Cadence Design Systems (CDNS) Tops Q2 EPS by 14c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus

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Go back to Cadence Design Systems (CDNS) Tops Q2 EPS by 14c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus

Cadence Designs (CDNS) PT Raised to $115 at Needham & Company Following Results

July 21, 2020 6:38 AM EDT

Needham & Company analyst Richard Valera raised the price target on Cadence Designs (NASDAQ: CDNS) to $115.00 (from $86.00) while maintaining a Buy rating.

The analyst commented, "Cadence delivered "beat and raise" 2Q20 results despite ongoing disruption due to COVID-19, while noting it was continuing to... More