Cadence Design Systems Q1 Results: A Surprising Miss And A Puzzling Forecast [Seeking Alpha]
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: Seeking Alpha
The company has been a beneficiary of the AI boom but is now lagging the S&P 500 and Nasdaq 100 indices. Cadence's outlook and valuation suggest it may underperform the broader market, leading to a Hold rating. Investment Thesis Cadence Design Systems, Inc. ( NASDAQ: CDNS ) recently reported their earnings results for the first quarter of 2024, which was, in my opinion, surprisingly a mixed bag for the San Jose, CA-headquartered maker of electronic design and automation tools (EDA). Some of the most Recommended For You Recommended For You About CDNS Stock
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News
- SambaNova Systems Welcomes Semiconductor Industry Veteran, Lip-Bu Tan, in an Operational Role as Executive Chairman [Yahoo! Finance]Yahoo! Finance
- Driving Innovation: Cadence and McLaren Announce Winner of CFD Student Challenge [Yahoo! Finance]Yahoo! Finance
- Cadence Design Systems, Inc. (NASDAQ: CDNS) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $320.00 price target on the stock.MarketBeat
- Cadence’s Anirudh Devgan to Present at J.P. Morgan ConferenceBusiness Wire
- Cadence’s Nimish Modi to Present at Needham ConferenceBusiness Wire
CDNS
Earnings
- 4/22/24 - Beat
CDNS
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/6/24 - Form 4
- CDNS's page on the SEC website