Cadence (CDNS) tumbles despite Q1 beat on top and bottom lines

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Cadence Design Systems (NASDAQ: CDNS) Delayed: 386.33 -2.71 (0.7%)
Previous Close $389.04    52 Week High $28.00 
Open $383.17    52 Week Low $18.32 
Day High $386.55    P/E 689.88 
Day Low $381.77    EPS $0.56 
Volume 124,669