CDNS
the council passes — AVOIDCADENCE DESIGN SYSTEMS, INC.·Technology
The quality and the price don't line up.
61/100C
Price at last run$366as of Jul 8, 2026
quality techHigh returns on capitalROIC ~48% — it earns well on the money it puts to work.
Fat operating margins28% operating margin — pricing power / a real moat hint.
GrowingRevenue growing ~14%.
Catalystnone yet
✕Why not
The honest case against — what most tools hideWhat keeps us out
- Paying up here — we'd want a better entry price.
- Growth slowing while the multiple stays rich.
Patience price & distance
as of Jul 8, 2026 runThe patience price is where value discipline would let the council in — deliberately strict: we'd rather miss ten winners than own one loser.
Catalyst
none yet
A catalyst is a plausible reason the gap could close — never a certainty.