TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Cadence Design tops analysts’ estimates for earnings and revenue in Q4.

by souhaib
February 22, 2021
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Reddit
ADVERTISEMENT

Cadence Design tops analysts’ estimates for earnings and revenue in Q4.

Cadence Design Systems Inc. (NASDAQ: CDNS) published its earnings report for the fiscal fourth quarter on Monday that came in better than what analysts had anticipated.

You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Cadence Design Systems’ shares were reported close to 6% up in after-hours trading on Monday. The stock now has a per-share price of £100.63 versus after recovering from a low of £38.83 per share in March 2020.

Cadence Design’s Q4 financial results versus analysts’ estimates


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Cadence said that it earned 59.03 pence per share on an adjusted basis in the fourth quarter, compared to a lower 38.40 pence per share in the comparable quarter of last year. The U.S. firm valued its revenue in Q4 at £540.49 million versus the year-ago figure of £426.41 million.

In comparison, experts had forecast the company to report £520.57 million of sales in the recent quarter. Their estimate for adjusted per-share earnings stood at a lower 52.63 pence per share. In the prior quarter (Q3), Cadence reported £124.78 million of profit.

For the full financial year, Cadence reported £1.91 billion of revenue – an increase from £1.66 billion in 2019. The American multinational posted £420.30 million of recognised net income in 2020, that translates to £1.50 per share. In the previous fiscal year, its net income had come in at a much higher £703.34 million, or £2.51 per share.

Operating margin, as per the computational software company, stood at 24% in the fourth quarter as well as in 2020 as a whole. For the fiscal first quarter, Cadence forecasts its total revenue between £504.93 million to £519.15 million. It expects non-GAAP per-share net income (diluted) of up to 54.05 pence in Q1.

Tip: looking for an app to invest wisely? Trade safely by signing-up with our preferred choice,
eToro:

visit & create account

Senior vice president John Wall’s comments on Monday

Senior vice president, John Wall, commented on the financial report on Monday and said:

“Many unique factors contributed to Cadence’s solid 2020 results of 15% revenue growth, 25% non-GAAP operating margin, and over $640.05 million of operating cash flow. I am pleased that we can follow-up in 2020 with a strong outlook for 2021.”

In separate news from the United States, aeroplane manufacturer, Boeing recommended airlines suspend use of some 777s jetliners on Sunday.

Cadence performed largely upbeat in the stock market last year with an annual gain of a little under 100%. At the time of writing, the San Jose-based company has a market capitalisation of £26.41 billion and a price to earnings ratio of 34.58.



Source link

Share30Tweet19Share
Previous Post

No10 urged to pick up the pace of its Covid vaccine drive

Next Post

Report: The Israeli army demands the deportation of the Israeli woman who was returned from Syria

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

Report: The Israeli army demands the deportation of the Israeli woman who was returned from Syria

No Result
View All Result

Recent Posts

  • Kevin Durant is roasted by Shaquille O’Neal after questioning Lakers’ great’s basketball knowledge
  • Lali Esposito’s bag and its pleasant contents
  • South Dakota Senator Benched in ‘Suckling’ Information Scandal
  • Seeking at Least 7% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy
  • EMTs Responding to Tyre Nichols Fired, For each the Memphis Fire Section

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide