Cadence Design Systems Inc
CDNS: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|ty | LOCK|j$ | LOCK|Q&?M^tzz |
Cadence Earnings: Record Backlog and 19% Growth Outlook Signal All Is Well
Cadence Design Systems' second-quarter revenue grew 24% year over year to $1.58 billion, while non-GAAP operating margin expanded to 45.5%. Results were generally ahead of expectations, and management increased its full-year guidance.
