Cadence Design Systems Inc vs Devon Energy Corp — how do they compare? Cadence Design Systems Inc trades at $326.99 (market cap $90.20B), while Devon Energy Corp trades at $45.3 (market cap $49.94B). The key difference: Cadence Design Systems Inc is the larger of the two by market cap, and Devon Energy Corp pays a 2.82% dividend while Cadence Design Systems Inc pays none. Which is the better fit depends on your goals.
| CDNS | DVN | |
|---|---|---|
Market Cap | $90.20B | $49.94B |
Sector | Technology | Energy |
52-Week High | $416.39 | $52.07 |
52-Week Low | $265.66 | $31.74 |
Enterprise Value | $91.41B | $60.68B |
Dividend Yield | — | 2.82% |
Trailing returns across standard periods
Latest headlines on both assets
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
Read more on CDNS →Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2021, Devon's proved reserves totaled 1.6 billion barrels of oil equivalent, and net production that year was 572 thousand boe/d, of which oil and natural gas liquids made up 74% of production, with natural gas accounting for the remainder.
Read more on DVN →