Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 16:Ecolab Inc. (ECL) : This hygiene solutions company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5% over the last 60 days.Ecolab's shares gained 17.4% over the last three months compared with the S&P 500’s advance of 10.4%. The company possesses a Momentum Score of A.Cadence Design Systems, Inc. (CDNS) : This semiconductor company has ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Cadence Design Systems, Inc. (CDNS) : This company which provides software, hardware, services, and reusable integrated circuit design blocks has seen the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days.Ecolab Inc. (ECL) : This company that provides water, hygiene, and infection prevention solutions and services has seen the Zacks Consensus Estimate for its current year earnings increasing 5% ...

Shares of Cadence Design Systems (CDNS -4.00%) declined 4% on Tuesday, following the electronics design specialist's release on the prior afternoon of its fourth-quarter 2023 report. This drop is likely mainly attributable to first-quarter 2024 guidance coming in lighter than Wall Street had expected for both revenue and adjusted earnings. Shares might have also gotten a headwind from the broader market, as all the major indexes were down due to the government's release of the consumer price index (CPI) for ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ FORM 10-K _____________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from _________ to_________. Commission file number 000-15867 _______________________________ ...

Cadence Design Systems (CDNS) reported $1.07 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 18.8%. EPS of $1.38 for the same period compares to $0.96 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.07 billion, representing a surprise of +0.27%. The company delivered an EPS surprise of +2.99%, with the consensus EPS estimate being $1.34.While investors closely watch year-over-year changes in headline numbers -- revenue and earn ...

Cadence Design Systems (CDNS) posted fourth-quarter 2023 non-GAAP earnings of $1.38 per share, which beat the Zacks Consensus Estimate by 3% and increased 43.8% year over year.Revenues of $1.069 billion surpassed the Zacks Consensus Estimate by 0.3% and rose 18.8% on a year-over-year basis. The top line benefited from higher customer demand amid robust design activity and strong operational execution. CDNS ended the quarter with a backlog of $6 billion and current remaining performance obligations of $3.2 b ...

Cadence Design Systems, Inc. (NASDAQ:CDNS) Q4 2023 Earnings Conference Call February 12, 2024 5:00 PM ET Company Participants Richard Gu - Vice President, Investor Relations Anirudh Devgan - President and Chief Executive Officer John Wall - Senior Vice President and Chief Financial Officer Conference Call Participants Jason Celino - KeyBanc Capital Markets Charles Shi - Needham Vivek Arya - Bank of America Securities Gary Mobley - Wells Fargo Securities Jay Vleeschhouwer - Griffin Securities Harlan Sur - JP ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2023. Fourth Quarter 2023 Financial Highlights Revenue of $1.069 billion, compared to revenue of $900 million in Q4 2022 GAAP operating margin of 31%, compared to 23% in Q4 2022 Non-GAAP operating margin of 43%, compared to 36% in Q4 2022 GAAP diluted net income per share of $1.19, compared to $0.88 in Q4 2022 Non-GAAP diluted net income per share of $1.38, ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) and Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced at 3DEXPERIENCE World that they have extended their ongoing strategic partnership by integrating the AI-driven Cadence® OrCAD® X and Allegro® X with Dassault Systèmes’ extended 3DEXPERIENCE Works Portfolio, for SOLIDWORKS existing and future customers. This enables best-in-class collaboration for continuous development across PCB, 3D mechanical design an ...

Investors are always looking for stocks that are poised to beat at earnings season and Cadence Design Systems, Inc. (CDNS) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Cadence is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pret ...