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Cadence Design Systems Inc (CDNS.OQ)

CDNS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

SambaNova Systems Secures $56 Mln In Funding Led By Walden International & GV
Thursday, 15 Mar 2018 

March 15 (Reuters) - SambaNova Systems::SAMBANOVA SYSTEMS EMERGES FROM STEALTH AND SECURES $56 MILLION IN SERIES A FUNDING LED BY WALDEN INTERNATIONAL AND GV.SAMBANOVA SYSTEMS, A STARTUP DEVELOPING COMPUTING PLATFORMS, SAYS CEO OF CADENCE DESIGN SYSTEMS, LIP-BU TAN, WILL ASSUME CHAIRMAN ROLE FOR CO'S BOARD.  Full Article

Cadence to acquire Nusemi Inc
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Cadence Design Systems Inc :Cadence to expand high-speed communications IP portfolio with acquisition of Nusemi Inc.Cadence Design Systems Inc - ‍terms of transaction were not disclosed​.Cadence Design Systems Inc - ‍transaction is not expected to have a material impact on Cadence's fiscal 2017 operational results​.  Full Article

Cadence sees Q4 earnings of $0.26/shr to $0.28/shr
Friday, 27 Oct 2017 

Oct 26 (Reuters) - Cadence Design Systems Inc :Cadence reports third quarter 2017 financial results.Sees FY 2017 gaap earnings per share $1.04 to $1.06.Sees Q4 GAAP earnings per share $0.26 to $0.28.Q3 GAAP earnings per share $0.29.Sees Q4 2017 revenue $490 million to $500 million.Sees FY 2017 revenue $1.931 billion to $1.941 billion.Q3 revenue $485 million versus i/b/e/s view $481.2 million.Sees FY 2017 non-GAAP earnings per share $1.39 to $1.41.Q3 non-GAAP earnings per share $0.35.Q3 earnings per share view $0.34 -- Thomson Reuters I/B/E/S.  Full Article

Cadence appoints John Wall as next CFO
Thursday, 14 Sep 2017 

Sept 13 (Reuters) - Cadence Design Systems Inc :Cadence appoints John Wall as next Chief Financial Officer.Cadence Design Systems Inc - current Chief Financial Officer Geoff Ribar to remain with Cadence as senior advisor through March 2018​.  Full Article

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Tall chip tale? Huawei's backup plans leave experts unconvinced

SAN FRANCISCO/HONG KONG Chip experts are calling out Huawei for its claims that it could ensure a steady supply chain without U.S. help, saying the technology the Chinese telecoms network gear maker buys from American companies would be "hard to replace".