Cadence Design Systems Tops S&P 500 After Strong Third Quarter [Yahoo! Finance]
Cadence Design Systems, Inc. (CDNS)
Last cadence design systems, inc. earnings: 4/20 04:05 pm
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US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
The company cited demand for AI-related products, with revenue from its Cadence.AI portfolio tripling year-over-year. Cadence sales skyrocketed in its intellectual property and system design and analysis businesses. Shares of Cadence Design Systems ( CDNS ) shares climbed more than 12% on Tuesday to notch the top daily performance of any S&P 500 stock after the electronic design automation firm posted strong quarterly results and boosted its full-year guidance. The provider of design software, hardware, intellectual property (IP) and other solutions posted revenue of $1.215 billion for the third quarter of 2024, up around 19% year-over-year. Non-GAAP earnings per share (EPS) , at $1.64, was up more than 30% from the year-ago period. Both figures came in ahead of consensus forecasts. Cadence also lifted its revenue and non-GAAP earnings forecasts for the full year. Cadence specializes in integrated circuits and electronic systems to aid in design processes across industries
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CDNS
News
- Stock Market News for Oct 30, 2024 [Yahoo! Finance]Yahoo! Finance
- Cadence Design Systems, Inc. (NASDAQ: CDNS) had its "neutral" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $280.00 price target on the stock.MarketBeat
- Cadence Design Systems, Inc. (NASDAQ: CDNS) had its price target raised by analysts at Robert W. Baird from $332.00 to $340.00. They now have an "outperform" rating on the stock.MarketBeat
- Cadence Design Systems, Inc. (NASDAQ: CDNS) had its price target lowered by analysts at Needham & Company LLC from $320.00 to $315.00. They now have a "buy" rating on the stock.MarketBeat
- Stocks making the biggest moves after hours: Cadence Design Systems, Ford, Boot Barn and more [CNBC]CNBC
CDNS
Earnings
- 10/28/24 - Beat
CDNS
Sec Filings
- 10/30/24 - Form S-8
- 10/30/24 - Form 10-Q
- 10/28/24 - Form 8-K
- CDNS's page on the SEC website