We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cadence Design Systems Inc. (CDNS - Free Report) offers products and tools that help customers to design electronic products.Cadence’s Q3 performance reflected strength across segments like digital & signoff solutions and functional verification suite. Cadence posted third-quarter 2021 non-GAAP earnings which topped the Zacks Consensus Estimate. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The company is also gaining from higher investments in emerging trends like Internet of Things (IoT) and autonomous vehicle sub-systems along with strength in the semiconductor end-market. We believe that increasing spending by enterprises on emerging categories like IoT and AR/VR presents significant growth opportunity for Cadence. Frequent product launches are expected to help the company sustain top-line growth. The company raised 2021 revenue guidance on strong performance in the third quarter. A strong cash balance can help the company pursue strategic acquisitions and other investments in growth initiatives.
Salesforce.com (CRM - Free Report) is the leading provider of on-demand Customer Relationship Management (CRM - Free Report) software. Salesforce was part of the vanguard of modern business software. The company’s various subscription-based offerings are now essential to thousands of customers in the digital-driven world. Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. Salesforce’s sustained focus on introducing more aligned products as per customer needs is driving its top-line. Investments in start-ups have always been one of the key growth strategies of Salesforce. Over the past few years, Salesforce has invested in several start-ups, be it through acquisitions or partnerships. Furthermore, the recent acquisition of Slack would position the company to be a leader in enterprise team collaboration solution space and better compete with Microsoft’s Teams product. Salesforce is a cash rich company with a strong balance sheet.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Top Stock Picks for Week of November 1, 2021
Cadence Design Systems Inc. (CDNS - Free Report) offers products and tools that help customers to design electronic products.Cadence’s Q3 performance reflected strength across segments like digital & signoff solutions and functional verification suite. Cadence posted third-quarter 2021 non-GAAP earnings which topped the Zacks Consensus Estimate. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The company is also gaining from higher investments in emerging trends like Internet of Things (IoT) and autonomous vehicle sub-systems along with strength in the semiconductor end-market. We believe that increasing spending by enterprises on emerging categories like IoT and AR/VR presents significant growth opportunity for Cadence. Frequent product launches are expected to help the company sustain top-line growth. The company raised 2021 revenue guidance on strong performance in the third quarter. A strong cash balance can help the company pursue strategic acquisitions and other investments in growth initiatives.
Salesforce.com (CRM - Free Report) is the leading provider of on-demand Customer Relationship Management (CRM - Free Report) software. Salesforce was part of the vanguard of modern business software. The company’s various subscription-based offerings are now essential to thousands of customers in the digital-driven world. Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. Salesforce’s sustained focus on introducing more aligned products as per customer needs is driving its top-line. Investments in start-ups have always been one of the key growth strategies of Salesforce. Over the past few years, Salesforce has invested in several start-ups, be it through acquisitions or partnerships. Furthermore, the recent acquisition of Slack would position the company to be a leader in enterprise team collaboration solution space and better compete with Microsoft’s Teams product. Salesforce is a cash rich company with a strong balance sheet.