Cadence Design Systems (CDNS) Tops Q2 EPS by 3c
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July 28, 2015 8:33 AM EDT
Summit Research reiterated a Buy rating on Cadence Designs (NASDAQ: CDNS), and raised the price target to $30.00 (From $23.00), following 2Q15 results. CDNS reported EPS of $0.27, beating consensus by +$0.03. Revenue of $415.9M missed consensus by $0.48M.
Analyst Srini Sundararajan commented,... More
July 28, 2015 8:24 AM EDT
Piper Jaffray analyst Ruben Roy reiterated an Overweight rating and bumped his price target on Cadence Designs (NASDAQ: CDNS) to $22.00 (from $21.00) following solid Q2 results and a new buyback plan.
Roy commented, "CDNS continues to perform with relative stability within an increasingly volatile... More
July 27, 2015 4:35 PM EDT
In addition to better-than-expected earnings after the close, Cadence Design Systems (NASDAQ: CDNS) announced a new $1.2 billion stock repurchase program.
Cadence's new $1.2 billion stock repurchase program replaces its existing $450 million program. Cadence expects to repurchase $1.2 billion of its common stock over the next six quarters through the end of fiscal 2016.
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