Post-Earnings Coverage - Cadence Design Systems

Editor Note: For more information about this release, please scroll to bottom.

LONDON, November 4, 2014 — (PRNewswire) — has issued free post-earnings coverage on Cadence Design Systems Inc. (NASDAQ: CDNS). On October 20, 2014, the company reported its financial results for Q3 FY14 (period ended September 27, 2014). Click on to read our free earnings review on Cadence Design Systems Inc. (Cadence Design). During Q3 FY14, the company's non-GAAP net income increased by $17 million on a Y-o-Y basis and non-GAAP diluted EPS was up by $0.05 from the preceding year quarter. Our free coverage report can be accessed at:

Earnings Overview 

During Q3 FY14, Cadence Design reported revenue of $400.50 million compared to $366.65 million in the same period last year. The company's revenue during the reported quarter came slightly above Bloomberg analysts' forecast of $396.18 million. On a GAAP basis, the company's Q3 FY14 operating income increased to $54.05 million from $47.93 million in the prior-year quarter. Further, the company recognized GAAP net income of $37.54 million, or $0.12 per diluted share, in Q3 FY14 compared to $38.50 million, or $0.13 per diluted share, in the year-ago quarter. The free research on CDNS can be downloaded as in PDF format at:

On a non-GAAP basis, the company's net income increased to $79.55 million, or $0.26 per diluted share, in Q3 FY14, from $63.40 million, or $0.21 per diluted share, in the same quarter last year. Analysts from Bloomberg had expected the company to report non-GAAP net income of $72.90 million, or $0.24 per diluted share, in Q3 FY14.

Lip-Bu Tan, President and CEO of Cadence Design, stated that the company continued to drive growth in Q3, with wins in core EDA and its expanding systems business. He further added that the company won significant new business in digital and signoff at the most advanced nodes, its Incisive® simulation business is at the highest level in years, and IP had a record quarter. Mr. Tan noted that the company continues to invest in innovation, and it announced two new products in Q3 FY14. Sign up and read the free analyst's notes on CDNS at:

Geoff Ribar, SVP and CFO of Cadence Design, affirmed that the company delivered strong Q3 results with revenue and other key operating metrics exceeding targets. He stated that consistent performance has enabled the company to issue $350 million in investment-grade bonds that will strengthen the company's capital structure and fund its continued investment in innovation.

In its guidance for Q4 FY14, the company expects total revenue in the range of $417 million to $427 million. Further, GAAP diluted EPS is estimated to be in the range of $0.16 to $0.18 and non-GAAP diluted EPS is expected to be in the range of $0.26 to $0.28. For FY14, the company projects total revenue to be in the range of $1.575 billion to $1.585 billion. Additionally, GAAP diluted EPS is expected to be in the range of $0.46 to $0.48 and non-GAAP diluted EPS is anticipated to be in the range of $0.92 to $0.94. Visit Investor-Edge and access the latest research on CDNS at:

Stock Performance 

On the following day of the earnings release, October 21, 2014, Cadence Design's stock ended the session at $16.59, down 0.18%. The stock witnessed mostly a positive momentum since then. On the last close, Monday, November 03, 2014, it finished at $18.17, 1.23% above its previous day's closing price, after vacillating between $17.89 and $18.34. A total of 3.51 million shares were traded, which was above its three months average volume of 3.12 million shares. Over the previous three trading sessions and last one month, the company's shares have advanced 3.89% and 4.73%, respectively. Also, the stock has gained 29.60% from the beginning of 2014. Shares in Cadence Design closed above their 50-day and 200-day moving averages of $17.31 and $16.27, respectively. Furthermore, the stock traded at a PE ratio of 33.38 and has a Relative Strength Index (RSI) of 64.88.

Sneak Peek to Corporate Insider Trading 

In the last one month Cadence Design has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on CDNS is available at:


At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.




1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at]

5. For any urgent concerns or inquiries, please contact us at compliance [at]

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] for consideration.


Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.


Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.


Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

1 | 2  Next Page »

Review Article Be the first to review this article
Featured Video
Currently No Featured Jobs
Upcoming Events
SRTC-2018 at The Leela Ambience Gurugram NEW DELHI India - Jul 25 - 26, 2018
MPSoC Forum 2018 at The Cliff Lodge 9320 South Cliff Lodge Drive Snowbird UT - Jul 29 - 3, 2018
CDNLive China 2018 at Kerry Hotel Pudong, Shanghai 1388 Hua Mu Road, Pudong Shanghai China - Aug 10, 2018
CDNLive Taiwan 2018 at Ambassador Hotel Hsinchu Taiwan - Aug 14, 2018

Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise