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 ...

Cadence Design Systems, Inc (NASDAQ: CDNS ) is one of the most exciting companies right now because it is critical to the AI revolution, yet it has not received as much attention as otherMy primary area of concentration will be on identifying companies of exceptional caliber, with a proven ability to reinvest capital for impressive returns. Targeting those with a market capitalization of less than $10 billion, affords ample opportunities for growth. The ideal scenario is for these companies to demonstrate a ...

These two unique chipmaking software companies could stand a split.With booming adoption of artificial intelligence, many key semiconductor companies have seen their stock prices soar, after which several announced stock splits this year. But there are two critically important companies in the background of all semiconductor production that may fly under many investors' radar. This duopoly controls the software platforms virtually all chip companies use to design and test their semiconductors.Having experie ...

Cadence Design Systems (CDNS) stock has declined 15.8% in the past three months, underperforming its industry and the broader technology sector. Within the same time frame, the sub-industry and the Zacks Computer and Technology sector have declined 2.5% and 4.3%, respectively. It also lags the S&P 500’s growth of 2.4%.Three-Month Price PerformanceImage Source: Zacks Investment ResearchCDNS shares have been declining as the company’s guidance for the current quarter revenues and earnings per share came in lo ...

Cadence Design Systems (CDNS) closed the latest trading day at $250.85, indicating a -1.29% change from the previous session's end. This change lagged the S&P 500's daily loss of 0.3%. Meanwhile, the Dow lost 0.54%, and the Nasdaq, a tech-heavy index, added 0.25%.Shares of the maker of hardware and software products for validating chip designs have appreciated by 1.53% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.22% and lagging the S&P 500's gain of 3.42%. ...

Cadence Design Systems (CDNS) stock has declined 8.7% in the past six months compared with the industry’s growth of 2.4%. The S&P 500 composite index has returned 11.3% in the same time frame and the Zacks Computer and Technology sector has jumped 13.1%.It has also underperformed its peers in the EDA space. Keysight Technologies (KEYS) shares have appreciated 1.5% in the last six months, while Synopsys (SNPS) and ANSYS (ANSS) shares have dropped 6% and 3.6%, respectively.Image Source: Zacks Investment Resea ...

It has been about a month since the last earnings report for Cadence Design Systems (CDNS) . Shares have lost about 0.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Cadence due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Cadence Q2 Earnings Top EstimatesCade ...