Cadence Design Systems  (CDNS - Get Report) is expected to report earnings of 49 cents a share on sales of $569.3 million after the market closes Apr. 22, based on a FactSet survey of 8 analysts.

In the same period a year ago, the company posted earnings of 40 cents a share on sales of $517.3 million.

The stock has risen 21.5% since the company last reported earnings on Feb. 19. The current quarter EPS estimates are in line with company guidance offered in February.

Quarterly estimates have risen less than 1 cent a share in the past month.

Cadence Design Systems is currently trading at a price-to-forward-earnings ratio of 30.4 based on the 12-month estimates of 9 analysts surveyed by FactSet.

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