Cadence Design Systems (NASDAQ:CDNS) is set to report earnings this Monday. Last quarter, the company met revenue expectations with $1.24 billion, a 23.1% increase year on year. Analysts are now expecting revenue to reach $1.25 billion, a growth of 18%. Adjusted earnings are forecasted at $1.56 per share. Cadence’s peers in the software segment have already reported results, with Adobe showing a 10.6% revenue increase and Agilysys up by 20.7%. Positive sentiment in the software sector has seen Cadence’s stock rise 9.2% in the last month, with an average analyst price target of $331.01.

Read more at StockStory: Cadence (CDNS) Reports Earnings Tomorrow: What To Expect