Cadence Design Systems (CDNS) Tops Q2 EPS by 1c, Guidance Falls Short; $300M Stock Buyback

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Go back to Cadence Design Systems (CDNS) Tops Q2 EPS by 1c, Guidance Falls Short; $300M Stock Buyback

Look to Buy Cadence Designs (CDNS) on Weakness Post Q2, Needham & Company Says

July 22, 2014 7:48 AM EDT

Needham & 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 EDT

JPMorgan 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