Cadence Design Systems maintains momentum heading into 2026, but valuation remains high: analysts

Core Insights - Cadence Design Systems (NASDAQ:CDNS) reported third-quarter results that exceeded most analysts' estimates [2] - The company raised its full-year revenue outlook significantly above consensus expectations [2] - Despite the positive guidance, shares of the company fell by 3% in early market trading [2] Financial Performance - The third-quarter results surpassed most estimates, indicating strong performance [2] - The raised full-year revenue outlook suggests confidence in continued growth [2] Market Reaction - The decline in share price by 3% during early trading suggests market skepticism despite the bullish guidance [2] - Analysts noted the contrast between the positive outlook and the market's negative reaction [2]