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Fly News Breaks for June 14, 2016
CDNS
Jun 14, 2016 | 06:29 EDT
As previously reported, Needham downgraded Cadence Design to Hold from Buy. Analyst Richard Valera downgraded shares citing continued shares outperformance and little room for multiple expansion.
News For CDNS From the Last 2 Days
CDNS
Apr 24, 2024 | 16:01 EDT
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.
