Look to Buy Cadence Designs (CDNS) on Weakness Post Q2, Needham & Company Says
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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.
... MoreCadence Design Systems (CDNS) Tops Q2 EPS by 1c, Guidance Falls Short; $300M Stock Buyback
July 21, 2014 4:17 PM EDTCadence Design Systems (NASDAQ: CDNS) reported Q2 EPS of $0.21, $0.01 better than the analyst estimate of $0.20. Revenue for the quarter came in at $378.9 million versus the consensus estimate of $375.93 million.
Cadence Design Systems sees FY2014 EPS of $0.90-$0.98, versus prior guidance of $0.92-$1.02 and the consensus of $97. Cadence Design Systems sees FY2014 revenue of $1.57-1.59 billion, versus prior guidance of $1.55-1.59 billion... More
