Cadence Design Systems, Inc. - Common Stock (CDNS)
242.68
+3.46 (1.44%)
Cadence Design Systems is a leading technology company that specializes in electronic design automation (EDA) software and engineering services
The company provides a comprehensive suite of tools and solutions that facilitate the design, verification, and implementation of integrated circuits and electronic systems. Cadence's offerings enable engineers to create innovative products across various industries, including consumer electronics, automotive, and telecommunications. By leveraging advanced algorithms and machine learning, Cadence helps customers improve their design efficiency, reduce time to market, and enhance the overall performance of their electronic products.
Eight years after being praised by TSMC founder Morris Chang for rescuing Cadence from crisis, Lip-Bu Tan has been named CEO of Intel, tasked with leading the embattled chipmaker through one of the most pivotal moments in its history.
Intel Corporation (NASDAQINTC) surged 11.6% during the pre-market trading session on Thursday after the company announced that tech industry veteran, Lip-Bu Tan, is set to take the helm as the new CEO.
After a strong Q4, Cadence Design Systems issued conservative guidance, raising questions about whether the stock’s high valuation is still justified. Let’s assess CDNS’s fundamental, sentimental, and technical outlook.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Procore (NYSEPCOR) and the rest of the design software stocks fared in Q4.
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Despite a significant drop in shares to start off 2025, Cadence Design Systems' business remains in strong position for long-term growth as technology advances.
Shares of semiconductor design software provider Cadence Design Systems (NASDAQCDNS) fell 11.7% in the morning session after the company reported underwhelming fourth-quarter 2024 results as its full-year revenue and EPS guidance were both below expectations. On the other hand, revenue was in line, and EPS beat. However, the top line guidance revealed a growth deceleration, which is worrisome. Overall, this was a weaker quarter, and the outlook is weighing on shares.
Let's delve into the developments on the US markets one hour before the close of the markets on Wednesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Stay informed about the performance of the S&P500 index in the middle of the day on Wednesday. Uncover the top gainers and losers in today's session for valuable insights.
Wondering what's happening in today's session regarding gap up and gap down stocks? Explore the S&P500 index on Wednesday to uncover the stocks that are gapping in the S&P500 index.
Let's have a look at what is happening on the US markets before the opening bell on Wednesday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
All three major U.S. indices are red in Wednesday's midday trading as investors weighed President Donald Trump's proposed tariffs on auto imports, pharmaceuticals and semiconductors.
Market indexes closed today’s regular trading session on a strong upswing that brought levels back near morning highs. That said, we lost the exuberance today’s pre-market trading had been enjoying.
Semiconductor design software provider Cadence Design Systems (NASDAQCDNS) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 26.9% year on year to $1.36 billion. On the other hand, the company’s full-year revenue guidance of $5.18 billion at the midpoint came in 1.3% below analysts’ estimates. Its non-GAAP profit of $1.88 per share was 3.2% above analysts’ consensus estimates.
