Cadence Design Systems (CDNS) Tops Q2 EPS by 5c, Revenues Beat; FY18 EPS Guidance Above Consensus
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Cadence Designs (CDNS) PT Raised to $53 at RBC Capital
July 24, 2018 7:09 AM EDTRBC Capital raised its price target on Cadence Designs (NASDAQ: CDNS) to $53.00 (from $50.00) while maintaining an Outperform rating following strong results.
Analyst Mitch Steves said most importantly, the company generated 30% operating margins, suggesting that it can continue to see leverage from the financial model.
... MoreCadence Designs (CDNS) PT Raised to $50 at Needham & Company
July 24, 2018 6:47 AM EDTNeedham & Company raised its price target on Cadence Designs (NASDAQ: CDNS) to $50.00 (from $47.00) while maintaining a Buy rating.
Analyst Richard Valera commented, "In 2Q18, CDNS posted a modest revenue beat, a solid EPS beat and raised its full-year... More
