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Cadence (NASDAQ:CDNS) Misses Q1 Sales Targets, Stock Drops

Semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) fell short of analysts' expectations in Q1 CY2024, with revenue down 1.2% year on year to $1.01 billion. Next quarter's revenue guidance of $1.04 billion also underwhelmed, coming in 6.3% below analysts' estimates. It made a non-GAAP profit of $1.17 per share, down from its profit of $1.29 per share in the same quarter last year.
Anirudh Devgan Picking Winners In High Technology Design Software Cadence Design Systems Cash Flow Gorilla Game
Source: yahoo.com

Is Veeva Systems (VEEV) a Good Investment Bet?

TimesSquare Capital Management, an equity investment management company, released its “U.S. Focus Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. Global equity markets closed out 2023 with their highest quarterly returns this year, following a period of weakness. In the fourth quarter, the strategy returned 14.87% (gross) and 14.59% (net) […]
Veeva Systems Inc Popular Stocks Among Hedge Veeva Systems Veeva Systems Inc Fourth Quarter Nvestor Letter
Source: yahoo.com

Exclusive-Vista Equity seeks to tap banks for Solera IPO-sources

(Reuters) -Private equity firm Vista Equity Partners is seeking to hire investment banks for a U.S. initial public offering of Solera, a provider of software to the automotive and insurance industries, people familiar with the matter said on Wednesday. Vista, which acquired Solera for $6.5 billion in 2016, is interviewing banks as it seeks to hire IPO underwriters, the sources said, requesting anonymity because the matter is confidential. The listing could happen as soon as the end of 2024, de...
New York United States Greg Roumeliotis Vista Equity Partners Echo Wang Software Provider
Source: yahoo.com

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