Cadence Reports First Quarter 2019 Financial Results
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Cadence Designs (CDNS) PT Raised to $73 at RBC Capital
April 23, 2019 6:43 AM EDTRBC Capital analyst Mitch Steves raised the price target on Cadence Designs (NASDAQ: CDNS) to $73.00 (from $62.00) while maintaining a Outperform rating following beat-and-raise.
upside to both the quarter and guidance across all three major metrics: revenue, operating margins, and EPS.Cash flow guidance is also increasing... MoreCadence Design Systems (CDNS) Tops Q1 EPS by 5c, Offers Q2 and FY Guidance
April 22, 2019 4:07 PM EDTCadence Design Systems (NASDAQ: CDNS) reported Q1 EPS of $0.54, $0.05 better than the analyst estimate of $0.49. Revenue for the quarter came in at $577 million versus the consensus estimate of $569.24 million.
GUIDANCE:
Cadence Design Systems sees Q2 2019 EPS of $0.52-$0.54, versus the... More
