Cadence Design Systems Analysts Raise Their Forecasts After Q4 Results
Cadence Design Systems Analysts Raise Their Forecasts After Q4 Results
Cadence Design Systems, Inc. (NASDAQ:CDNS) reported better-than-expected fourth-quarter financial results on Monday.
Cadence Design Systems, Inc.（纳斯达克股票代码：CDNS）周一公布的第四季度财务业绩好于预期。
Cadence Design posted adjusted earnings of $1.38 per share, beating market estimates of $1.33 per share. The company's quarterly sales came in at $1.07 billion versus expectations of $1.06 billion, according to data from Benzinga Pro.
Cadence Design公布的调整后每股收益为1.38美元，超过了市场预期的每股1.33美元。根据Benzinga Pro的数据，该公司的季度销售额为10.7亿美元，而预期为10.6亿美元。
"Cadence delivered exceptional results for 2023, propelled by our innovative solutions and the successful execution of our Intelligent System Design strategy," said Anirudh Devgan, president and chief executive officer. "I'm thrilled about the opportunities ahead of us, particularly in AI and 3D-IC. And I look forward to continuing to drive our broad-based business momentum through our technology leadership."
总裁兼首席执行官Anirudh Devgan表示：“在我们的创新解决方案和智能系统设计战略的成功执行的推动下，Cadence在2023年取得了非凡的业绩。”“我对我们面前的机会感到非常兴奋，尤其是在人工智能和3D-IC领域。我期待通过我们的技术领先地位继续推动我们广泛的业务势头。”
For fiscal year 2024, the company said it sees revenue in the range of $4.55 billion to $4.61 billion and non-GAAP diluted net income in the range of $5.87 to $5.97 per share.
该公司表示，预计2024财年的收入在45.5亿美元至46.1亿美元之间，非公认会计准则摊薄后的每股净收益在5.87美元至5.97美元之间。
Cadence Design Systems shares fell 1.7% to close at $306.58 on Monday.
周一，Cadence Design Systems股价下跌1.7％，收于306.58美元。
These analysts made changes to their price targets on Cadence Design Systems after the company reported quarterly results.
在Cadence Design Systems公布季度业绩后，这些分析师更改了公司的目标股价。
- Keybanc increased the price target on Cadence Design Systems from $325 to $335. Keybanc analyst Jason Celino maintained an Overweight rating.
- Needham boosted the price target on Cadence Design Systems from $315 to $320. Needham analyst Charles Shi maintained a Buy rating.
- Rosenblatt raised the price target on Cadence Design Systems from $265 to $280. Rosenblatt analyst Blair Abernethy downgraded the stock from Buy to Neutral.
- Keybanc将Cadence Design Systems的目标股价从325美元上调至335美元。Keybanc分析师杰森·塞利诺维持增持评级。
- 尼德姆将Cadence Design Systems的目标股价从315美元上调至320美元。尼德姆分析师查尔斯·施维持买入评级。
- 罗森布拉特将Cadence Design Systems的目标股价从265美元上调至280美元。罗森布拉特分析师布莱尔·阿伯内西将该股的评级从买入下调至中性。
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