Cadence (CDNS) Up 9% Since Last Earnings Report: Can It Continue?

It has been about a month since the last earnings report for Cadence Design Systems (CDNS) . Shares have added about 9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cadence due for a pullback? 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 drivers. Cadence's Q3 Earnings & Revenues Top Estim ...