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Stock Market & Financial Investment News

News Breaks
June 13, 2013
08:13 EDTCDNSCadence IP acquisition not expected to have material impact on results
Cadence Design announced that it has completed the acquisition of the IP business of Poland-based Evatronix. The acquisition is not expected to have a material impact on Cadence's balance sheet or Q2 or FY13 results of operations. Terms of the transaction were not disclosed.
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July 25, 2014
07:54 EDTCDNSCadence Design management to meet with JPMorgan
Meetings to be held in Los Angeles/Pasadena/San Diego on July 31 hosted by JPMorgan.
July 22, 2014
10:17 EDTCDNSCadence Design falls, levels to watch
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10:00 EDTCDNSOn The Fly: Analyst Downgrade Summary
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05:32 EDTCDNSCadence Design downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Cadence Design to Neutral following the company's Q2 results citing valuation and gross margin pressure in the second half of 2014. The firm has an $18 price target for shares.
July 21, 2014
16:19 EDTCDNSCadence Design announces $300M stock repurchase plan over two years
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16:12 EDTCDNSCadence Design sees FY14 EPS 90c-98c, consensus 97c
Sees FY14 revenue $1.57B-$1.59B, consensus $1.57B.
16:11 EDTCDNSCadence Design sees Q3 EPS 23c-25c, consensus 26c
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16:09 EDTCDNSCadence Design reports Q2 EPS 21c, consensus 20c
Reports Q2 revenue $379M, consensus $375.93M.

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