence Design Systems is the stock NASDAQ: CDNS. The year-to-date return is 64.14%. This software company’s stock has risen by 64.14% so far this year. Shares have increased steadily except for a small decrease in April. There was also a greater one at the end of May. Both of these decreases were a broader trend on the S&P. The stock has recovered from these temporary price falls. The stock is now again increasing steadily.