FMP
Apr 23, 2024 3:18 PM - Davit Kirakosyan
Cadence Design Systems (NASDAQ:CDNS) reported fiscal Q1 earnings that surpassed expectations but provided full-year guidance in line with analyst projections. The company, specializing in computational software, announced earnings per share (EPS) of $1.17, exceeding the consensus of $1.13. Revenue for the quarter was also higher than anticipated, at $1.01 billion compared to the expected $1 billion.
However, the adjusted operating margin decreased to 38% from 42% the previous year, though it was still above the anticipated 37.1%.
For the full 2024 year, Cadence expects an EPS range of $5.88 to $5.98, aligning closely with the consensus estimate of $5.94. Projected revenues are set to be between $4.56 billion and $4.62 billion, compared to the consensus estimate of $4.591 billion.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...