Cadence Design System shares are trading lower after the company issued Q2 adjusted EPS and sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Cadence Design System's shares dropped following the company's announcement of Q2 adjusted EPS and sales guidance below expectations.
April 23, 2024 | 10:16 am
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Cadence Design System's stock price is expected to face downward pressure in the short term due to lower than expected Q2 adjusted EPS and sales guidance.
The announcement of lower than expected Q2 adjusted EPS and sales guidance directly impacts investor sentiment and the perceived future financial health of Cadence Design System, likely leading to a decrease in stock price in the short term.
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