Cadence Design Systems (CDNS) Tops Q2 EPS by 1c, Guidance Falls Short; $300M Stock Buyback
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Look to Buy Cadence Designs (CDNS) on Weakness Post Q2, Needham & Company Says
July 22, 2014 7:48 AM EDTNeedham & Company analyst Richard Valera reiterated a Buy rating on Cadence Designs (NASDAQ: CDNS) and bumped his price target to $18.00 (from $16.00) following solid Q2 earnings and mixed guidance.
Valera commented, "DNS delivered mixed 2Q14 results as improving industry conditions and strong software bookings were... More
JPMorgan Downgrades Cadence Designs (CDNS) to Neutral
July 22, 2014 6:45 AM EDTJPMorgan downgraded Cadence Designs (NASDAQ: CDNS) from Overweight to Neutral with a price target of $18.00 (unchanged).
For an analyst ratings summary and ratings history on Cadence Designs click here. For more ratings news on Cadence Designs click here.
Shares of Cadence Designs closed at $17.50 yesterday.
... More