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Net sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last year Market share gains across all brands in the quarter Raises outlook for fiscal 2024 net sales, gross margin and operating income growth SAN FRANCISCO , Nov. 21, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its third quarter ended November 2, 2024. "I'm proud that Gap Inc. delivered another successful quarter, growing net sales for the 4 th consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin," said President and Chief Executive Officer, Richard Dickson . "Consistent execution of our strategic priorities, including the rigor and repetition we're applying to our brand reinvigoration playbook, is making us a stronger company and demonstrates our continued progress in unlocking Gap Inc.'s full potential." Dickson continued: "Holiday is off to a strong start and we remain focused on executing with excellence in the fourth quarter. Our performance year-to-date gives us the confidence to raise our full year outlook for sales, gross margin and operating income growth." Third Quarter Fiscal 2024 – Financial Results Balance Sheet and Cash Flow Highlights Additional information regarding free cash flow, which is a non-GAAP financial measure, is provided at the end of this press release along with a reconciliation of this measure from the most directly comparable GAAP financial measure for the applicable period. Third Quarter Fiscal 2024 – Global Brand Results Comparable Sales Third Quarter 2024 2023 Old Navy — % 1 % Gap 3 % (1) % Banana Republic (1) % (8) % Athleta 5 % (19) % Gap Inc. 1 % (2) % Old Navy: Gap: Banana Republic: Athleta: Fiscal 2024 Outlook As a result of its strong third quarter results, the company is raising its full year outlook for net sales, gross margin and operating income growth compared to prior expectations. Please note that the company's projected full year fiscal 2024 operating income growth below is provided in comparison to its full year fiscal 2023 adjusted operating income, which excludes $93 million in restructuring costs and a $47 million gain on sale of a building. Full Year Fiscal 2024 Current FY24 Outlook Prior FY24 Outlook FY23 Results Net sales Up 1.5% to 2.0% on a 52-week basis Up slightly on a 52-week basis $14.9 billion 1 Gross margin Approximately 220 bps expansion Approximately 200 bps expansion 38.8 % Operating expense Approximately $5.1 billion Approximately $5.1 billion $5.17 billion (adjusted) 2 Operating income Mid to High 60% growth range Mid to High 50% growth range $606 million (adjusted) 3 Effective tax rate Approximately 26.5% Approximately 28% 9.7 % Capital expenditures Approximately $500 million Approximately $500 million $420 million 1 Fiscal year 2023 consisted of 53 weeks and the extra week drove approximately $160 million of incremental sales. 2 Fiscal year 2023 adjusted operating expense of $5.17 billion excludes $89 million in restructuring costs and a $47 million gain on sale. 3 Fiscal year 2023 adjusted operating income of $606 million excludes $93 million in restructuring costs and a $47 million gain on sale. Webcast and Conference Call Information Whitney Notaro , Head of Investor Relations at Gap Inc., will host a conference call to review the company's third quarter fiscal 2024 results beginning at approximately 2:00 p.m. Pacific Time today. Ms. Notaro will be joined by President and Chief Executive Officer, Richard Dickson and Chief Financial Officer, Katrina O'Connell . A live webcast of the conference call and accompanying materials will be available online at investors.gapinc.com . A replay of the webcast will be available at the same location. Non-GAAP Disclosure This press release and related conference call include financial measures that have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are therefore referred to as non-GAAP financial measures. The non-GAAP measures described below are intended to provide investors with additional useful information about the company's financial performance, to enhance the overall understanding of its past performance and future prospects, and to allow for greater transparency with respect to important metrics used by management for financial and operating decision-making. The company presents these non-GAAP financial measures to assist investors in seeing its financial performance from management's view and because it believes they provide an additional tool for investors to use in computing the company's core financial performance over multiple periods with other companies in its industry. Additional information regarding the intended use of non-GAAP measures included in this press release and related conference call is provided in the tables to this press release. The non-GAAP measures included in this press release and related conference call are adjusted operating expense/adjusted SG&A, adjusted operating income, adjusted operating margin, adjusted diluted earnings per share, and free cash flow. These non-GAAP measures exclude