Cadence Design Systems Inc
CDNS: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|J$ | LOCK|Dt | LOCK|?@H@PZH |
Cadence Design Earnings: Positive Results Across the Board and China Contribution Back on Track
Cadence posted strong third-quarter results, with revenue up 10% year on year and non-GAAP operating margin coming in better than expected at 47.6%. China's revenue growth rate shot up to 53% year on year, and firmwide IP sales increased 10% over the previous year.
