Cadence Forecasts Soft Revenues
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•Technology
Technology
Chip design software maker Cadence forecasts annual profit below estimate, shares down
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82% Informative
Shares of the San Jose , California -based company fell 5% in extended trading.
Cadence Design Systems makes software for designing everything from chips to jet engines.
Analysts at Berenberg have said demand and customer budgets for Cadence 's system design and analysis products would be muted throughout 2025 .
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