Cadence Design Systems, Inc.

CDNS

US1273871087

Software

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-17 pm EDT			5-day change	1st Jan Change
288.8 ^USD	-0.04%		+0.46%	+6.04%

May. 17	Cadence Design Systems Insider Sold Shares Worth $430,705, According to a Recent SEC Filing	MT
May. 16	Transcript : Cadence Design Systems, Inc. Presents at Needham 19th Annual Technology, Media & Consumer Conference, May-16-2024 12:45 PM

Cadence Design Systems, Inc. Provides Earnings Guidance for the Second Quarter and Fiscal Year 2024

April 22, 2024 at 04:02 pm EDT

Cadence Design Systems, Inc. provided earnings guidance for the second quarter and fiscal year 2024. For the quarter, the company expects total revenue in the range of $1.03 billion to $1.05 billion. GAAP net income per diluted share is expected to be in the range of $0.73 to $0.77.

For fiscal year 2024, the company expects total revenue in the range of $4.56 billion to $4.62 billion. GAAP net income per diluted share is expected to be in the range of $4.04 to $4.14.

Latest news about Cadence Design Systems, Inc.

Cadence Design Systems Insider Sold Shares Worth $430,705, According to a Recent SEC Filing	May. 17	MT
Transcript : Cadence Design Systems, Inc. Presents at Needham 19th Annual Technology, Media & Consumer Conference, May-16-2024 12:45 PM	May. 16
Declaration of Voting Results by Cadence Design Systems, Inc	May. 06	CI
Cadence Design Systems, Inc. and TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor Design	Apr. 24	CI
Global markets live: Bayer, PepsiCo, Halliburton, Spotify, Apple...	Apr. 23
Futures point to higher open as more earnings roll in	Apr. 23	RE
Piper Sandler Adjusts Cadence Design Systems Price Target to $318 From $334	Apr. 23	MT
Futures Gain Pre-Bell Ahead of Latest Round of Earnings; Asia Mostly Up, Europe Strong	Apr. 23	MT
North American Morning Briefing : Stock Futures Rise, Tesla Earnings in Focus	Apr. 23	DJ
Futures inch higher in run-up to corporate earnings	Apr. 23	RE
Wall Street: hesitates in the morning, then opts for an upturn	Apr. 23	CF
Chip design software firm Cadence forecasts sales below expectations, shares fall	Apr. 22	RE
Cadence Design Systems Q1 Non-GAAP Earnings, Sales Decline; Shares Slump After Hours	Apr. 22	MT
Cadence Seeks Acquisitions	Apr. 22	CI
Transcript : Cadence Design Systems, Inc., Q1 2024 Earnings Call, Apr 22, 2024	Apr. 22
Wall Street: hesitates in the morning, then opts for an upturn	Apr. 22	CF
Cadence Design Systems First-Quarter Results Decline, Second-Quarter Guidance Misses Views	Apr. 22	MT
Cadence Guides For Q2 Revenue of $1.03-$1.05 Billion, vs CIQ Analyst Consensus of $1.02 Billion; FY 2024 Revenue Seen at $4.56-$4.62 Billion, vs Consensus of $4.6 Billion	Apr. 22	MT
(CDNS) CADENCE DESIGN SYSTEMS Forecasts Fiscal Year 2024 EPS Range $5.88 - $5.98	Apr. 22	MT
Earnings Flash (CDNS) CADENCE DESIGN SYSTEMS Posts Q1 Revenue $1.01B, vs. Street Est of $1.02B	Apr. 22	MT
(CDNS) CADENCE DESIGN SYSTEMS Expects Q2 EPS Range $1.20 - $1.24	Apr. 22	MT
Earnings Flash (CDNS) CADENCE DESIGN SYSTEMS Reports Q1 EPS $1.17, vs. Street Est of $1.13	Apr. 22	MT
Cadence Design Systems, Inc. Provides Earnings Guidance for the Second Quarter and Fiscal Year 2024	Apr. 22	CI
Cadence Design Systems, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 22	CI
Equities Higher as Investors Look Ahead to Week's Key Earnings	Apr. 22	MT

Chart Cadence Design Systems, Inc.

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Company Profile

Cadence Design Systems, Inc. is No. 1 worldwide in developing and marketing design software for integrated circuits and electronic systems. Net sales break down by activity as follows: - sale of licenses (93.8%): design software, integrated circuit verification, simulation, and performance control systems, etc. In addition, the group offers maintenance services; - services (6.2%): consulting, training, system design and development, technical assistance, etc. Net sales are distributed geographically as follows: the United States (41.4%), Americas (1.6%), China (16.6%), Japan (5.6%), Asia (18.8%) and Europe/Middle East/Africa (16 %).

Sector

Software

Calendar

2024-05-21 - J.P. Morgan Global Technology, Media and Communications Conference

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Ratings for Cadence Design Systems, Inc.

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ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

288.8 USD

Average target price

323.3 USD

Spread / Average Target

+11.93%

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Quarterly earnings - Rate of surprise

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