Cadence's revenue and EPS surpassed estimates, but its year-...
Cadence's revenue and EPS surpassed estimates, but its year-end backlog didn't meet Wall Street's expectations. The company's stock fell 5.2% due to soft forecast for next quarter despite full-year 2024 guidance being in line with expectations.
Cadence (NASDAQ:CDNS) Reports Q4 In Line With Expectations But Stock Drops
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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