These Analysts Revise Their Forecasts On Cadence Design Systems Following Q4 Results

Cadence Design Systems Inc (NASDAQ:CDNS) reported upbeat financial results for the fourth quarter Tuesday after the bell.

Cadence Design Systems reported fourth-quarter revenue of $1.44 billion, beating analyst estimates of $1.42 billion. The company reported fourth-quarter adjusted earnings of $1.99 per share, beating estimates of $1.91 per share, according to Benzinga Pro.

"Strong customer demand for our expanding AI-driven product portfolio and the essential nature of Cadence's engineering software position us well to capture the massive opportunities in the AI era," said Anirudh Devgan, president and CEO of Cadence Design Systems.

Cadence Design Systems expects first-quarter adjusted earnings to be in the range of $1.89 to $1.95 per share versus estimates of $1.80 per share. The company ...

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