Cadence Design Systems shares are trading higher in sympathy with Synopsys, which reported better-than-expected Q2 financial results and issued FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Cadence Design Systems (CDNS) shares are trading higher in sympathy with Synopsys, which reported better-than-expected Q2 financial results and issued FY23 guidance.
May 18, 2023 | 7:05 pm
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Cadence Design Systems shares are trading higher due to Synopsys' better-than-expected Q2 financial results and FY23 guidance.
Cadence Design Systems shares are trading higher as they are positively impacted by Synopsys' strong Q2 financial results and FY23 guidance. Investors may view this as a positive sign for the industry, leading to increased demand for CDNS shares.
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