Cadence Design Systems, Inc. (NASDAQ:CDNS) is reporting second quarter financial results on Monday 20th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, CDNS is expected to report 2Q20 income of $ 0.52 per share from revenue of $ 592.79 million.
For the full year, analysts anticipate top line of $ 2559.45 million, while looking forward to income of $ 2.46 per share bottom line.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 580.00 million ~ $ 600.00 million
Full Year 2020 topline are forecasted in a range of$ 2,545.00 million ~ $ 2,585.00 million, where as bottomline are predicted in a range of $ 2.40 ~ $ 2.50 per share
Click Here For More Historical Outlooks Of Cadence Design Systems, Inc.
Previous Quarter Performance
Cadence Design Systems, Inc. posted income for the first quarter of $ 0.60 per share, from the revenue of $ 617.96 million. The quarterly earnings developed 11.11 percent compared with the same quarter last year. Wall street analysts are predicting, CDNS to report 1Q20 income of $ 0.54 per share from revenue of $ 613.41 million. The bottom line results beat street analysts by $ 0.06 or 11.11 percent, at the same time, top line results outshined analysts by $ 4.55 million or 0.74 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CDNS was $ 100.23, representing a 95.04 % increase from the 52 week low of $ 51.39 and a 1.81 % decrease over the 52 week high of $ 102.08.
The company has a market capital of $ 27.98 billion and is part of the Technology sector and Software – Application industry.
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Recent Analyst recommendations
On 27th May 2020, initiated by UBS Group at Neutral rating.
Conference Call
Cadence Design Systems, Inc. will be hosting a conference call at 5:00 PM eastern time on 20th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cadence.com
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware.
