$CDNS (Cadence Design Systems Inc.)

$CDNS {{ '2016-03-14T15:37:30+0000' | timeago}} • Announcement

Electronics company $CDNS said its DDR4 and LPDDR4 IP products for TSMC's 16nm FinFET Plus (16FF ) process have completed TSMC9000 Silicon Assessment. The Cadence Denali DDR controller IP, and both the Denali DDR4 and LPDDR4 PHY IP, have demonstrated operating speeds of up to 3200 Mbps, and each are in production with several customers.

$CDNS {{ '2017-06-28T21:09:58+0000' | timeago}} • Announcement

$CDNS announced the election of Maggie Wilderotter, the former Executive Chairman and CEO of Frontier Communications Corporation, to its board of directors, effective July 1, 2017.

$CDNS {{ '2017-04-24T21:10:32+0000' | timeago}} • Announcement

$CDNS expects its 2Q17 total revenue to be about $470-480MM and GAAP net income per diluted share to be about $0.20-0.22.  Non-GAAP net income per diluted share is expected to be about $0.31-0.33 during 2Q17.

$CDNS {{ '2017-04-24T21:09:36+0000' | timeago}} • Announcement

For FY17, $CDNS expects total revenue to be in the range of $1.900-1.950Bil. The company anticipates GAAP net income per share to be about $0.930-1.03 and non-GAAP net income per diluted share is expected to be about $1.32-1.42.

$CDNS {{ '2017-04-24T21:09:07+0000' | timeago}} • Announcement

Integrated circuits manufacturer $CDNS reported higher 1Q17 earnings results, helped by higher revenues. Net income rose to $68MM, or $0.25 per share, compared to $51MM, or $0.17 per share during 1Q16. Revenue rose 6% YoY to $477MM from $448MM during 1Q16. Excluding items, $CDNS earned $0.32 per share during the quarter.

$CDNS {{ '2016-10-24T22:37:54+0000' | timeago}} • Webcast

$CDNS said the company had good growth in its hardware business in FY16. As a result of this, the company's DSO will go up and also the long term receivables would go up as $CDNS sells and leases more hardware.

$CDNS {{ '2016-10-24T22:27:30+0000' | timeago}} • Webcast

$CDNS stated that IP is an important business to the company and there is good growth opportunity because of the outsourcing trends. The company also stated that $CDNS is in a good position currently to meet the customer requirements and expects its IP business to grow going forward.

$CDNS {{ '2016-10-24T22:14:32+0000' | timeago}} • Webcast

$CDNS said the semiconductor and systems business are growing at levels that are not materially very different. The company added that about 40% of the company's business is in systems.

$CDNS {{ '2016-10-24T21:57:08+0000' | timeago}} • Webcast

$CDNS narrowed its outlook for FY16 on bookings, revenue and EPS. The company expects bookings in the range of $2.03-2.07Bil, equating to 8% growth at the mid-point. The company also stated that operating cash flow for FY16 is expected to be in the range of $380-420MM.

$CDNS {{ '2016-10-24T21:48:44+0000' | timeago}} • Webcast

In 3Q16, $CDNS completed the review of its IP business strategy and significantly increased the focus on standardized off-the-shelf IP. The company added that it expects its IP business to return to moderate sequential growth for 4Q16.

$CDNS {{ '2016-10-24T20:28:06+0000' | timeago}} • Announcement

For 2017, $CDNS expects total revenue in the range of $1.810-1.820Bil. On a GAAP basis, diluted EPS is expected in the range of $0.74-0.76 and non-GAAP diluted EPS is expected to be in the range of $1.19-1.21.

$CDNS {{ '2016-10-24T20:26:02+0000' | timeago}} • Announcement

For 4Q16, $CDNS expects total revenue to be in the range of $463-473MM, GAAP diluted EPS is expected in the range of $0.18-0.20, while non-GAAP diluted EPS is expected to be in the range of $0.32-0.34.

$CDNS {{ '2016-10-24T20:23:08+0000' | timeago}} • Announcement

Integrated circuits manufacturer $CDNS posted lower 3Q16 results, hurt by higher cost and expenses. $CDNS said net income fell 16.63% to $64.71MM, or $0.23 per share from $77.62MM, or $0.25 per share a year ago. Revenue for the quarter rose 2.87% to $446.22MM. Excluding items, $CDNS earned $0.30 per share.

$CDNS {{ '2016-07-25T22:13:44+0000' | timeago}} • Webcast

Tom Diffely from DA Davidson asks about the driver of roughly 30% increase in G&A in 2Q16. $CDNS said it's largely the timing of the shutdown; last year it was in second quarter, this year it's in third quarter.

$CDNS {{ '2016-07-25T22:10:25+0000' | timeago}} • Webcast

Sterling Auty of JPMorgan asks about the hardware emulation guidance. $CDNS said the timing is about the timing of customer demand. Hardware will decline from 2Q16 to 3Q16. And importantly, the company is retaining the FY16 guidance.

$CDNS {{ '2016-07-25T21:58:20+0000' | timeago}} • Webcast

Monika Garg from Pacific Crest Securities asks about why 1H16 is lower than 1H15 on the IP side. $CDNS said the company has a new leader and he is reviewing the company's business. $CDNS strongly believe that the IP strategy is the right one, but is important to find a way to sustainable and driving efficiency.

$CDNS {{ '2016-07-25T21:50:20+0000' | timeago}} • Webcast

Rich Valera from Needham & Company asks about the semiconductor consolidation seen so far. $CDNS said the whole semiconductor consolidation will happen and continue. But $CDNS believes the consolidating company would be stronger and also drive more efficiency and pay more attention to productivity.

$CDNS {{ '2016-07-25T21:44:50+0000' | timeago}} • Webcast

Gary Mobley of Benchmark asks about the extension in the expected contract life, which is now at up to 2.6 years, if one large contract is driving that up. $CDNS said the company is generally focused on deal quality and maximizing deal quality. The company said it will vary and will continue to vary quarter to quarter.

$CDNS {{ '2016-07-25T21:36:14+0000' | timeago}} • Webcast

$CDNS said the company expects bookings in the range of $2.02-2.8Bil, equating to 8% growth at the mid-point. The company also said that it expects revenue to decline from 2Q16 to 3Q16, due to timing of certain hardware transactions.

$CDNS {{ '2016-07-25T21:30:57+0000' | timeago}} • Webcast

$CDNS said that revenue for its integrity analysis tools grew 11% YoverY and in digital & signoff flow the company continued to gain momentum with market shaping customers. $CDNS said business was strong with system companies across vertical segments. Strong broad based demand for the new Palladium Z1 contributed to its best hardware revenue ever.

$CDNS {{ '2016-07-25T21:19:52+0000' | timeago}} • Webcast

Integrated circuits manufacturer $CDNS said 2Q16 was a strong quarter for the company from digital implementation to PCB and across new verticals including automotive, aero and medical. $CDNS added that the business was also good with its semiconductor customer base.

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