These Analysts Raise Their Forecasts On Cadence Design Following Better-Than-Expected Earnings

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Cadence Design Systems, Inc. (NASDAQ:CDNS) posted better-than-expected third-quarter earnings after Monday’s closing bell.

Cadence Design reported quarterly earnings of $1.93 per share which beat the Street estimate of $1.79. Quarterly revenue came in at $1.38 billion which beat the analyst consensus estimate of $1.32 billion and was up from revenue of $1.21 billion from the same period last year.