Cadence (NASDAQ:CDNS) Misses Q1 Sales Targets, Stock Drops [Yahoo! Finance]
Cadence Design Systems, Inc. (CDNS)
Last cadence design systems, inc. earnings: 4/20 04:05 pm
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US:NASDAQ Investor Relations:
cadence.com/company/investor_relations/index.aspx?lid=investor_relations
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Source: Yahoo! Finance
Next quarter's revenue guidance of $1.04 billion also underwhelmed, coming in 6.3% below analysts' estimates. It made a non-GAAP profit of $1.17 per share, down from its profit of $1.29 per share in the same quarter last year. Is now the time to buy Cadence? Find out by accessing our full research report, it's free Cadence (CDNS) Q1 CY2024 Highlights: Revenue: $1.01 billion vs analyst estimates of $1.02 billion (0.9% miss) EPS (non-GAAP): $1.17 vs analyst estimates of $1.13 (3.5% beat) Revenue Guidance for Q2 CY2024 is $1.04 billion at the midpoint, below analyst estimates of $1.11 billion The company reconfirmed its revenue guidance for the full year of $4.59 billion at the midpoint Gross Margin (GAAP): 87.6%, in line with the same quarter last year Free Cash Flow of $203.6 million, down 14.6% from the previous quarter Backlog: $6.0 billion cRPO: $3.1 billion Market Capitalization: $76.4 billion “Q1 was a strong start to the year for Cadence as we delivered so
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News
- Top ideas in vertical software with valuations over or below 50th percentile - Baird [Seeking Alpha]Seeking Alpha
- Cadence Design Systems, Inc. (NASDAQ: CDNS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Cadence Named by Fortune and Great Place to Work as One of 2024's 100 Best Companies to Work For, Ranking No. 9 [Yahoo! Finance]Yahoo! Finance
- Cadence Design Systems Q1 Results: A Surprising Miss And A Puzzling Forecast [Seeking Alpha]Seeking Alpha
- Cadence Design Systems: Patiently Waiting For A Better Price [Seeking Alpha]Seeking Alpha
CDNS
Earnings
- 4/22/24 - Beat
CDNS
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/1/24 - Form 144
- CDNS's page on the SEC website