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Fly News Breaks for April 25, 2017
CDNS
Apr 25, 2017 | 06:05 EDT
DA Davidson analyst Thomas Diffely downgraded Cadence Design to Neutral saying the valuation now reflects the company's bullish outlook. The analyst raised his price target for the shares to $32 from $30 following Cadence's Q1 results.
News For CDNS From the Last 2 Days
CDNS
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.
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