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.

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