Cadence Design Systems (CDNS) Tops Q1 EPS by 3c

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Go back to Cadence Design Systems (CDNS) Tops Q1 EPS by 3c

Needham & Company Upgrades Cadence Designs (CDNS) to Buy

April 24, 2018 5:42 AM EDT

Needham & Company upgraded Cadence Designs (NASDAQ: CDNS) from Hold to Buy with a price target of $47.00.

Analyst Richard Valera comments "Despite an ~10% after-hours bump following a strong beat-and-raise performance, CDNS shares remain ~10% down from recent highs - with an improved outlook... More