DA Davidson Upgrades Cadence Designs (CDNS) to Buy

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Cadence Reports Fourth Quarter and Fiscal Year 2015 Financial Results

February 3, 2016 4:05 PM EST

SAN JOSE, Calif., Feb. 3, 2016 /PRNewswire/ -- Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the fourth quarter and fiscal year 2015.

Cadence reported fourth quarter 2015 revenue of $441 million, compared to revenue of $423 million reported for the same period in 2014.  On a GAAP basis, Cadence recognized net income of $80 million, or $0.26 per share on a diluted basis, in the fourth quarter of 2015, compared to net income of $65 million, or $0.21 per share on a diluted basis, for the same period in 2014. ... More