the impact of certain items that are set forth in the tables to this press release. In addition, the company's outlook includes projected full year fiscal 2024 operating income growth compared to its full year fiscal 2023 adjusted operating income. The non-GAAP measures used by the company should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP and may not be the same as similarly titled measures used by other companies due to possible differences in method and in items or events being adjusted. The company urges investors to review the reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures included in the tables to this press release below, and not to rely on any single financial measure to evaluate its business. The non-GAAP financial measures used by the company have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. Forward-Looking Statements This press release and related conference call and accompanying materials contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "project," and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding the following: becoming a high performing company; unlocking Gap Inc.'s potential; our four strategic priorities, including maintaining and delivering financial and operational rigor, the reinvigoration of our brands, strengthening our operating platform, and energizing our culture; driving relevance and revenue by executing on our brand reinvigoration playbook; expectations for Old Navy for the holiday season; accelerating Old Navy's presence in the Active category; Old Navy's holiday activations and product; reigniting Gap brand's leadership in trend-right products and creative expression through big ideas and culturally relevant messaging; reestablishing Banana Republic to thrive in the premium lifestyle space; evolving Banana Republic's assortment and fit; continuing to fix the fundamentals at Banana Republic; Banana Republic's holiday product; Athleta's trajectory; Athleta's holiday product; enhancing Athleta's in-store and online experiences; driving high-performance across our teams; executing with excellence; Gap Inc.'s positioning going into the holiday season; expectations for our full year performance; expected year-end inventory levels; expected full year fiscal 2024 net sales; the expected impact of the loss of the 53rd week on full year fiscal 2024 net sales; expected fourth quarter fiscal 2024 net sales; the expected impacts of the loss of the 53rd week and the weekly calendar shift on fourth quarter fiscal 2024 net sales; expected full year fiscal 2024 gross margin; the expected impacts of commodity costs and better inventory management on full year fiscal 2024 gross margin; expected full year fiscal 2024 ROD; expected fourth quarter fiscal 2024 gross margin; the expected impact of the loss of the 53rd week on fourth quarter fiscal 2024 gross margin; expected full year fiscal 2024 SG&A/operating expense; continuing cost discipline and unlocking more efficiencies in the business; expected full year fiscal 2024 operating income; expected full year fiscal 2024 effective tax rate; expected full year fiscal 2024 capital expenditures; generating sustainable, profitable growth and delivering long-term shareholder value; and our dividend policy. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following risks, any of which could have an adverse effect on our business, financial condition, results of operations, or reputation: the overall global economic and geopolitical environment, including the ongoing Russia - Ukraine and Israel-Hamas conflicts and recent elections in the United States , and impacts on consumer spending patterns; social and political unrest in our sourcing countries, including Bangladesh , and disruptions to global trade and shipping capacity, including in the Red Sea; the risk that we or our franchisees may be unsuccessful in gauging apparel trends and changing consumer preferences or responding with sufficient lead time; the highly competitive nature of our business in the United States and internationally; the risk that we may be unable to manage our inventory effectively and the resulting impact on our gross margins and sales; the risk that our investments in customer, digital, and omni-channel shopping initiatives may not deliver the results we anticipate; the risk that we fail to maintain, enhance, and protect our brand image and reputation; the risk of loss or theft of assets, including inventory shortage; the risk that we fail to manage key executive succession and retention or continue to attract qualified personnel; reductions in income and cash flow from our credit card arrangement related to our private label and co-branded credit cards; the risk that changes in our business strategy or restructuring our operations may not generate the intended benefits or projected cost savings; the risk that trade matters could increase the cost or reduce the supply of apparel available to us; the risks to our business, including our costs and global supply chain, associated with