Cadence Design Systems Inc vs Synopsys, Inc. — how do they compare? Cadence Design Systems Inc trades at $326.66 (market cap $91.41B), while Synopsys, Inc. trades at $410.06 (market cap $78.83B). The key difference: Cadence Design Systems Inc is the larger of the two by market cap, and Cadence Design Systems Inc is trading nearer its 52-week high, Synopsys, Inc. nearer its low. Which is the better fit depends on your goals.
| CDNS | SNPS | |
|---|---|---|
Market Cap | $91.41B | $78.83B |
Sector | Technology | Technology |
52-Week High | $416.39 | $625.80 |
52-Week Low | $265.66 | $372.33 |
Enterprise Value | $92.62B | $87.19B |
Trailing returns across standard periods
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 →Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' 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 Synopsys.
Read more on SNPS →