Thu, Nov. 19, 5:41 PM
- In addition to missing FQ3 estimates, Mentor Graphics (NASDAQ:MENT) has guided for FQ4 revenue of $336M and EPS of $0.47, well below a consensus of $439.3M and $0.97.
- Notably, the EDA hardware/software vendor states the chip industry's massive M&A wave is "having an adverse impact on our ability to close business," as are delays in buying decisions for Mentor's Veloce emulation systems.
- System/software revenue fell 5% Y/Y in FQ3 to $168.7M, while service/support revenue (more stable) rose 6% to $121.8M. Non-GAAP operating expenses rose 3% Y/Y to $201.4M.
- Mentor has plunged to $21.49 after hours. EDA peers are also lower: Cadence (NASDAQ:CDNS) is down 7.7% to $21.35, and Synopsys (NASDAQ:SNPS) is down 2.6% to $51.17.
- Mentor's FQ3 miss, PR
Mon, Oct. 26, 4:07 PM
Sun, Oct. 25, 5:35 PM
Mon, Jul. 27, 4:30 PM
- Cadence (NASDAQ:CDNS) has used its Q2 report to announce a $1.2B buyback program that replaces an existing $450M program. The EDA software vendor expects to use up its new program within 6 quarters.
- The $1.2B buyback is good for repurchasing over 1/5 of shares at current levels. Cadence plans to use a mixture of existing cash, future cash flows, and debt to pay for it. The company had $744M in cash/short-term investments as of July 4, and $349M in debt. $93.1M was spent on buybacks in 1H15.
- Q3 guidance is for revenue of $423M-$433M and EPS of $0.25-$0.27, in-line with a consensus of $429.8M and $0.26. 2015 guidance is for revenue of $1.685B-$1.715B and EPS of $1.00-$1.06, in-line with a consensus of $1.7B and $1.02.
- CDNS +0.9% AH to $19.16.
- Q2 results, PR
Mon, Jul. 27, 4:07 PM
Sun, Jul. 26, 5:35 PM
Mon, Apr. 27, 4:07 PM
Sun, Apr. 26, 5:35 PM
Thu, Feb. 5, 3:01 PM
- Though Cadence's (NASDAQ:CDNS) Q4 results were in-line, the EDA software giant is guiding for Q1 EPS of $0.20-$0.22 and 2015 EPS of $0.94-$1.06, below consensus estimates of $0.23 and $1.07. Revenue guidance is healthier: Q1 revenue of $405M-$415M and 2015 revenue of $1.68B-$1.72B vs. consensus estimates of $407.9M and $1.7B.
- On its CC (transcript), Cadence guided for 2015 bookings to rise 5%-9% to $1.87B-$1.93B (spells a positive book-to-bill). It suggested investments in R&D and customer support needed to win/maintain new deals with major customers was partly responsible for the light profit outlook. The guidance comes even though Cadence's tax rate is expected to fall 3% in 2015 to 23%.
- Q4 results, PR
Wed, Feb. 4, 4:08 PM
Tue, Feb. 3, 5:35 PM
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Oct. 20, 2014, 5:34 PM
- Cadence (NASDAQ:CDNS) expects Q4 revenue of $417M-$427M and EPS of $0.26-$0.28, below a consensus of $427.4M and $0.29.
- Q3 product/maintenance revenue +10% Y/Y to $374.1M; services revenue +9% to $400.5M.
- Excluding restructuring charges, opex rose 5% Y/Y to $346.4M. R&D spend +8% to $148.7M, and equal to 37% of revenue.
- Q3 results, PR
Oct. 20, 2014, 4:07 PM
Oct. 19, 2014, 5:35 PM
Jul. 21, 2014, 5:57 PM
- Cadence (NASDAQ:CDNS) expects FQ3 revenue of $390M-$400M and EPS of $0.23-$0.25 vs. a consensus of $394.7M and $0.26.
- A new $300M buyback program has been launched. The program is good for repurchasing 6% of shares at current levels, and replaces a program that authorized $100M worth of buybacks between FY14 and FY15. Cadence expects to spend $37.5M per quarter via its new plan.
- Product/maintenance revenue +5% Y/Y to $354.5M. Services revenue -1% to $24.3M. GAAP costs/expenses +8% to $343.3M.
- FQ3 results, PR
Jul. 21, 2014, 4:11 PM
Cadence Design Systems Inc develops system design enablement solutions. The Company's solution is uses to design whole electronics systems and increasingly small and complex integrated circuits, or ICs, and electronic devices.
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