The Latest Breaking News from Cadence Design Systems

Cadence Design Systems, a maker of electronic systems design software, late Monday beat Wall Street's targets for the second quarter.

US stock futures traded higher this morning on Tuesday after recording sharp losses in the previous session. Investors, meanwhile, focused on some notable insider trades.

With more than 30 years of computational expertise, Cadence Design Systems (CDNS) continues to make product and services advances and deliver strong shareholder returns. Furthermore, the company possesses strong fundamentals. So, let's evaluate why it could be wise to bet on the stock now.

Over the past 3 months, 6 analysts have published their opinion on Cadence Design Systems (NASDAQ:CDNS) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

According to Benzinga Pro, during Q4, Cadence Design Systems (NASDAQ:CDNS) earned $176.58 million, a 0.15% increase from the preceding quarter. Cadence Design Systems also posted a total of $773.04 million in sales, a 2.95% increase since Q3.

Cadence Design Systems (NASDAQ:CDNS) reported its Q4 earnings results on Tuesday, February 22, 2022 at 04:05 PM. Here's what investors need to know about the announcement.

Cadence Design Systems, a maker of electronic design automation software, late Tuesday beat Wall Street's targets for the fourth quarter.