Earnings Outlook For Cadence Design Sys
Portfolio Pulse from Benzinga Insights
Cadence Design Sys (NASDAQ:CDNS) is set to release its quarterly earnings report on Monday, 2023-10-23. Analysts estimate an EPS of $1.20. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $245.06 and has seen a 52.41% increase over the last 52-week period.
October 20, 2023 | 2:01 pm
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Cadence Design Sys is expected to announce its Q3 earnings. The stock price could be influenced by the earnings report and the company's guidance for the next quarter.
The company's earnings report could influence the stock price. However, it's not always the earnings beat or miss that affects the price, but the guidance. The stock has been performing well over the past year, which could indicate investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100