Cadence Design Systems: Initiating With A Buy On AI Strides

Cadence Design Systems (NASDAQ: CDNS ) reported 3Q24 earnings on Monday, and the stock surged 7% on top and bottom line beat and increased full-year guidance. I'm initiating the stock with a buy for the longer-term investors and think the increased I'm a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I've spent over two decades in the ...