Cadence Design Systems, Inc. (CDNS - Get Report) is expected to report net income of $143 million, or 51 cents a share, on sales of $576.1 million after the market closes on Monday, based on a FactSet survey of 10 analysts.
In the same period a year ago, the company posted earnings of 49 cents a share on sales of $532.5 million. It reported net income of $75.1 million.
The company offered guidance of $0.50 - 0.52 a share on July 23. Shares have fallen 11.1% since then.
Quarterly estimates have risen less than 1 cent a share in the past month.
In the upcoming quarter, analysts are forecasting net income of $144.5 million, or 52 cents a share, on sales of $591.9 million.
Cadence Design Systems is currently trading at a price-to-forward-earnings ratio of 28.9 based on the 12-month estimates of 10 analysts surveyed by FactSet.
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