Earnings Outlook For Cadence Design Sys
Portfolio Pulse from Benzinga Insights
Cadence Design Sys (NASDAQ:CDNS) is scheduled to release its quarterly earnings report on February 12, 2024, with an expected EPS of $1.33. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for future growth. Despite past earnings beats, CDNS has experienced mixed stock price reactions post-earnings. Currently, CDNS shares are trading at $307.36, reflecting a 68.26% increase over the last 52 weeks, indicating a generally positive sentiment among long-term shareholders.
February 09, 2024 | 2:01 pm
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Cadence Design Sys is expected to report an EPS of $1.33 for the upcoming quarterly earnings. Positive guidance and an earnings beat could influence the stock positively, considering the mixed reactions to past earnings and the current 68.26% YOY stock increase.
Given the expected EPS of $1.33 and the historical context of stock price reactions to earnings announcements, a positive earnings beat and guidance could lead to an uptick in CDNS's stock price. The stock's 68.26% YOY increase and past performance indicate a bullish sentiment that could be further fueled by favorable earnings results.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100