Cadence Reports Fourth Quarter and Fiscal Year 2018 Financial Results
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Cadence Designs (CDNS) PT Raised to $60 at Needham & Company Following 4Q
February 20, 2019 6:55 AM ESTNeedham & Company analyst Richard Valera raised the price target on Cadence Designs (NASDAQ: CDNS) to $60.00 (from $50.00) while maintaining a Buy rating following the company's 4Q. CDNS reported revenue of $570MM and NG EPS of $0.52, both solidly exceeding consensus forecasts of $550.2MM and $0.47, respectively.
CDNS provided... More
Cadence Design Systems (CDNS) Tops Q4 EPS by 4c, Offers Q1 and FY Guidance
February 19, 2019 4:13 PM ESTCadence Design Systems (NASDAQ: CDNS) reported Q4 EPS of $0.51, $0.04 better than the analyst estimate of $0.47. Revenue for the quarter came in at $570 million versus the consensus estimate of $550.35 million.
GUIDANCE:
Cadence Design Systems sees Q1 2019 EPS of $0.48-$0.50, versus the... More
