Category: CDNS – Cadence Design Systems, Inc. Common Stock
Cadence Named One of the 2021 100 Best Companies to Work For® by Fortune and Great Place to Work®
Cadence announced that Fortune and Great Place to Work have honored the company as one of the 2021 100 Best Companies to Work For.
Cadence Design Systems (CDNS) to Report Q1 Results: Wall Street Expects Earnings Growth
Cadence (CDNS) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cadence, BancorpSouth to merge in a deal valuing Cadence at more than $2.8 billion
Shares of Cadence Bancorp rose 2.4% in premarket trading Monday after the Texas-based regional bank announced a deal to merge with Mississippi-based BancorpSouth Bank in a deal that values the combined company at more than $6 billion. BancorpSouth shares were still inactive ahead of the open. Under terms of the deal, Cadence shareholders will receive 0.70 BancorpSouth shares for each Cadence share they own. Based on Friday’s stock closing prices, that values Cadence shares at $22.58 each, a 5.1% premium, and implies a market capitalization for Cadence of $2.81 billion. Cadence shareholders will also receive a one-time special dividend of $1.25 a share. After the deal’s closing, which is expected to occur in the fourth quarter of 2021, BancorpSouth shareholders will own 55% of the combined bank and Cadence shareholders will own 45%. The deal is expected to to provide 17% accretion to both BancorpSouth’s and Cadence’s 2022 earnings. Cadence’s stock has climbed 30.8% year to date through Friday and BancorpSouth’s stock has rallied 17.6%, while the S&P 500 has tacked on 9.9%.
Company Close Updates: Synopsys Inc. stock outperforms competitors despite losses on the day
Mettler Toledo Makes It 5 Up Weeks In A Row
MCO may require a lot more time before it gets its mojo back and delivers a triple-A-rating breakout.
Cadence Delivers Automotive Reference Flow for Samsung Foundry 14LPU Process Technology
Cadence announced the availability of an automotive-optimized Cadence digital full flow for Samsung Foundry’s 14LPU process technology.
Cadence (CDNS) Down 3.3% Since Last Earnings Report: Can It Rebound?
Cadence (CDNS) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.
5 Beaten-Down Stocks of Nasdaq ETF With Upside Potential
We highlighted five stocks from the ETF that were hit badly in the tech rout but might reverse the trend, given their solid Zacks Rank #1 (Strong Buy) or 2 (Buy) and positive earnings estimate revisions in a month.
Cadence Successfully Tapes Out Tensilica SoC on GLOBALFOUNDRIES 22FDX Platform Using Adaptive Body Bias Feature
Cadence announced that it has collaborated with GLOBALFOUNDRIES (GF) to successfully tape out a Cadence Tensilica test chip on GF’s 22FDX platform.