Cadence (CDNS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Cadence Design Systems reported strong Q1 FY25 earnings, with revenue growth over 20%, driven by Core EDA and robust IP business momentum. AI, chiplet-based designs, and foundry ecosystem expansions are key tailwinds, with significant partnerships like Nvidia and Intel bolstering growth prospects. Despite strong performance, the stock is rated Hold due to its current valuation at ~44x CY25 EPS estimates, suggesting limited upside potential.
CDNS reports better-than-expected first-quarter results on solid demand trends and upgrades revenue and EPS guidance for 2025.
Cadence Design Systems, Inc. (NASDAQ:CDNS ) Q1 2025 Earnings Conference Call April 28, 2025 5:00 PM ET Company Participants Richard Gu - VP of IR Anirudh Devgan - President and CEO John Wall - SVP and CFO Conference Call Participants Harlan Sur - JPMorgan Lee Simpson - Morgan Stanley Gary Mobley - Loop Capital Vivek Arya - Bank of America Securities Gianmarco Conti - Deutsche Bank Jay Vleeschhouwer - Griffin Securities Jason Celino - KeyBanc Capital Markets Joe Quatrochi - Wells Fargo Joe Vruwink - Baird Joshua Tilton - Wolfe Research Siti Panigrahi - Mizuho Nay Soe Naing - Berenberg Ruben Roy - Stifel Blair Abernethy - Rosenblatt Securities Operator Good afternoon. My name is Tina and I will be your conference operator today.
Although the revenue and EPS for Cadence (CDNS) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Cadence Design Systems (CDNS) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.17 per share a year ago.
CDNS expands its collaboration with TSMC to accelerate time to silicon for advanced-node and 3D-IC technologies.
CDNS' first-quarter performance is likely to have benefited from higher customer demand amid volatile global macroeconomic conditions.
Beyond analysts' top -and-bottom-line estimates for Cadence (CDNS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Cadence unveils the world's first DDR5 12.8 Gbps MRDIMM Gen2 memory IP system solution, built on TSMC's cutting-edge N3 process.
Cadence (CDNS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.