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 ...

Analysts on Wall Street project that Cadence Design Systems (CDNS) will announce quarterly earnings of $1.44 per share in its forthcoming report, representing an increase of 14.3% year over year. Revenues are projected to reach $1.18 billion, increasing 15.7% from the same quarter last year.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initia ...

Core Viewpoint - Cadence Design Systems (CDNS) is anticipated to report a year-over-year increase in earnings and revenues for the quarter ended September 2024, with the earnings report expected on October 28 [1][2]. Group 1: Earnings Expectations - The consensus estimate for Cadence's quarterly earnings is $1.44 per share, reflecting a year-over-year increase of 14.3% [2]. - Expected revenues for the quarter are $1.18 billion, which is a 15.7% increase from the same quarter last year [2]. Group 2: Estimate Revisions - The consensus EPS estimate has been revised 0.16% lower over the last 30 days, indicating a reassessment by analysts [3]. - Despite the slight downward revision, the Most Accurate Estimate for Cadence is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.69% [6][7]. Group 3: Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [5]. - Cadence holds a Zacks Rank of 2, indicating a favorable outlook for beating the consensus EPS estimate [7]. Group 4: Historical Performance - In the last reported quarter, Cadence exceeded the expected earnings of $1.23 per share by delivering $1.28, resulting in a surprise of +4.07% [8]. - Over the past four quarters, Cadence has consistently beaten consensus EPS estimates [8]. Group 5: Industry Context - SS&C Technologies, another player in the Zacks Computer - Software industry, is expected to report earnings of $1.26 per share for the same quarter, reflecting a year-over-year change of +7.7% [10]. - SS&C's revenues are projected to be $1.44 billion, up 5.5% from the previous year, but it has a negative Earnings ESP of -0.32% [10].

The third-quarter 2024 earnings season is slowly gathering pace. The last two weeks of this month are crucial for market participants as six out of the “Magnificent 7” companies will report their quarterly financial numbers. Investors will closely monitor these results.Aside from these companies, several corporate bigwigs will report this month. We have narrowed our search to three technology giants that are set to beat on Q3 earnings results. These companies are Cadence Design Systems Inc. (CDNS) , Uber Te ...

Cadence Design Systems, Inc. (CDNS) is a leader in the electronic design automation ("EDA") space. The company’s Intelligent System Design strategy aids users to transform design concepts into reality by offering computational software, hardware and IP.In the last reported quarter, revenues of $1.061 billion topped the Zacks Consensus Estimate by 1.2% and increased 8.6% on a year-over-year basis. The figure surpassed the management’s guided range of $1.03-$1.05 billion. Expanding product portfolio as well a ...

In the latest market close, Cadence Design Systems (CDNS) reached $280.64, with a +0.39% movement compared to the previous day. This change outpaced the S&P 500's 0.21% loss on the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.05%.Shares of the maker of hardware and software products for validating chip designs have appreciated by 5.61% over the course of the past month, underperforming the Computer and Technology sector's gain of 9.62% and the S&P 500's gain of 5.94%.Market ...

On October 1, 2024, Paul Cunningham, Senior Vice President of Cadence Design Systems Inc (CDNS, Financial), sold 650 shares of the company at a price of $273.44 per share. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 61,761 shares of Cadence Design Systems Inc.Cadence Design Systems Inc is a leading provider of software, hardware, and semiconductor IP that is used to design integrated circuits, systems on chips, and printed circuit boards. The company's products ...

Group 1 - Cadence Design Systems, Inc (NASDAQ: CDNS) is positioned as a critical player in the AI revolution, yet it has not garnered as much attention as other companies in the sector [1] - The focus is on identifying high-quality companies with a market capitalization of less than $10 billion, which presents significant growth opportunities [1] - The ideal companies should demonstrate a long-term capability of capital compounding with a high compound annual growth rate, potentially delivering tenfold returns or more [1] Group 2 - A conservative investment strategy is primarily adopted, with occasional pursuits of opportunities that offer a favorable risk-reward ratio [1] - The approach emphasizes maintaining a long-term perspective to achieve higher returns compared to market indices in a rapidly evolving investment landscape [1]