Cadence (CDNS) Q1 Earnings Top Estimates, Revenues Down Y/Y [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
Revenues of $1.009 billion missed the Zacks Consensus Estimate by 0.5% and decreased 1.2% on a year-over-year basis. The top line was affected by weakness in Product & Maintenance revenues. CDNS ended the quarter with a backlog of $6 billion and current remaining performance obligations of $3.1 billion. Management provided full-year guidance for 2024. The company highlighted that the design activity continued to be robust owing to transformative generational trends such as hyperscale computing, 5G and autonomous driving, bolstered by the proliferation of AI. CDNS has also expanded its well-established partnerships with strategic partners like NVIDIA, GlobalFoundries and IBM. Cadence Design Systems, Inc. Price, Consensus and EPS Surprise Cadence Design Systems, Inc. price-consensus-eps-surprise-chart | Cadence Design Systems, Inc. Quote Revenues for 2024 are now projected to be in the range of $4.56-$4.62 billion compared with the previous guidance of $4.55-$4.61 billion. The
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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
- 5/1/24 - Form 144
- 5/1/24 - Form 144
- 4/30/24 - Form DEFA14A
- CDNS's page on the SEC website