Sentiment: Unknown
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Cadence Design (CDNS) Stock Drops 10% As Benchmark Upgrades to Strong Buy
By Trader Edge at 2026-07-17 14:42
Sentiment: Unknown
TLDR CDNS dropped ~10.1% on Friday, opening at $334.56 after closing at $364.65, last trading around $327.25 Benchmark upgraded the stock to “Strong Buy” with a $450 price target on Wednesday Q1 EPS came in at $1.96, beating the $1.91 consensus; revenue of $1.47B was up 18.6% year-over-year FY2026 EPS guidance set at $7.85–$7.95; Q2 [...] The post Cadence Design (CDNS) Stock Drops 10% As Benchmark Upgrades to Strong Buy appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central