$CDNS (Cadence Design Systems Inc.)

$CDNS {{ '2016-07-25T20:31:15+0000' | timeago}} • Announcement

$CDNS said that for 3Q16, the company expects total revenue in the range of $440-450MM; GAAP net income per diluted share in the range of $0.17-0.19; and non-GAAP net income per diluted share is expected to be in the range of $0.27-0.29.

$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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