These Analysts Boost Their Forecasts On Cadence Design Systems Following Upbeat Q2 Earnings
1. CDNS reported second-quarter revenue of $1.28 billion, surpassing estimates. 2. Adjusted EPS for Q2 was $1.65, exceeding expectations of $1.58. 3. FY25 revenue guidance raised to 13% year-over-year growth. 4. Analysts raised target prices, signaling strong confidence in future performance. 5. Stock gained 8.2% post-earnings report, reflecting positive market sentiment.