Reported 3 days ago
Cadence Design Systems (CDNS) reported quarterly earnings of $1.88 per share, beating estimates of $1.82, while revenues in Q4 reached $1.36 billion, exceeding expectations by 0.60%. This marks a significant improvement from last year's earnings of $1.38 per share and revenues of $1.07 billion. Over the last four quarters, Cadence has consistently surpassed EPS and revenue estimates. However, with a Zacks Rank of #4 (Sell), the outlook for the stock suggests a potential underperformance compared to the market in the near term.
Source: YAHOO