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Barchart
Barchart
Aditya Sarawgi

Cadence Design Systems Earnings Preview: What to Expect

Cadence Cadence Design Systems CDNS

Valued at $96.3 billion by market cap, San Jose, California-based Cadence Design Systems, Inc. (CDNS) is a global provider of software services. Its offerings include functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.

The tech giant is set to release its third-quarter results after the market closes on Monday, Oct. 27. Ahead of the event, analysts expect CDNS to deliver a profit of $1.42 per share, up 13.6% from $1.25 per share reported in the year-ago quarter. While the company missed the Street’s bottom-line estimates once over the past four quarters, it met or surpassed the projections on three other occasions.

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