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Cadence Design Systems (CDNS) Soars 5.77% on Strong Q1 Earnings

Mover TrackerTuesday, Apr 29, 2025 6:44 pm ET

1min read

Cadence Design Systems (CDNS) shares surged 5.77% today, reaching their highest level since February 2025, with an intraday gain of 6.25%.

Cadence Design Systems' stock has seen a significant increase due to several key reasons. The company's stock price is jumping following its strong first-quarter 2025 financial results, which exceeded guidance for all key metrics. cadence reported a 23% year-over-year increase in revenue and a 34% rise in non-GAAP EPS. Additionally, the company has raised its annual revenue and profit forecasts, driven by resilient demand for its chip design software from the semiconductor industry. The positive earnings report and enhanced outlook have contributed to the stock's upward movement.

Ask Aime: Cadence Design Systems (CDNS) stock surges 6.25% on strong Q1 2025 financial results and raised forecasts.

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neurologique

04/29

$CDNS smashing analyst expectations like it's nothing. This isn't just a blip—semis are in for a long-term boom. 🚀

SoooBueno

04/30

@neurologique What’s your take on other semi stocks?

coinfanking

04/29

Holding $CDNS long-term. Strong fundamentals, resilient demand. My strategy: let the tech giants do the heavy lifting while I reap the rewards.

LackToesToddlerAnts

04/29

CADEnce riding high on software demand. Those 3D ICs aren't just a trend; they're the future. Who's banking on $CDNS to keep climbing?

Ok-Afternoon-2113

04/29

5.77% pop for $CDNS—bullish vibes! CADEnce nailed Q1, and those EPS gains are 🔥. Semis aren't slowing down anytime soon.

Diputsur_o0o

04/30

@Ok-Afternoon-2113 Think CDNS can keep climbing?

RhinoInsight

04/29

OMG!I successfully capitalized on the CDNS stock's bearish movement with Premium tools, generating $114!

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