Wed, Jul 23, 2014, 1:14 AM EDT - U.S. Markets open in 8 hrs 16 mins

Recent

% | $
Click the to save as a favorite.

Cadence Design Systems Inc. Message Board

  • edawizzard edawizzard Jun 24, 2009 9:23 AM Flag

    Not good

    This guy does not like Cadence anytime soon.

    Cadence Design Systems (CDNS)
    By Ian T. Gilson
    Zacks Investment Research

    On Wednesday June 24, 2009, 1:00 am EDT
    Buzz up! 0 Print.Companies:Cadence design systems inc.
    Cadence Design Systems (NasdaqGS: CDNS - News) reported weak results for 1Q 2009. We expect that a turnaround is going to take time due to mounting financial problems leading to a lackluster growth. The company provided guidance for a poor 2Q and 2009.

    Although Cadence is offering new products and taking cost-cutting measures, we are not confident in the company's ability to grow and show healthy fundamentals. Cadence has been losing share to Synopsys and is struggling through a downturn in the semiconductor cycle. Cadence also withdrew its bid for Mentor Graphics in 2008, further dimming its growth prospects.

    Cadence recently came out with enhanced versions of its products, but it will take time for these to generate additional revenue. We maintain a Sell rating on the shares and reiterate our six-month price target of $2.50.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
CDNS
17.03-0.47(-2.69%)Jul 22 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.