Cadence Design Systems (CDNS) Tops Q1 EPS by 2c

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Go back to Cadence Design Systems (CDNS) Tops Q1 EPS by 2c

Cadence Designs (CDNS) PT Lifted to $21 at Needham & Company Amid 'Solid' Q1

April 28, 2015 9:05 AM EDT

Needham & Company analyst Richard Valera reiterated a Buy rating and lifted his price target on Cadence Designs (NASDAQ: CDNS) to $21.00 (from $19.00) following "solid" Q1 results with an increased buyback plan. The analyst notes Emulation is on track.

Valera commented, "Cadence... More