Cadence Design Systems, Inc. (CDNS)
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.
Trade Tracker: Amy Raskin trims Cadence Design
Amy Raskin, Chief Investment Officer at Chevy Chase Trust, joins CNBC's Halftime Report to explain why she's trimming the name.
Cadence Design Systems (CDNS) Reports Next Week: Wall Street Expects Earnings Growth
Cadence (CDNS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cadence Design Systems, Inc. (CDNS) Is a Trending Stock: Facts to Know Before Betting on It
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.
Buy 3 Non "Mag 7" Tech Giants With Solid Upside Ahead of Q3 Earnings
We recommend three technology bigwigs set to report earnings results this month. These are: CDNS, UBER, ONTO.
Will Cadence (CDNS) Beat Estimates Again in Its Next Earnings Report?
Cadence (CDNS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
