Factors to Note Ahead of Cadence's (CDNS) Q1 Earnings Release

Cadence Design Systems (CDNS) is scheduled to release first-quarter 2024 results on Apr 22.For the first quarter, Cadence expects total revenues in the range of $990 million-$1.01 billion. The Zacks Consensus Estimate is currently pegged at $1.01 billion, suggesting a decline of 0.8$1.10-$1.14. The Zacks Consensus Estimate is pegged at$1.13, indicating a decline of 12.4% from the prior-year quarter’s reported figure.The ...