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Review Cadence's (CDNS) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Cadence Design Systems reported a slight revenue beat but missed EPS estimates in Q1 2024. The company demonstrated technological innovation with its Cadence.AI portfolio and next-generation systems.
Cadence's (CDNS) first-quarter performance is affected by weakness in the Product & Maintenance segment.
Cadence Design Systems, Inc. (NASDAQ:CDNS ) Q1 2024 Earnings Conference Call April 22, 2024 5:00 PM ET Company Participants Richard Gu - VP, IR Anirudh Devgan - President and CEO John Wall - SVP and CFO Conference Call Participants Joe Vruwink - Baird Charles Shi - Needham & Company Lee Simpson - Morgan Stanley Ruben Roy - Stifel Jay Vleeschhouwer - Griffin Securities Gary Mobley - Wells Fargo Securities Jason Celino - KeyBanc Capital Markets Vivek Arya - Bank of America Securities Harlan Sur - JPMorgan Operator Good afternoon. My name is Regina and I will be your conference operator today.
Cadence Design Systems (CDNS) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.29 per share a year ago.
Cadence (CDNS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
The steady EPS growth of AZZ (AZZ) and Cadence Design Systems (CDNS) has been hard to overlook making them two of the top stocks to watch as their quarterly results approach on Monday, April 22.
Cadence (CDNS) launches Palladium Z3 Emulation and Protium X3 FPGA Prototyping systems to advance SoC design.
Here, we have picked five tech stocks, Vertiv (VRT), Meta Platforms (META), Cadence Design Systems (CDNS), Itron (ITRI) and Silicon Motion (SIMO), which are likely to pull off earnings surprises in first-quarter 2024.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.