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cadence design systems earnings outlook and analyst ratings update

Cadence Design Systems, Inc. is projected to achieve earnings of $5.41 per share this fiscal year, with analysts giving it a "Moderate Buy" rating and a consensus price target of $326.92. Recent reports show mixed ratings from various firms, with target prices ranging from $295 to $365. The company reported a quarterly EPS of $1.49, missing estimates, and has a market cap of $66.67 billion. Insiders have sold over 108,000 shares recently, indicating a significant decrease in their ownership.
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