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0 0.000350201365785406 0.000350201365785406 0.00472771843810199 0.00122570478024872 -0.00185606723866233 -0.00122570478024872 -0.00108562423393452
Stock impact report

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 Check Earnings Report
Company Research 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 Show less Read more
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