global sourcing and manufacturing; the risks to our reputation or operations associated with importing merchandise from foreign countries, including failure of our vendors to adhere to our Code of Vendor Conduct; the risk that we or our franchisees may be unsuccessful in identifying, negotiating, and securing new store locations and renewing, modifying, or terminating leases for existing store locations effectively; engaging in or seeking to engage in strategic transactions that are subject to various risks and uncertainties; the risk that our efforts to expand internationally may not be successful; the risk that our franchisees and licensees could impair the value of our brands; the risk of data or other security breaches or vulnerabilities that may result in increased costs, violations of law, significant legal and financial exposure, and a loss of confidence in our security measures; the risk that failures of, or updates or changes to, our IT systems may disrupt our operations; the risk that our comparable sales and margins may experience fluctuations, that we may fail to meet financial market expectations, or that the seasonality of our business may experience fluctuations; the risk of foreign currency exchange rate fluctuations; the risk that our level of indebtedness may impact our ability to operate and expand our business; the risk that we and our subsidiaries may be unable to meet our obligations under our indebtedness agreements; the risk that changes in our credit profile or deterioration in market conditions may limit our access to the capital markets; natural disasters, public health crises (such as pandemics and epidemics), political crises (such as the ongoing Russia - Ukraine and Israel-Hamas conflicts), negative global climate patterns, or other catastrophic events; evolving regulations and expectations with respect to ESG matters, including climate reporting; the adverse effects of climate change on our operations and those of our franchisees, vendors, and other business partners; our failure to comply with applicable laws and regulations and changes in the regulatory or administrative landscape; the risk that we will not be successful in defending various proceedings, lawsuits, disputes, and claims; the risk that our estimates and assumptions used when preparing our financial information are inaccurate or may change; the risk that changes in the geographic mix and level of income or losses, the expected or actual outcome of audits, changes in deferred tax valuation allowances, and new legislation could impact our effective tax rate, or that we may be required to pay amounts in excess of established tax liabilities; the risk that changes in our business structure, our performance or our industry could result in reductions in our pre-tax income or utilization of existing tax carryforwards in future periods, and require additional deferred tax valuation allowances; the risk that the adoption of new accounting pronouncements will impact future results; and the risk that additional information may arise during our close process or as a result of subsequent events that would require us to make adjustments to our financial information. Additional information regarding factors that could cause results to differ can be found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 19, 2024 , as well as our subsequent filings with the Securities and Exchange Commission. These forward-looking statements are based on information as of November 21, 2024 . We assume no obligation to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. About Gap Inc. Gap Inc., a house of iconic brands, is the largest specialty apparel company in America. Its Old Navy , Gap , Banana Republic , and Athleta brands offer clothing, accessories, and lifestyle products for men, women and children. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet. Gap Inc. products are available worldwide through company-operated stores, franchise stores, and e-commerce sites. Fiscal year 2023 net sales were $14.9 billion . For more information, please visit www.gapinc.com . Investor Relations Contact: Nina Bari Investor_relations@gap.com Media Relations Contact: Megan Foote Press@gap.com The Gap, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED ($ in millions) November 2, 2024 October 28, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,969 $ 1,351 Short-term investments 250 — Merchandise inventory 2,331 2,377 Other current assets 580 646 Total current assets 5,130 4,374 Property and equipment, net of accumulated depreciation 2,546 2,552 Operating lease assets 3,217 3,200 Other long-term assets 960 926 Total assets $ 11,853 $ 11,052 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,523 $ 1,433 Accrued expenses and other current liabilities 1,135 1,078 Current portion of operating lease liabilities 617 604 Income taxes payable 50 24 Total current liabilities 3,325 3,139 Long-term liabilities: Long-term debt 1,489 1,488 Long-term operating lease liabilities 3,360 3,456 Other long-term