COURT-RULING ·Filed Jul 20, 2026

CDNS

CADENCE DESIGN SYSTEMS INC
NEUTRAL
Impact 1/10
Horizonimmediate Processed2mo ago CourtView Ruling on CourtListener
Court ruling (district)
Actionable Insight • Neutral

This is a Tier 4 procedural ruling with no market impact. Monitor for substantive rulings on claim construction or summary judgment, which are scheduled for mid-2027.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+20d
CDNS ▼ -1.96% at T+20d
NEUTRAL call ✗ call lost -1.96% · α vs SPY -6.08% · entry $329.93 → $323.47
Next anchor: T+60d in 10d
Latest observation: T+51 +3.28% FF3 residual α
Entry anchored
Jul 17, 03:59 PM ET
via exchange tick
T+1d
+4.46%
call +4.46% · α +3.62%
$344.64
settled 2mo ago
T+5d
-1.12%
call -1.12% · α -0.69%
$326.24
settled 2mo ago
T+20d
-1.96%
call -1.96% · α -6.08%
$323.47
settled 7w ago
T+60d
—
call — · α —
—
in 10d

Price Chart

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Executive Summary

The court granted Cadence Design Systems' unopposed motion to extend the deadline for amending pleadings by two months (to September 14, 2026) in its patent infringement case against Fenda USA Inc. This is a routine procedural scheduling order with no substantive impact on the merits or financial exposure of the case.

Court Ruling Details

Ruling Date
Jul 20, 2026
Court
United States District Court for the Northern District of California
Court Level
District
Judge
Rita F. Lin
Case Type
patent
Ruling Type
procedural
Outcome
WIN — ruling favors this company
Will It Be Appealed?
N/A (final)
Precedent Risk
LOW

Key Facts

  • Court granted Cadence's motion to extend the deadline for amending pleadings from July 14, 2026 to September 14, 2026
  • All other case deadlines remain unchanged, with trial scheduled for August 30, 2027
  • This is a routine procedural order with no ruling on the merits of the patent infringement claims

Financial Impact

No financial impact — this is a procedural scheduling order with no damages awarded or financial exposure determined

Risk Factors

  • No material risks identified from this procedural order

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
90% bullish (31 analysts)

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 court opinion from CourtListener.

DocumentAccession Number
COURT-RULING Data (Synthetic)court-891901b99e-CDNS
19 reports for CDNS
Performance horizon
50% Hit rate 2 of 4 directional calls best @ T+20▲ +2.30%Jul 24, 2026
Filters
Rows
Reports for CDNS — sortable, filterable
TypeNow
Aug 27, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$340.39 $326.70▼ −4.02%▼ −4.53%$351.35 (+3.22%)
Aug 25, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$334.68 $294.90▼ −11.89%▼ −13.09%$351.35 (+4.98%)
Aug 17, 2026
6w ago
Court Ruling
NEUTRAL ★ 2/10
$323.47 $273.96▼ −15.31%▼ −13.33%$351.35 (+8.62%)
Aug 13, 2026
7w ago
Court Ruling
NEUTRAL ★ 4/10
$323.77 $289.37▼ −10.62%▼ −8.88%$351.35 (+8.52%)
Aug 6, 2026
8w ago
Institutional Cluster
BULLISH ★ 5/10
$338.42 $304.88▼ −9.91%▼ −10.51%$351.35 (+3.82%)
Jul 28, 2026
9w ago
Court Ruling
NEUTRAL ★ 1/10
$344.72 $331.90▼ −3.72%▼ −7.10%$351.35 (+1.92%)
Jul 27, 2026
9w ago
8-K
BULLISH ★ 7/10
$344.72 $331.90▼ −3.72%▼ −7.10%$351.35 (+1.92%)
Jul 24, 2026
10w ago
Insider Cluster
BEARISH ★ 4/10
$326.24 $318.75▲ +2.30%▲ +5.92%$351.35 (−7.70%)
Jul 20, 2026
10w ago
Court Ruling
NEUTRAL ★ 1/10
$329.93 $323.47▼ −1.96%▼ −6.08%$351.35 (+6.49%)
Jul 16, 2026
11w ago
ANALYST-UPGRADE
BULLISH ★ 3/10
$364.65 $323.77▼ −11.21%▼ −14.83%$351.35 (−3.65%)
Showing 10 of 19

US Market Status

Market Closed — Opens Mon (64h 21m)

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