Why Is Cadence (CDNS) Up 3% Since Last Earnings Report?

A month has gone by since the last earnings report for Cadence Design Systems (CDNS) . Shares have added about 3% in that time frame, underperforming 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 catalysts. Cadence Q1 Earnings Top EstimatesCadence Des ...