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Cadence Design Systems, Inc. (CDNS), headquartered in San Jose, California, is a premier technology company specializing in electronic design automation (EDA) and semiconductor intellectual property. With a market cap of $85.94 billion, CDNS provides cutting-edge solutions that enable the design and development of innovative electronics and integrated circuits. The company's comprehensive suite of products and services supports customers across various industries, including consumer electronics, automotive, and aerospace. CDNS is set to report its fiscal second-quarter earnings for 2024 on Monday, Jul. 22.
Ahead of the event, analysts expect CDNS to report a profit of $0.95 per share, up 1.1% from $0.94 per share in the year-ago quarter. In the last four quarters, the company has missed Wall Street’s bottom-line estimates in two and surpassed them on two other occasions.
