Key TakeawaysShares 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. Shares of Cadence Design Systems (CDNS) shares climbed more than 12% on Tuesday to notch the top daily performance of any S&P 500 stock after the electronic d ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 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 _____________________________________ cāde ...

Cadence blew its Q3 earnings estimates out of the water, and management forecast an even better Q4.Shares of semiconductor design software company Cadence Design Systems (CDNS 12.68%) were rallying on Tuesday, and up by 12.4% as of 2:55 p.m. ET.Cadence is one of two major firms producing software that enables chipmakers to design semiconductors. With more and more companies now designing their own semiconductors, and with the major chip companies diversifying their offerings, Cadence made news Monday night ...

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-line number increased 30.2% year over year, exceeding management’s guided range of $1.39-$1.49.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues of $1.215 billion topped the Zacks Consensus Estimate by 2.7% and increased 18.8% year over year. The figure surpassed management’s guided range of $1.165-$1.195 billion. R ...

Experience is difficult to learn. After 30 plus years of critically analyzing the nuts and bolts of businesses as diverse as airlines, oil, retail, mining to fintech and ecommerce plus the macro, monetary and political drivers. I continue to immensely enjoy learning and applying my experience to unravel, comprehend and benefit from new ideas, technology, innovation and business models. In addition, living through multiple crises, tequila, Asia, dotcom, 9/11, the great recession and the Covid19 pandemia, plu ...

Cadence Design Systems, Inc. (NASDAQ:CDNS) Q3 2024 Earnings Call Transcript October 28, 2024 5:00 PM ET Company Participants Richard Gu - VP of IR Anirudh Devgan - President and CEO John Wall - SVP and CFO Conference Call Participants Joe Vruwink - Baird Jason Celino - KeyBanc Capital Markets Gianmarco Conti - Deutsche Bank Lee Simpson - Morgan Stanley Charles Shi - Needham Jay Vleeschhouwer - Griffin Securities Vivek Arya - Bank of America Securities Clarke Jeffries - Piper Sandler Harlan Sur - JPMorgan Ru ...

Monday, October 28, 2024A healthy start to the trading week relied mostly on speculative valuation, as much of the factual reportage has yet to materialize. What we mean by this is most of the meaty reports with the potential to sway trading trajectories haven’t happened yet.Even still: the Dow was up +275 points, +0.65%, while the S&P 500 and Nasdaq grew +0.27% and +0.26% on the session, respectively. The small-cap Russell 2000 put up solid numbers for the day, +1.63% by the closing bell.It’s both Jobs Wee ...

Cadence Design Systems (CDNS) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.89%. A quarter ago, it was expected that this maker of hardware and software products for validating chip designs would post earnings of $1.23 per share when it actually produced earnings of $1.28, deliv ...

c ā d e n c e " Exhibit 99.02 CADENCE REPORTS THIRD QUARTER 2024 | --- | --- | --- | |-----------------------------------------------------------------------------|--------------------------------------------------------------------------------------|--------------------------------------| | CFO COMMENTARY | CADENCE DESIGN SYSTEMS, INC. | | | Key Takeaways | Q4 2024 Outlook | Q3 2024 KEY METRICS | | • Q3 revenue growth of ~19% year- | • Revenue: $1.325 billion - $1.365 billion | | | over-year | • GAAP opera ...

Cadence Design Systems, Inc (CDNS) is scheduled to release third-quarter 2024 results on Oct. 28. The Zacks Consensus Estimate for third-quarter 2024 earnings has been unchanged in the past 60 days at $1.44 per share. The consensus mark implies an increase of 14.3% from the year-ago actual. The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $1.18 billion, indicating a 15.7% uptick from the year-ago actual.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.CDNS’ E ...