Cadence Design Systems will report earnings after market close on Monday. Last quarter, the company beat revenue expectations by 1.8%, reaching $1.28 billion, a 20.2% increase year on year. Analysts expect revenue to grow 9.2% this quarter to $1.33 billion, with adjusted earnings at $1.79 per share. Analysts have maintained their estimates in the last 30 days. Cadence Design Systems has a history of beating revenue estimates. Peers like Adobe have also seen growth. Investors are holding steady ahead of earnings, with Cadence Design Systems stock price stable. Analysts have an average price target of $370.84 for the stock.

Read more at StockStory Media Group: Cadence Design Systems (CDNS) Reports Earnings Tomorrow: What To Expect