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April 27, 2024
Truist Financial Corp increased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 279,780 shares of the software maker’s stock after purchasing an additional 12,129 shares during the period. Truist Financial Corp’s holdings in Cadence Design Systems were worth $76,204,000 as […]
April 24, 2024
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) posted its earnings results on Monday. The software maker reported $1.17 EPS for the quarter, topping the consensus estimate of $1.13 by $0.04, Briefing.com reports. Cadence Design Systems had a net margin of 25.68% and a return on equity of 33.53%. The firm had revenue of $1.01 […]
April 24, 2024
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) released its earnings results on Monday. The software maker reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.04, Briefing.com reports. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Cadence Design Systems had a […]
April 23, 2024
Needham & Company LLC reissued their buy rating on shares of Cadence Design Systems (NASDAQ:CDNS – Free Report) in a report published on Friday morning, Benzinga reports. Needham & Company LLC currently has a $320.00 target price on the software maker’s stock. A number of other brokerages also recently issued reports on CDNS. Robert W. […]
April 23, 2024
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.200-1.240 for the period, compared to the consensus earnings per share estimate of 1.430. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the […]
April 23, 2024
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) updated its second quarter 2024 earnings guidance on Monday. The company provided EPS guidance of 1.200-1.240 for the period, compared to the consensus EPS estimate of 1.430. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Cadence Design […]
April 23, 2024
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) issued its quarterly earnings results on Monday. The software maker reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.04, Briefing.com reports. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. […]
April 23, 2024
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) updated its FY24 earnings guidance on Monday. The company provided earnings per share guidance of $5.88-$5.98 for the period, compared to the consensus earnings per share estimate of $5.93. The company issued revenue guidance of $4.56-$4.62 billion, compared to the consensus revenue estimate of $4.59 billion. Cadence […]
April 23, 2024
Linden Thomas Advisory Services LLC increased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,105 shares of the software maker’s stock after acquiring an additional 452 […]
April 22, 2024
Cadence Design Systems (NASDAQ:CDNS – Free Report) had its price target hoisted by Robert W. Baird from $302.00 to $322.00 in a research note published on Thursday, Benzinga reports. They currently have an outperform rating on the software maker’s stock. A number of other brokerages also recently weighed in on CDNS. KeyCorp boosted their price […]