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Cadence Design Systems Inc. Message Board

  • bullinvestor10 bullinvestor10 Apr 22, 2010 3:36 PM Flag

    Is this stock on the move?

    Can someone explain how CDNS got into positive territory in Q1, 2010 when the revenues are comparable to Q1,2009 but Q1,2009 returned -2.91 for investors.

    I think the answer lies in this big jump in "income after tax" from "income before tax" in Q1,2010. Based on logic, income after tax should be lower than income before tax, but I have no clue on how these accounting guys come up with these numbers.

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    • I remember this stock in the 30's. At that time their programs cost large companies $50K per computer to use their software. I followed the price down to below 5 and finally purchased it at 7. I like what they do and am in it for the long term.. I think the stock will go up to its high's of 10 years ago..

      Good luck to all us longs..

 
CDNS
25.05+0.12(+0.48%)May 27 4:00 PMEDT