liabilities 544 509 Total long-term liabilities 5,393 5,453 Total stockholders' equity 3,135 2,460 Total liabilities and stockholders' equity $ 11,853 $ 11,052 The Gap, Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED 13 Weeks Ended 39 Weeks Ended ($ and shares in millions except per share amounts) November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net sales $ 3,829 $ 3,767 $ 10,937 $ 10,591 Cost of goods sold and occupancy expenses 2,194 2,211 6,322 6,488 Gross profit 1,635 1,556 4,615 4,103 Operating expenses 1,280 1,306 3,762 3,757 Operating income 355 250 853 346 Interest, net (6) — (12) 8 Income before income taxes 361 250 865 338 Income tax expense 87 32 227 21 Net income $ 274 $ 218 $ 638 $ 317 Weighted-average number of shares - basic 377 371 376 369 Weighted-average number of shares - diluted 383 375 383 373 Earnings per share - basic $ 0.73 $ 0.59 $ 1.70 $ 0.86 Earnings per share - diluted $ 0.72 $ 0.58 $ 1.67 $ 0.85 The Gap, Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED 39 Weeks Ended ($ in millions) November 2, 2024 (a) October 28, 2023 (a) Cash flows from operating activities: Net income $ 638 $ 317 Depreciation and amortization 371 394 Gain on sale of building — (47) Change in merchandise inventory (344) (5) Change in accounts payable 156 133 Other, net
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Giant Off-The-Road OTR Tyre Market Overview with Key Drivers, Challenges and Opportunities 11-24-2024 12:19 PM CET | Advertising, Media Consulting, Marketing Research Press release from: WiseGuy Reports Giant Off The Road Tyre Market Size was estimated at 7.69 USD Billion in 2023. The Giant Off The Road Tyre Market Industry is expected to grow from 8.12 USD Billion in 2024 to 12.5 USD Billion by 2032. The Giant Off The Road Tyre Market CAGR (growth rate) is expected to be around 5.54% during the forecast period (2025 - 2032). The Giant Off-The-Road (OTR) Tyre Market plays a vital role in supporting industries such as mining, construction, agriculture, and infrastructure development. Giant OTR tyres are specifically designed to handle heavy loads, rough terrains, and extreme working conditions. These tyres are integral to the operations of large machinery, including dump trucks, loaders, and earthmovers. With the global push for industrialization, the demand for robust and durable OTR tyres continues to rise, driven by the growth in mining activities, mega construction projects, and increased focus on infrastructure development in emerging economies. Request Free Sample Report at; https://www.wiseguyreports.com/sample-request?id=616669 Key Market Drivers The expansion of mining and construction activities worldwide is a primary driver of the Giant OTR Tyre Market. Mining companies are ramping up production to meet the rising global demand for minerals, metals, and energy resources. This surge directly increases the need for large mining equipment and, consequently, giant OTR tyres. Similarly, the construction sector is experiencing growth due to urbanization and government investments in infrastructure projects such as highways, bridges, and smart cities. Moreover, advancements in agriculture, including the adoption of large-scale mechanized farming, further boost the demand for these specialized tyres. Technological Innovations The market has witnessed significant advancements in tyre technology, focusing on improving performance, durability, and efficiency. Radial tyre technology, for instance, has gained popularity due to its superior traction, reduced rolling resistance, and extended lifespan compared to traditional bias-ply tyres. Additionally, manufacturers are incorporating advanced materials and designs to enhance resistance to wear and tear under harsh conditions. The rise of smart tyres, equipped with sensors to monitor pressure, temperature, and tread wear in real time, is also transforming the market, enabling better fleet management and reducing downtime. Industry Applications Giant OTR tyres are essential across various industries: - Mining: Used in dump trucks, wheel loaders, and shovels for ore extraction and transportation. - Construction: Integral to equipment such as bulldozers, graders, and articulated haulers for earthmoving and site preparation. - Agriculture: Supporting tractors and harvesters in large-scale farming operations. - Forestry: Employed in heavy machinery for logging and timber extraction. The demand for these tyres varies depending on the specific requirements of each application, including load capacity, tread design, and durability. Key Companies in the Giant Off The Road Tyre Market Include: •Ceat Limited •Maxxis •Sumitomo Rubber Industries •Bridgestone •BKT •Yokohama •JK Tyre Industries •Continental •Titan International •Apollo Tyres •MRF Limited •Goodyear •Hankook •Trelleborg •Michelin Access Complete PDF at; https://www.wiseguyreports.com/reports/giant-off-the-road-tyre-market Regional Market Insights The Asia-Pacific region dominates the Giant OTR Tyre Market, driven by rapid