Cadence Q1 Non-GAAP Operating Margin 38%, Down From 42% YoY
Portfolio Pulse from Benzinga Newsdesk
Cadence reported a Q1 Non-GAAP Operating Margin of 38%, a decrease from 42% year-over-year.
April 22, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Cadence's Q1 Non-GAAP Operating Margin decreased to 38% from 42% year-over-year.
A decrease in operating margin indicates a reduction in operational efficiency and profitability, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100