Cadence Design Systems (CDNS) Tops Q3 EPS by 3c; Guides

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Needham Says Buy Cadence Designs (CDNS) on Any Weakness

October 25, 2012 10:27 AM EDT

Needham & Company maintained a Buy rating on Cadence Designs (NASDAQ: CDNS) and raised its price target to $13.50 (from $13.00).

"In 3Q12, Cadence continued its string of 'beat and raise' quarters dating back to early 2010. We are maintaining our Buy rating by an... More