DA Davidson Upgrades Cadence Designs (CDNS) to Buy

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Cadence Design Systems (CDNS) Tops Q4 EPS by 2c, Offers Q1 & FY Guidance

February 3, 2016 4:23 PM EST

Cadence Design Systems (NASDAQ: CDNS) reported Q4 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $441 million versus the consensus estimate of $440.36 million.

GUIDANCE:

Cadence Design Systems sees FY2016 EPS of $1.15-$1.25, versus the... More