Unpacking Q3 Earnings: Cadence (NASDAQ:CDNS) In The Context Of Other Design Software Stocks [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:
cadence.com/company/investor_relations/index.aspx?lid=investor_relations
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Source: Yahoo! Finance
The demand for rich, interactive 2D, 3D, VR and AR experiences is growing, and while the ubiquitous metaverse might still be more of a buzzword than a real thing, what is real is the demand for the tools to create these experiences, whether they are games, 3D tours or interactive movies. The 6 design software stocks we track reported a strong Q3. As a group, revenues beat analysts' consensus estimates by 4.4% while next quarter's revenue guidance was 2.9% below. While some design software stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.4% since the latest earnings results. With the name chosen to reflect the idea of a repeating pattern or rhythm in electronic design, Cadence Design Systems (NASDAQ:CDNS) offers a software-as-a-service platform for semiconductor engineering and design. Cadence reported revenues of $1.22 billion, up 18.8% year on year. This print exceeded analysts' expectations by 2.9%. Overall,
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CDNS
News
- Cadence Design Systems, Inc. (NASDAQ: CDNS) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $350.00 price target on the stock.MarketBeat
- Cadence Design Systems (CDNS) Fell Despite Reporting Strong Results [Yahoo! Finance]Yahoo! Finance
- Workday Gains 17% in the Past Year: Reason to Buy WDAY Stock? [Yahoo! Finance]Yahoo! Finance
- Fortune and Great Place To Work® Name Cadence One of the World's Best Workplaces™ in 2024, Ranking No. 9 [Yahoo! Finance]Yahoo! Finance
- Fortune and Great Place To Work® Name Cadence One of the World’s Best Workplaces™ in 2024, Ranking No. 9Business Wire
CDNS
Earnings
- 10/28/24 - Beat
CDNS
Sec Filings
- 11/22/24 - Form 144
- 11/22/24 - Form 144
- 11/19/24 - Form 4
- CDNS's page on the SEC website