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 (CDNS) Unveils New Palladium Z3 Emulation System
Read MoreHide Full Article
Cadence Design Systems (CDNS - Free Report) unveiled the latest Palladium Z3 Emulation and Protium X3 FPGA Prototyping systems. This is an advanced digital twin platform that is aimed at addressing the growing complexity of system and semiconductor design.
These new systems will be utilized in automotive, hyperscale, networking, and mobile chip industries. The Palladium and Protium systems provide high throughput pre-silicon hardware debug and software validation. These systems are an integral part of the Cadence Verification Suite.
The latest systems offer more than double the capacity and a significant performance increase compared to Palladium Z2 and Protium X2 systems. This helps to facilitate quicker design deployment and reduce time to market. Also, it seamlessly integrates with the Verisium AI-driven Verification Platform.
The company further added that the Palladium Z3 and Protium X3 systems can handle system-on-chips (SoCs) ranging from 16 million to 48 billion gates. This ensures comprehensive testing for proper functionality and performance. The systems are powered by NVIDIA BlueField DPU and Quantum InfiniBand networking platforms, as well as maintain consistency during transitions and accelerate hardware verification and software validation.
The newly introduced and improved Palladium includes new domain-specific apps such as the 4-State Emulation App, Real Number Modeling App, and Dynamic Power Analysis App, each offering cutting-edge capabilities to accelerate simulations and power analysis for complex SoCs.
The Palladium Z3 and Protium X3 systems are part of the broader Cadence Verification Suite and support the company’s Intelligent System Design strategy that enables SoC design excellence. The company is experiencing strong demand for its software — particularly verification and digital design products — from customers providing data center servers, networking products and smartphones that continue to invest in new design concepts and projects.
The Functional Verification business increased 11% year over year in the fourth quarter due to the rising complexity of system verification and software bring-up. Palladium and Protium (especially Z2 and X2) platforms witnessed continued traction with many deal wins. It added 26 new and over 110 repeat customers during 2023.
CDNS currently carries a Zacks Rank #2 (Buy). In the past year, the stock has gained 37.5% compared with the Zacks sub-industry’s growth of 38.1%.
The Zacks Consensus Estimate for Synopsys’ 2024 earnings per share (EPS) has decreased 0.7% in the past 60 days to $13.28. SNPS’s long-term earnings growth rate is 17.5%.
Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. SNPS shares have risen 56.1% in the past year.
The Zacks Consensus Estimate for PINS’s 2024 EPS has increased 0.7% in the past 60 days to $1.34.
Pinterest’s earnings beat the Zacks Consensus Estimate in three of the last four quarters, delivering an average earnings surprise of 37.4%. Shares of PINS have gained 13% in the past year.
The Zacks Consensus Estimate for IRDM’s 2024 EPS has increased 213% in the past 60 days to 72 cents.
Iridium’s earnings beat the Zacks Consensus Estimate in two of the last four quarters, delivering an average earnings surprise of 91.7%. Shares of IRDM have lost 56.1% in the past year.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Cadence (CDNS) Unveils New Palladium Z3 Emulation System
Cadence Design Systems (CDNS - Free Report) unveiled the latest Palladium Z3 Emulation and Protium X3 FPGA Prototyping systems. This is an advanced digital twin platform that is aimed at addressing the growing complexity of system and semiconductor design.
These new systems will be utilized in automotive, hyperscale, networking, and mobile chip industries. The Palladium and Protium systems provide high throughput pre-silicon hardware debug and software validation. These systems are an integral part of the Cadence Verification Suite.
The latest systems offer more than double the capacity and a significant performance increase compared to Palladium Z2 and Protium X2 systems. This helps to facilitate quicker design deployment and reduce time to market. Also, it seamlessly integrates with the Verisium AI-driven Verification Platform.
Cadence Design Systems, Inc. Price and Consensus
Cadence Design Systems, Inc. price-consensus-chart | Cadence Design Systems, Inc. Quote
The company further added that the Palladium Z3 and Protium X3 systems can handle system-on-chips (SoCs) ranging from 16 million to 48 billion gates. This ensures comprehensive testing for proper functionality and performance. The systems are powered by NVIDIA BlueField DPU and Quantum InfiniBand networking platforms, as well as maintain consistency during transitions and accelerate hardware verification and software validation.
The newly introduced and improved Palladium includes new domain-specific apps such as the 4-State Emulation App, Real Number Modeling App, and Dynamic Power Analysis App, each offering cutting-edge capabilities to accelerate simulations and power analysis for complex SoCs.
The Palladium Z3 and Protium X3 systems are part of the broader Cadence Verification Suite and support the company’s Intelligent System Design strategy that enables SoC design excellence. The company is experiencing strong demand for its software — particularly verification and digital design products — from customers providing data center servers, networking products and smartphones that continue to invest in new design concepts and projects.
The Functional Verification business increased 11% year over year in the fourth quarter due to the rising complexity of system verification and software bring-up. Palladium and Protium (especially Z2 and X2) platforms witnessed continued traction with many deal wins. It added 26 new and over 110 repeat customers during 2023.
CDNS currently carries a Zacks Rank #2 (Buy). In the past year, the stock has gained 37.5% compared with the Zacks sub-industry’s growth of 38.1%.
Image Source: Zacks Investment Research
Zacks Rank & Other Stocks to Consider
Some other top-ranked stocks from the broader technology space are Synopsys (SNPS - Free Report) , Pinterest (PINS - Free Report) and Iridium Communications (IRDM - Free Report) . Each stock presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys’ 2024 earnings per share (EPS) has decreased 0.7% in the past 60 days to $13.28. SNPS’s long-term earnings growth rate is 17.5%.
Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. SNPS shares have risen 56.1% in the past year.
The Zacks Consensus Estimate for PINS’s 2024 EPS has increased 0.7% in the past 60 days to $1.34.
Pinterest’s earnings beat the Zacks Consensus Estimate in three of the last four quarters, delivering an average earnings surprise of 37.4%. Shares of PINS have gained 13% in the past year.
The Zacks Consensus Estimate for IRDM’s 2024 EPS has increased 213% in the past 60 days to 72 cents.
Iridium’s earnings beat the Zacks Consensus Estimate in two of the last four quarters, delivering an average earnings surprise of 91.7%. Shares of IRDM have lost 56.1% in the past year.