Cadence Reports Second Quarter 2018 Financial Results
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Cadence Designs (CDNS) PT Raised to $53 at RBC Capital
July 24, 2018 7:09 AM EDTRBC Capital raised its price target on Cadence Designs (NASDAQ: CDNS) to $53.00 (from $50.00) while maintaining an Outperform rating following strong results.
Analyst Mitch Steves said most importantly, the company generated 30% operating margins, suggesting that it can continue to see leverage from the financial model.
... MoreCadence Designs (CDNS) PT Raised to $50 at Needham & Company
July 24, 2018 6:47 AM EDTNeedham & Company raised its price target on Cadence Designs (NASDAQ: CDNS) to $50.00 (from $47.00) while maintaining a Buy rating.
Analyst Richard Valera commented, "In 2Q18, CDNS posted a modest revenue beat, a solid EPS beat and raised its full-year... More
Cadence Design Systems (CDNS) Tops Q2 EPS by 5c, Revenues Beat; FY18 EPS Guidance Above Consensus
July 23, 2018 4:07 PM EDTCadence Design Systems (NASDAQ: CDNS) reported Q2 EPS of $0.45, $0.05 better than the analyst estimate of $0.40. Revenue for the quarter came in at $518 million versus the consensus estimate of $514.95 million.
Multiple technology waves, especially machine learning, are driving increased design activity and our System Design Enablement strategy is perfectly positioned to benefit from these across multiple verticals, said Lip-Bu Tan, chief executive officer. We had notable wins in Aerospace & Defense and introduced Cadence Cloud, the industrys first broad cloud portfolio for the development of electronic systems and... More
