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0.000137731561187121 0.00247916810137033 0.00241030232077677 0.00241030232077677 0.00444184284828856 0.00194545830176984 0.00519936643481851 0.0149542042559053
Stock impact report

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 Check Earnings Report
Company Research 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, Show less Read more
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