We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cadence's (CDNS) Solution Power Wistron's Network Switch
Read MoreHide Full Article
Cadence Design Systems (CDNS - Free Report) announced that Wistron has adopted an AI-powered electromagnetic in-design analysis workflow. Wistron used Cadence's Optimality Intelligent System Explorer and Clarity 3D Solver to create an 800G network switch.
Wistron has significantly enhanced design reliability and improved its turnaround time with Optimality Explorer’s AI-driven optimization technology and the Clarity 3D Solver. The Clarity 3D Solver stands out for its speed and scalability, analyzing intricate systems without sacrificing precision.
The Optimality Explorer is a generative AI-driven, in-design multiphysics system analysis and optimization solution that enables engineers to achieve configurations that lead to shorter, more efficient design cycles.
Cadence is dedicated to developing software that tackles multiphysics challenges in complex electronic systems, addressing scaling demands. Wistron's adoption of Cadence's multiphysics system analysis tools accelerates design throughput and engineering turnaround time.
Cadence offers products and tools that help customers to design electronic products. The company continues to invest heavily in verification and digital design products, allowing it to launch products that address the ever-growing needs of electronics and semiconductor companies. Going ahead, the company is likely to gain from clients increasing their research and development spending in AI-driven automation.
In December, the company announced that Samsung Foundry had completed the development of a 5G networking System on Chip design using Samsung's 5LPE technology, powered by Cadence Quantus Extraction Solution and Tempus Timing Solution.
Prior to that, the company joined forces with Autodesk to expedite the development of intelligent systems. This collaboration integrates Autodesk Fusion with Cadence's Allegro X and OrCAD X platforms to facilitate two-way communication between PCB designers and mechanical engineers.
CDNS currently carries a Zacks Rank #3 (Hold). In the past year, the stock has gained 67.4% compared with the Zacks sub-industry’s growth of 56.3%.
The Zacks Consensus Estimate for Pegasystems’ 2023 EPS has improved 21.2% in the past 60 days to $1.77. PEGA delivered an average earnings surprise of 1,250.2% in the trailing four quarters. Shares of PEGA have soared 51% in the past year.
The Zacks Consensus Estimate for Flex’s fiscal 2024 EPS has increased 3.6% in the past 60 days to $2.56. Flex’s long-term earnings growth rate is 12.4%.
Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%. Shares of the company have risen 19.8% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 3.9% in the past 60 days to $8.08. Watts Water’s long-term earnings growth rate is 7.8%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cadence's (CDNS) Solution Power Wistron's Network Switch
Cadence Design Systems (CDNS - Free Report) announced that Wistron has adopted an AI-powered electromagnetic in-design analysis workflow. Wistron used Cadence's Optimality Intelligent System Explorer and Clarity 3D Solver to create an 800G network switch.
Wistron has significantly enhanced design reliability and improved its turnaround time with Optimality Explorer’s AI-driven optimization technology and the Clarity 3D Solver. The Clarity 3D Solver stands out for its speed and scalability, analyzing intricate systems without sacrificing precision.
The Optimality Explorer is a generative AI-driven, in-design multiphysics system analysis and optimization solution that enables engineers to achieve configurations that lead to shorter, more efficient design cycles.
Cadence Design Systems, Inc. Price and Consensus
Cadence Design Systems, Inc. price-consensus-chart | Cadence Design Systems, Inc. Quote
Cadence is dedicated to developing software that tackles multiphysics challenges in complex electronic systems, addressing scaling demands. Wistron's adoption of Cadence's multiphysics system analysis tools accelerates design throughput and engineering turnaround time.
Cadence offers products and tools that help customers to design electronic products. The company continues to invest heavily in verification and digital design products, allowing it to launch products that address the ever-growing needs of electronics and semiconductor companies. Going ahead, the company is likely to gain from clients increasing their research and development spending in AI-driven automation.
In December, the company announced that Samsung Foundry had completed the development of a 5G networking System on Chip design using Samsung's 5LPE technology, powered by Cadence Quantus Extraction Solution and Tempus Timing Solution.
Prior to that, the company joined forces with Autodesk to expedite the development of intelligent systems. This collaboration integrates Autodesk Fusion with Cadence's Allegro X and OrCAD X platforms to facilitate two-way communication between PCB designers and mechanical engineers.
CDNS currently carries a Zacks Rank #3 (Hold). In the past year, the stock has gained 67.4% compared with the Zacks sub-industry’s growth of 56.3%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the broader technology space are Pegasystems (PEGA - Free Report) , Flex (FLEX - Free Report) and Watts Water Technologies (WTS - Free Report) . Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Pegasystems’ 2023 EPS has improved 21.2% in the past 60 days to $1.77. PEGA delivered an average earnings surprise of 1,250.2% in the trailing four quarters. Shares of PEGA have soared 51% in the past year.
The Zacks Consensus Estimate for Flex’s fiscal 2024 EPS has increased 3.6% in the past 60 days to $2.56. Flex’s long-term earnings growth rate is 12.4%.
Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%. Shares of the company have risen 19.8% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 3.9% in the past 60 days to $8.08. Watts Water’s long-term earnings growth rate is 7.8%.