What to Expect Ahead of Cadence's (CDNS) Q4 Earnings Release?

Cadence Design Systems (CDNS) is scheduled to release fourth-quarter 2023 results on Feb 12.For the fourth quarter, Cadence expects total revenues in the range of $1.039-$1.079 billion. The Zacks Consensus Estimate is currently pegged at $1.07 billion, suggesting an increase of 18.7$1.30-$1.36. The Zacks Consensus Estimate is pegged at$1.34, indicating an increase of 40% from the prior-year quarter’s reported figure.The ...