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Fly News Breaks for July 28, 2015
CDNS
Jul 28, 2015 | 05:54 EDT
JPMorgan analyst Sterling Auty expects shares of Cadence Design to move higher on the company's $1.2B repurchase announcement. He raised his price target for shares to $21 from $19 but keeps a Neutral rating on the name. Softness in semiconductor end customers and the potential for margin compression in 2016 will be topics for investors, the analyst writes in a post-earnings research note.
News For CDNS From the Last 2 Days
CDNS
Apr 23, 2024 | 06:49 EDT
Piper Sandler lowered the firm's price target on Cadence Design to $318 from $334 and keeps a Neutral rating on the shares. The firm notes the company reported solid Q1 results, but Q2 guide came below consensus on revenue and EPS. This was at odds with commentary noting a record bookings quarter, accelerating backlog growth and the FY24 revenue guide being raised by $10M at the midpoint.
CDNS
Apr 22, 2024 | 18:11 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSCrane... To see the rest of the story go to thefly.com. See Story Here
CDNS
Apr 22, 2024 | 16:39 EDT
CDNS
Apr 22, 2024 | 16:03 EDT
Sees FY24 revenue $4.56B-$4.62B, consensus $4.59B.
CDNS
Apr 22, 2024 | 16:03 EDT
CDNS
Apr 22, 2024 | 16:03 EDT
CDNS
Apr 22, 2024 | 14:05 EDT
Pre-earnings options volume in Cadence Design is 1.7x normal with calls leading puts 3:2. Implied volatility suggests the market is anticipating a move near 4.4%, or $12.56, after results are released. Median move over the past eight quarters is 2.9%.
CDNS
Apr 22, 2024 | 13:24 EDT
