Cadence Design Systems (CDNS) Tops Q4 EPS by 4c, Offers Q1 and FY Guidance
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Cadence Designs (CDNS) PT Raised to $60 at Needham & Company Following 4Q
February 20, 2019 6:55 AM ESTNeedham & Company analyst Richard Valera raised the price target on Cadence Designs (NASDAQ: CDNS) to $60.00 (from $50.00) while maintaining a Buy rating following the company's 4Q. CDNS reported revenue of $570MM and NG EPS of $0.52, both solidly exceeding consensus forecasts of $550.2MM and $0.47, respectively.
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