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Cadence Design Systems (CDNS) shares increased by 4.8% to close at $354.7 during the latest trading session. This surge can be linked to higher trading volume compared to typical sessions. Over the past four weeks, the stock saw a 3% decline.
On September 2025, Cadence signed an agreement to acquire the Design & Engineering division of Hexagon AB for €2.7 billion, structured with 70% cash and 30% Cadence stock. This acquisition is expected to enhance its System Design & Analysis portfolio and is set to close in Q1 2026, pending regulatory approvals.
Cadence has revised its revenue outlook for 2025 to $5.21-$5.27 billion, up from previous estimates of $5.15-$5.23 billion. The company anticipates quarterly earnings of $1.79 per share and revenues of $1.32 billion, representing a 9% increase year-over-year.
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