Cadence Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earni

Cadence Design Systems, Inc. (NASDAQ:CDNS) will release its second quarter earnings report after the closing bell on Monday, July 27.

Analysts expect the San Jose, California-based company to report quarterly earnings of $2.06 per share, up from $1.65 per share in the year-ago period. The consensus estimate for Cadence Design’s quarterly revenue is $1.58 billion. It reported $1.28 billion last year, according to Benzinga Pro.

On April 27, Cadence posted better-than-expected first-quarter earnings.

Cadence Design shares fell 1.3% to close at $326.24 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Considering buying CDNS stock? Here’s what analysts think:

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