| Cadence Design Systems provides solutions that enable its customers to design electronic products. Co. provides software, hardware, services and reusable integrated circuit (IC) design blocks, which are referred to as intellectual property (IP). Co. also provides maintenance for its software, hardware, and IP product offerings. Co. combines its products and technologies into categories related to design activities including Custom IC and Simulation, Digital IC Design and Signoff, Functional Verification, IP, and System Interconnect and Analysis. |
When researching a stock like Cadence Design Systems, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from CDNS Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for CDNS stock — the real life supply and demand for the stock over time — and examines that data in different ways.