Cadence Design Systems (CDNS) Tops Q4 EPS by 9c, Offers Guidance

Cadence Design Systems (NASDAQ: CDNS) reported Q4 EPS of $0.83, $0.09 better than the analyst estimate of $0.74. Revenue for the quarter came in at $760 million versus the consensus estimate of $732.01 million.

GUIDANCE:

Cadence Design Systems sees Q1 2021 EPS of $0.72-$0.76, versus the consensus of $0.71. Cadence Design Systems sees Q1 2021 revenue of $710-730 million, versus the consensus of $703 million.

Cadence Design Systems sees FY2021 EPS of $2.95-$3.05, versus the consensus of $2.88. Cadence Design Systems sees FY2021 revenue of $2.86-2.92 million, versus the consensus of $2.83 million.

For earnings history and earnings-related data on Cadence Design Systems (CDNS) click here.

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