Cadence Reports Second Quarter 2019 Financial Results
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Cadence Designs (CDNS) PT Raised to $76 at Needham & Company
July 23, 2019 7:26 AM EDTNeedham & Company analyst Richard Valera raised the price target on Cadence Designs (NASDAQ: CDNS) to $76.00 (from $71.00) while maintaining a Buy rating.
The analyst commented, "For 2Q19 CDNS delivered roughly in line revenue and a solid EPS beat despite an unquantified headwind... More
Cadence Design Systems (CDNS) Tops Q2 EPS by 4c; Offers Q3 & FY19 EPS & Revenue Guidance
July 22, 2019 4:07 PM EDTCadence Design Systems (NASDAQ: CDNS) reported Q2 EPS of $0.57, $0.04 better than the analyst estimate of $0.53. Revenue for the quarter came in at $580 million versus the consensus estimate of $579.48 million.
Cadence achieved strong operating results for the second quarter of 2019, delivering 12 percent year-over-year revenue growth on broad-based... More
