|Bid||49.20 x 1400|
|Ask||56.57 x 800|
|Day's Range||55.46 - 56.72|
|52 Week Range||35.49 - 57.25|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||45.99|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||59.01|
As growth inevitably slows at Amazon, Alphabet and their peers, perhaps it is time for the mega-cap tech firms to shrug off their general aversion to large acquisitions.
Cadence Design Systems earnings report for the fourth quarter of 2018 has CDNS stock on its way up Wednesday.Cadence Design Systems (NASDAQ:CDNS) reported earnings per share of 52 cents for the fourth quarter of the year. This is an increase over the company's earnings per share of 39 cents from the same period of the year prior. It was also a boon to CDNS stock by coming in above Wall Street's earnings per share estimate of 47 cents for the quarter.Net income reported in the Cadence Design Systems earnings release for the fourth quarter of 2018 comes in at $98.43 million. This is better than the company's net loss of $14.44 million reported in the fourth quarter of 2017.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOperating income from the Cadence Design Systems earnings report for the fourth quarter of the year was $113.69 million. The electronic design software and engineering company reported operating income of $81.28 million during the same time last year.The Cadence Design Systems earnings report for the fourth quarter of 2018 also includes revenue of $569.85 million. This is up from the company's revenue of $501.72 million reported in the fourth quarter of the previous year. It was also great news for CDNS stock by beating out analysts' revenue estimate of $550.35 million for the period. * 10 Smart Money Stocks to Buy Now "Cadence achieved excellent operating results for 2018 as technology trends like AI, cloud/datacenter and 5G drove strong design activity," Lip-Bu Tan, CEO of Cadence Design Systems, said in a statement.CDNS stock was up 4% as of Wednesday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Cadence Design Systems Earnings: CDNS Stock Surges on Q4 Beat appeared first on InvestorPlace.
Check out the companies making headlines midday Wednesday:CVS Health CVS — Shares of CVS Health plummeted 8.1 percent after the company issued lighter-than-expected guidance for 2019. CVS Health expects 2019 earnings to range between $6.
The major stock indexes were mixed early Wednesday ahead of the Fed minutes. Top stocks Trade Desk and Wix sold off in morning trade.
soared 7.01% to $56.33 in premarket trading Wednesday after the hardware and software products maker beat Wall Street's fourth-quarter earnings expectations. Adjusted earnings came to 52 cents a share, beating Wall Street's expectations of 48 cents.
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Cadence (CDNS) gains from robust adoption of it's digital and signoff, custom and analog, IP solutions, and an ever expanding customer base.
Stock futures: Merck's Keytruda drug failed a liver cancer study. Shares of the Dow Jones drug giant fell. Software stocks Five9, Cadence Design and OneSpan rose sharply on earnings.
Check out the companies making headlines after the bell:Devon Energy DVN shares surged more than 6 percent after reporting fourth-quarter earnings and plans to separate its Canadian and Barnett Shale assets.
Chip-design software firm Cadence Design Systems late Tuesday easily beat Wall Street's targets for the fourth quarter. The Cadence earnings report sent its stock higher in extended trading.
Cadence Design Systems Inc. shares rallied in the extended session Tuesday after the chip-design software company's results and outlook topped Wall Street estimates. Cadence Design shares surged 7% after hours, following a 0.1% rise to close the regular session at $52.64. The company reported fourth-quarter net income of $98.4 million, or 35 cents a share, compared with a loss of $14.4 million, or 5 cents a share, in the year-ago period. Adjusted earnings were 52 cents a share. Revenue rose to $569.9 million from $501.7 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 47 cents a share on revenue of $550.3 million. Cadence Design expects earnings of 48 cents to 50 cents a share on revenue of $565 million to $575 million for the first quarter, and $1.97 to $2.07 a share on revenue of $2.27 billion to $2.31 billion for the year. Analysts had forecast 46 cents a share on revenue of $549 million for the first quarter, and $1.96 a share on revenue of $2.26 billion for the year.
SAN JOSE, Calif. (AP) _ Cadence Design Systems Inc. (CDNS) on Tuesday reported fourth-quarter net income of $98.4 million, after reporting a loss in the same period a year earlier. The results exceeded Wall Street expectations.
Cadence Design Systems, Inc. today reported its results under new revenue rules, ASC Topic 606. For the fourth quarter of 2018, Cadence reported revenue of $570 million, GAAP net income of $98 million, or $0.35 per share on a diluted basis, and non-GAAP net income of $147 million, or $0.52 per share on a diluted basis.
Cadence Design Systems, Inc. (CDNS) and Green Hills Software, a privately held company, today announced a strategic partnership that is expected to leverage their respective strengths to drive embedded system safety and security, while accelerating growth for both companies. As part of the partnership, Cadence has invested about $150 million that represents an approximate 16 percent ownership interest in Green Hills, and Cadence CEO, Lip-Bu Tan, has joined the Green Hills Board of Directors. There continues to be rapid growth of hyperconnected embedded systems that are deployed into critical infrastructure such as aerospace and defense, automobiles, industrial and medical devices.
NEW YORK, NY / ACCESSWIRE / February 19, 2019 / Cadence Design Systems, Inc. (NASDAQ: CDNS ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on February 19, 2019 ...
Investing.com - Cadence Design (NASDAQ:CDNS) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
Cadence (CDNS) to gain from strong adoption of it's digital and signoff, custom and analog, IP solutions and expanding customer base.
The typical Facebook employee makes double what the typical household in Silicon Valley makes — even as the region's household earnings rose to an all-time high last year.