Cadence Beats Fiscal Q2 2018 Estimates, Raises EPS Guidance

Cadence (CDNS) reported its fiscal Q2 2018 financial results yesterday. Its non-GAAP EPS after adjustments rose 32.4% YoY (year-over-year) to $0.45, easily beating analysts’ estimate of $0.40 and representing its highest EPS in five quarters. The graph below shows Cadence’s EPS trends in the last five quarters, during which it has beaten analysts’ estimates, and its bottom line has grown at a compound annual rate of 7.3%.