Cadence Design Systems, Inc. (CDNS)
Why Cadence Design Systems Rocketed Higher Today
Cadence blew its Q3 earnings estimates out of the water, and management forecast an even better Q4.
Wall Street Bulls Look Optimistic About Cadence (CDNS): Should You Buy?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Cadence's Q3 Earnings & Revenues Top Estimates, Surge Y/Y, Stock Jumps
CDNS' third-quarter results benefit from solid demand trends. It ends the quarter with a backlog of $5.6 billion.
These Analysts Revise Their Forecasts On Cadence Design Systems Following Q3 Results
Cadence Design Systems, Inc. CDNS reported better-than-expected third-quarter financial results on Monday.
Cadence Design Systems: Back To Potential
I rate Cadence a BUY due to its solid business model, strong growth prospects, and robust free cash flow supporting share buybacks. Recent 3Q24 results and 4Q24 guidance indicate a resurgence in demand, with expected revenue growth accelerating to 26% in 4Q24. Cadence's valuation remains reasonable at 37x P/cash earnings for YE25, with a potential YE26 target of $374, maintaining the current market PEG.
Cadence Design Systems, Inc. (CDNS) Q3 2024 Earnings Call Transcript
Cadence Design Systems, Inc. (NASDAQ:CDNS ) Q3 2024 Earnings Call Transcript October 28, 2024 5:00 PM ET Company Participants Richard Gu - VP of IR Anirudh Devgan - President and CEO John Wall - SVP and CFO Conference Call Participants Joe Vruwink - Baird Jason Celino - KeyBanc Capital Markets Gianmarco Conti - Deutsche Bank Lee Simpson - Morgan Stanley Charles Shi - Needham Jay Vleeschhouwer - Griffin Securities Vivek Arya - Bank of America Securities Clarke Jeffries - Piper Sandler Harlan Sur - JPMorgan Ruben Roy - Stifel Siti Panigrahi - Mizuho Joshua Tilton - Wolfe Research Operator Good afternoon. My name is Brianna and I will be your conference operator today.
Reporting Companies Up Big in Late Trading
VF Corp., Cadence and F5 are all up nicely in today's after-market, following earnings beats across the board.
Cadence Design Systems (CDNS) Surpasses Q3 Earnings and Revenue Estimates
Cadence Design Systems (CDNS) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.26 per share a year ago.
Cadence raises fourth-quarter profit forecast on robust demand from chip designers
Cadence Design Systems raised the midpoint of its annual profit forecast on Monday, betting on the boom in generative AI to drive demand for its software used to design complex chips that power those systems, sending its shares up 6.4% in extended trading.
Overlooked Stock: CDNS
Cadence Design Systems (CDNS) takes off after a 3Q earnings beat. George Tsilis breaks down this company's exposure to the semiconductor industry, saying CDNS could be a good barometer for any potential weakness in that group.
CDNS Stock Before Q3 Earnings Release: To Buy or Not to Buy?
CDNS' Q3 performance is likely to have benefited from higher customer demand amid increasing design activity.
Insights Into Cadence (CDNS) Q3: Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Cadence (CDNS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
