Cadence Q4 Earnings: A Miss Ahead? Buy or Sell Now?

Cadence Design Systems (NASDAQ: CDNS) Set to Report Q4 Earnings Tomorrow

Cadence Design Systems, a leading semiconductor design software provider, is set to report its earnings tomorrow afternoon. This comes after a weak quarter for the company, which saw underwhelming revenue guidance for the next quarter. However, analysts are expecting a turnaround this quarter, with revenue projected to grow by 17.9% year on year to $1.06 billion, in line with the company’s previous year-over-year increase. Adjusted earnings are expected to come in at $1.33 per share.