Cadence Reports Third Quarter 2024 Financial Results
Cadence Design Systems, Inc. (CDNS)
Last cadence design systems, inc. earnings: 4/20 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
cadence.com/company/investor_relations/index.aspx?lid=investor_relations
Company Research
Source: Business Wire
Exceeded Q3 guidance for revenue and operating marginOn track to deliver strong second halfRaising midpoint of 2024 non-GAAP EPS outlook to $5.90 SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the third quarter of 2024.Third Quarter 2024 Financial ResultsRevenue of $1.215 billion, compared to revenue of $1.023 billion in Q3 2023GAAP operating margin of 29%, compared to 29% in Q3 2023Non-GAAP operating margin of 45%, compared to 41% in Q3 2023GAAP diluted net income per share of $0.87, compared to $0.93 in Q3 2023Non-GAAP diluted net income per share of $1.64, compared to $1.26 in Q3 2023Quarter-end backlog was $5.6 billion and current remaining performance obligations (“cRPO”), contract revenue expected to be recognized as revenue in the next 12 months, was $2.9 billion“Cadence delivered exceptional results for the third quarter of 2024, driven by broad-based strength across our portfolio, especially in IP, SD&A, and hardw
Show less
Read more
Impact Snapshot
Event Time:
CDNS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CDNS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CDNS alerts
High impacting Cadence Design Systems, Inc. news events
Weekly update
A roundup of the hottest topics
CDNS
News
- Cadence Design Systems (CDNS) Rises Yet Lags Behind Market: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Is Now An Opportune Moment To Examine Cadence Design Systems, Inc. (NASDAQ:CDNS)? [Yahoo! Finance]Yahoo! Finance
- Here's Why Cadence Design Systems (CDNS) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- Cadence Design Systems, Inc. (NASDAQ: CDNS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Global Automotive SoC Market Set for Growth: Valued at USD 54.50 Bn in 2023, Projected to Reach USD 114.87 Bn by 2034 | Transparency Market Research [Yahoo! Finance]Yahoo! Finance
CDNS
Earnings
- 10/28/24 - Beat
CDNS
Sec Filings
- 2/12/25 - Form 4
- 2/10/25 - Form 144
- 2/5/25 - Form 4
- CDNS's page on the SEC website