Cadence Design Systems (CDNS) Tops Q2 EPS by 5c, Revenues Beat; FY18 EPS Guidance Above Consensus
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
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
