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 ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Cadence Design Systems (CDNS) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Cadence Design Systems is one of 621 companies in the Computer and Technology group. The Computer and Technology group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual secto ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Cadence Design Systems (CDNS) .Cadence currently has an average b ...

Cadence Design Systems (CDNS) is scheduled to release fourth-quarter 2023 results on Feb 12.For the fourth quarter, Cadence expects total revenues in the range of $1.039-$1.079 billion. The Zacks Consensus Estimate is currently pegged at $1.07 billion, suggesting an increase of 18.7% from a year ago.Management projects non-GAAP earnings per share (EPS) in the range of $1.30-$1.36. The Zacks Consensus Estimate is pegged at $1.34, indicating an increase of 40% from the prior-year quarter’s reported figure.The ...

In the latest market close, Cadence Design Systems (CDNS) reached $296.65, with a +0.03% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.32%. At the same time, the Dow lost 0.71%, and the tech-heavy Nasdaq lost 0.2%.Prior to today's trading, shares of the maker of hardware and software products for validating chip designs had gained 17.35% over the past month. This has outpaced the Computer and Technology sector's gain of 9.33% and the S&P 500's ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Cadence Design Systems (CDNS) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

Software is ubiquitous and has become the focal point of technological innovation. Software stocks have been benefiting from accelerated demand for digital transformation and the ongoing shift to the cloud. However, weakened consumer spending amid ongoing macroeconomic headwinds is hurting industry participants. Enterprises are postponing their large IT spending plans due to a weakening global economy amid inflationary pressure, higher interest rates and unfavorable forex. These do not bode well for industr ...

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