Cadence (CDNS) Up 9% Since Last Earnings Report: Can It Continue? [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
Company Research
Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Cadence due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Cadence reported third-quarter 2024 non-GAAP earnings per share (EPS) of $1.64, which beat the Zacks Consensus Estimate by 13.9%. The bottom-line number increased 30.2% year over year, exceeding management's guided range of $1.39-$1.49. Revenues of $1.215 billion topped the Zacks Consensus Estimate by 2.7% and increased 18.8% year over year. The figure surpassed management's guided range of $1.165-$1.195 billion. Recurring revenue growth improved in low teens year over year. The top line was driven by broad-based strength across the portfolio. It ended the quarter with a backlog of $5.6 billion and current-remaining performance obligations of $2.9 billion. The company highlighted
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News
- CDNS Rises 10% YTD: Should Investors Add the Stock to Their Portfolio? [Yahoo! Finance]Yahoo! Finance
- Here's Why Cadence Design Systems (CDNS) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- Should First Trust Growth Strength ETF (FTGS) Be on Your Investing Radar? [Yahoo! Finance]Yahoo! Finance
- Cadence Design price target raised to $350 from $325 at Mizuho [Yahoo! Finance]Yahoo! Finance
- The Cadence Abilities Group Sparks Belonging at Work and in the Community [Yahoo! Finance]Yahoo! Finance
CDNS
Earnings
- 10/28/24 - Beat
CDNS
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 144
- 12/17/24 - Form 4
- CDNS's page on the SEC website