Balfour Capital Group has issued a buy recommendation
for Cadence Design Systems, Inc. (NASDAQ: CDNS) on February 28th, 2026.

Cadence Design Systems Inc. (“Cadence”) is a global leader in electronic design automation (EDA), semiconductor intellectual property (IP), and system design and analysis software. The company delivers mission-critical computational software, hardware emulation platforms, and IP solutions that enable semiconductor and systems companies to design advanced chips and complex electronic systems. Operating segments are organized into three primary product categories: Core EDA (digital, custom/analog, verification and hardware emulation platforms), Semiconductor IP (HBM, UCIe, PCIe, DDR, SerDes and other subsystems), and System Design and Analysis (SD&A) solutions for multi-physics and 3D-IC design. Revenue is predominantly subscription-based and highly recurring, supported by multi-year backlog visibility.