Investing.com – Cadence Design (NASDAQ: CDNS) reported fourth quarter EPS of $1.38, $0.04 better than the analyst estimate of $1.34. Revenue for the quarter came in at $1.07B versus the consensus estimate of $1.06B.

Guidance

Cadence Design sees Q1 2024 EPS of $5.87-$5.97 versus the analyst consensus of $5.89.

Cadence Design sees Q1 2024 revenue of $4.55B-$4.61B versus the analyst consensus of $4.58B.

Cadence Design’s stock price closed at $306.58. It is up 14.83% in the last 3 months and up 65.09% in the last 12 months.

Cadence Design saw 9 positive EPS revisions and 0 negative EPS revisions in the last 90 days. See Cadence Design’s stock price’s past reactions to earnings here.

Read More: Cadence Design earnings beat by $0.04, revenue topped estimates By Investing.com