|Bid||64.45 x 800|
|Ask||64.45 x 1100|
|Day's Range||63.78 - 70.46|
|52 Week Range||40.31 - 77.08|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||42.27|
|Earnings Date||Oct 21, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||74.69|
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Dow Jones futures: Biogen stock skyrocketed after the biotech said it'll seek FDA approval for its Alzheimer's drug. McDonald's fell sharply after missing on earnings and sales.
It hasn't been the best quarter for Cadence Design Systems, Inc. (NASDAQ:CDNS) shareholders, since the share price has...
Stock futures: Cadence Design Systems, Vertex Pharmaceuticals, Stamps.com and a big opioid settlement made headlines after the stock market recouped Friday's losses.
Cadence (CDNS) delivered earnings and revenue surprises of 5.88% and 0.84%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Cadence Design Systems Inc. shares rose in the extended session Monday after the chip-design software company topped Wall Street estimates for the quarter. Cadence shares rose 3.7% after hours, following a 1.8% rise in the regular session to close at $66.75. The company reported third-quarter net income of $101.5 million, or 36 cents a share, compared with $99.3 million, or 35 cents a share, in the year-ago period. Adjusted earnings were 54 cents a share. Revenue rose to $579.6 million from $532.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 51 cents on revenue of $576.1 million. Cadence expects adjusted earnings of 52 cents to 54 cents on revenue of $590 million to $600 million for the fourth quarter, while analysts had forecast earnings of 52 cents a share on revenue of $591.9 million.
Chip design software maker Cadence Design Systems late Monday beat Wall Street's targets for the third quarter. The Cadence earnings news sent CDNS stock sharply higher in late trading.
NEW YORK, NY / ACCESSWIRE / October 21, 2018 / Cadence Design Systems, Inc. (NASDAQ: CDNS ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 21, 2018 ...
Shares of Cadence Design Systems Inc. rose in after-hours trading Monday after the company posted better-than-expected third-quarter results. The stock gained $3.45, or 5.1%, to $70.20 in after-hours trading.
Investing.com - Cadence Design (NASDAQ:CDNS) reported third quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.
Cadence Design Systems, Inc. is expected to report net income of $143 million, or 51 cents a share, on sales of $576.1 million after the market closes on Monday, based on a FactSet survey of 10 analysts. Quarterly estimates have risen less than 1 cent a share in the past month. In the upcoming quarter, analysts are forecasting net income of $144.5 million, or 52 cents a share, on sales of $591.9 million.
Samsung and Cadence collaborate to deliver an integrated flow for designing analog and mixed-signal applications at the 5nm node
Cadence full flow enables the planning, implementation and analysis of advanced multi-die and chiplet-based IC packaging
Cadence (CDNS) benefits from solid demand of its broad based product portfolio. Traction witnessed by Palladium Z1 and EDA-optimized Cloud-Hosted Design solution is also a positive.
Cadence (CDNS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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If you're not a tech person -- or you don't keep up with the industry super closely -- you've likely never heard of Cadence Design Systems (NASDAQ:CDNS) stock. Although the company has an $18 billion market cap, has existed since 1988 and spans 20 countries with almost 8,000 employees, it just doesn't like to plaster its logo everywhere. It's at the top of the development chain where chips are made, designed and tested.Source: mrinalpal / Shutterstock.com The company started in this line of work before the digital revolution really gained traction. This means its dealt with mainframes, auto manufacturers and the like in the early days. It knows how to manage its business in good and bad times.In fact, Cadence is one of my Top 5 Stocks for Growth Investor, where CDNS stock holds a place of honor in my High-Growth Investments Buy List. And right now is a good time. Mass digitization gives CDNS a bigger role to play in the software industry.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCDNS doesn't make chips, it makes tools and software to help design the chips. That means it has gotten caught up in the U.S.-China trade war, since it supplied its products to China's Huawei, the biggest telecom in China and a leader in 5G technology. U.S.-China Trade War and CDNS StockSo far, this hasn't bothered CDNS much -- and it beat earnings expectations in the past two quarters. Earnings beats are a key component of my Growth Investor strategy, and odds are Cadence will do it again. It does so in the face of dour economic news not only from abroad, but increasingly at home as well.The reason for this is the fact that we are transitioning into a new mobile age that requires an entire new set of technological solutions. You can think of CDNS as an upstream partner to a company like Nvidia (NASDAQ:NVDA). And Nvidia has transformed from a niche graphics card company to a juggernaut in the next generation of tech applications.The firms that use CDNS include all the big-name chipmakers you can think of. And they're all looking to get into 5G, autonomous driving, big data, artificial intelligence, smart homes, etc.What companies won't do at this point is give up their next-generation technologies and stick with the status quo. That doesn't work in this kind of market, even with a global slowdown and major trade wars.CDNS stock is up over 50% year-to-date and 46% for the past 12 months, given the big tech selloff in last year's fourth quarter. But that is still a healthy gain given the fact that it's been hit by the U.S.-China trade war.My Portfolio Grader has CDNS stock rated an "A" now, which means the markets still hold the stock in high regard, even in these uncertain times. Also, the fact that it has survived both the dotcom bubble and the 2008 financial crisis is very encouraging. I'm a long-term investor which is one reason I've got my eye on the "mother of all technologies" now. The Huge Tech Trend That's About to Take the Semiconductor Industry to the StratosphereUp until now, technologies have certainly made our lives easier and more efficient … but with a lot of room for human error. People trip over cords, spill their coffee and get tired.Artificial intelligence does not.If AI sounds futuristic, well then, the future is already here. If you use apps like Netflix (NASDAQ:NFLX), TurboTax, QuickBooks, Zillow (NASDAQ:Z) or even an email spam filter, then AI is already helping your day run more smoothly and efficiently.And as scientists find even more applications for artificial intelligence -- from healthcare to retail to self-driving cars -- it's incredible to imagine how much computing power will be involved. So any one company that can help with that is the one company that's most worth investing in.You don't need to be an AI expert to take part. I'll tell you everything you need to know, as well as my buy recommendation, in Growth Investor. My 1 stock for the AI trend is still under my buy limit price -- so you'll want to sign up now. That way, you can get in and do so cheaply.Click here for a free briefing on this groundbreaking innovation.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: The Race Is a Little More Gnarly Now * 7 Next-Generation Healthcare Stocks to Buy * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? The post Keep an Eye on Cadence Design Stock Ahead of Earnings appeared first on InvestorPlace.
Cadence Design Systems (CDNS) closed the most recent trading day at $64.02, moving -1.95% from the previous trading session.
Today we're going to take a look at the well-established Cadence Design Systems, Inc. (NASDAQ:CDNS). The company's...