Cadence Design Systems Tops S&P 500 After Strong Third Quarter

Oct 29, 2024 · Shares of Cadence Design Systems shares climbed more than 12% on Tuesday to notch the top daily performance of any S&P 500 stock after the electronic design automation …

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Cadence Design Systems Tops S&P 500 After Strong Third Quarter

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Oct 29, 2024 · Shares of Cadence Design Systems shares climbed more than 12% on Tuesday to notch the top daily performance of any S&P 500 stock after the electronic design automation …

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Why Cadence Design Systems Rocketed Higher Today - Yahoo …

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Oct 29, 2024 · Accelerating growth bringing Cadence's 2024 figures up to par. In the third quarter, Cadence's revenue grew by 19% to $1.215 billion, slightly beating expectations, but adjusted …

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Cadence's Q3 Earnings & Revenues Top Estimates, Surge Y/Y

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Oct 29, 2024 · Cadence Design Systems CDNS reported third-quarter 2024 non-GAAP earnings per share (EPS) of $1.64, which beat the Zacks Consensus Estimate by 13.9%. The bottom …

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Here's Why Cadence Design Systems (CDNS) Gained But Lagged …

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1 day ago · Cadence Design Systems (CDNS) closed the latest trading day at $302.91, indicating a +0.09% change from the previous session's end. The stock fell short of the S&P 500, which …

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FAQs about Cadence Design Systems Tops S&P 500 After Strong Third Quarter Coupon?

Why did Cadence Design Systems lead the S&P 500?

Shares of electronic design automation firm Cadence Design Systems led the S&P 500 Tuesday following a strong earnings report. The company cited demand for AI-related products, with revenue from its Cadence.AI portfolio tripling year-over-year. Cadence sales skyrocketed in its intellectual property and system design and analysis businesses. ...

How strong is Cadence Design Systems' (CDNs) bookings pipeline?

"Our (fourth-quarter) bookings pipeline looks exceptionally strong," Wall said. Cadence Design Systems' (CDNS) tightened its full-year outlook, raising the lower end of the range on earnings and revenue after a better-than-expected third quarter, sending shares higher early Tuesday. ...

How did Cadence perform in Q3 2024?

Cadence reported Q3 2024 revenue grew 19% year over year to $1.215 billion. Non-GAAP EPS was $1.64, exceeding management's guidance range of $1.39 to $1.49. The system design and analysis segment saw a 47% growth. ...

Should you buy Cadence Design stock in 2024?

Following the strong financial results, analysts at Baird lifted their price target on Cadence Design stock to $340 from $332. Needham analysts, meanwhile, trimmed their price target to $315 from $320 but maintained their buy rating. Cadence Design shares have been volatile so far in 2024. ...

Is cadence a good company?

For 10 years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at www.cadence.com. © 2024 Cadence Design Systems, Inc. All rights reserved worldwide. ...

What does cadence do?

Cadence specializes in integrated circuits and electronic systems to aid in design processes across industries including communications, automotive, defense, and industrial markets. Robust demand for artificial intelligence (AI) design products underpinned Cadence's strong quarterly performance. ...