Cadence Design Systems Reported Q3 Beat, Raised Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/CDNS'>Cadence Design Systems, Inc. (NASDAQ:CDNS) </a>reported its Q3 results, with all metrics being above the Street expectations, and stronger-than-expected demand driving quarterly revenue outperformance. Following solid Q3 results, the company’s management raised its full 2021-year guidance, now anticipating revenue of $2.97 billion, which represents a 10.7% growth.</p>
<p>Analysts at Berenberg Bank raised their price target on the company’s shares to $180 from $170 on higher full 2021-year expectations. </p>

NASDAQ:CDNS