The updates on Cadence Design Systems reveal mixed developments. Certain insiders, including VP Paul Cunningham and Director Vincentelli Sangiovanni, have been selling shares. The stock has seen larger drops than the general market but also periods of outperformance. The company's Q1 and Q4 earnings topped estimates, despite weaker Q2 guidance leading to a stock drop. New verification IP offerings and a NPU enhancing Edge AI performance were unveiled. National Pension Service and others increased their holdings, and a collaboration was formed with TSMC. AI is expected to boost the firm's performance.
Cadence Design Systems CDNS News Analytics from Wed, 27 Dec 2023 08:00:00 GMT to Thu, 09 May 2024 05:07:50 GMT -
Rating 0
- Innovation 8
- Information 7
- Rumor -3
