Cadence Design Systems (CDNS) Tops Q3 EPS by 2c, Offers Q4 Guidance
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Cadence Design Systems (CDNS) Reports Strong 3Q Results despite challenging environment; RBC Capital Remains Positive
October 27, 2015 9:56 AM EDTRBC Capital reiterated an Outperform rating on Cadence Designs (NASDAQ: CDNS), and raised the price target to $25.00 (from $23.00), following the company's 3Q15 earnings results. Despite the challenging semiconductor environment, Cadence delivered EPS upside driven by strong execution. CDNS reported Q3 results of $434M revenue... More
Piper Jaffray Raises Price Target as Trends Remains Favorable for Cadence Design Systems (CDNS)
October 27, 2015 8:09 AM EDTPiper Jaffray reiterated an Overweight rating on Cadence Designs (NASDAQ: CDNS), and raised the price target to $26.00 (from $22.00), following the company's 3Q earnings results. CDNS reported revenue and non-GAAP EPS of $433.8M and $0.28. CDNS guided Q4 revenue and non-GAAP EPS at $434-$444M and $0.28-$0.30, respectively.
Analyst... More
Cadence Design Systems (CDNS) Records Beat and Raise in a Challenging Environment; Needham & Company Raises Price Target to $24
October 27, 2015 6:58 AM EDTNeedham & Company reiterated a Buy rating on Cadence Designs (NASDAQ: CDNS), and raised the price target to $24.00 (from $22.00), following the company's 3Q15 earnings results. Revenue and NG EPS of $434MM and $0.28 exceeded consensus of $429MM and $0.26. 2015 revenue guidance range was tightened to $1.695-1.705B (unchanged midpoint)... More