industrialization, urbanization, and large-scale mining operations in countries like China, India, and Indonesia. North America and Europe also represent significant markets, with strong demand from established construction and mining sectors. In Latin America, the market is fueled by mining activities in countries like Brazil and Chile, while the Middle East and Africa show potential due to growing infrastructure projects and mineral exploration. Challenges and Opportunities The market faces challenges such as high production costs and the fluctuating prices of raw materials like rubber and steel. Additionally, environmental concerns related to tyre disposal and the carbon footprint of production processes are prompting the industry to explore sustainable solutions. However, these challenges also create opportunities for innovation. The adoption of retreading services, which extend the lifespan of used tyres, and the development of eco-friendly materials, are gaining momentum. Moreover, the increasing automation and electrification of heavy machinery require tyres with specialized capabilities, opening new avenues for growth. Competitive Landscape Leading players in the Giant OTR Tyre Market include Bridgestone Corporation, Michelin, Goodyear Tire & Rubber Company, and Continental AG. These companies invest heavily in research and development to produce advanced tyres capable of meeting the evolving needs of end-users. Partnerships and collaborations with equipment manufacturers are also common strategies to strengthen market presence. Additionally, local and regional manufacturers are emerging in price-sensitive markets, offering competitive products to address cost constraints. Future Outlook The Giant OTR Tyre Market is poised for sustained growth, underpinned by industrial expansion and technological advancements. As industries seek more efficient, durable, and sustainable solutions, manufacturers will continue innovating to meet these demands. The integration of smart technologies, the rise of automation, and the push for greener products are set to shape the future of the market, ensuring its relevance in the evolving industrial landscape. Explore More; car tire pressure monitoring sensor market https://www.wiseguyreports.com/reports/car-tire-pressure-monitoring-sensor-market commercial aircraft global positioning systems market https://www.wiseguyreports.com/reports/commercial-aircraft-global-positioning-systems-market connected car cyber security market https://www.wiseguyreports.com/reports/connected-car-cyber-security-market Defense Land Vehicle Market https://www.wiseguyreports.com/reports/defense-land-vehicle-market Drum Brake System Market https://www.wiseguyreports.com/reports/drum-brake-system-market eco friendly tires and green tires market https://www.wiseguyreports.com/reports/eco-friendly-tires-and-green-tires-market electric bus and hybrid bus market https://www.wiseguyreports.com/reports/electric-bus-and-hybrid-bus-market electric forklift agv market https://www.wiseguyreports.com/reports/electric-forklift-agv-market electric motor narrow aisle forklifts market https://www.wiseguyreports.com/reports/electric-motor-narrow-aisle-forklifts-market electric power assisted steering systems market https://www.wiseguyreports.com/reports/electric-power-assisted-steering-systems-market Contact Us: WiseGuy Reports Pune Maharashtra, India 411028 +91 20 6912 2998 | +162 825 80070 (US) | +44 203 500 2763 (UK) About US: Wise Guy Reports is pleased to introduce itself as a leading provider of insightful market research solutions that adapt to the ever-changing demands of businesses around the globe. We want our clients to have information that can be used to act upon their strategic initiatives. We, therefore, aim to be your trustworthy partner within dynamic business settings through excellence and innovation. By offering comprehensive market intelligence, our company enables corporate organizations to make informed choices, drive growth, and stay ahead in competitive markets. This release was published on openPR.
Shares of Cadence Design Systems, Inc. ( NASDAQ:CDNS – Get Free Report ) have been given a consensus rating of “Moderate Buy” by the thirteen research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $326.00. Several equities research analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of Cadence Design Systems in a research report on Wednesday, September 25th. They issued an “underperform” rating and a $225.00 target price on the stock. Needham & Company LLC decreased their price target on shares of Cadence Design Systems from $320.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Rosenblatt Securities restated a “neutral” rating and set a $280.00 price objective on shares of Cadence Design Systems in a report on Tuesday, October 29th. Mizuho began coverage on Cadence Design Systems in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $325.00 target price on the stock. Finally, Loop Capital initiated coverage on Cadence Design Systems in a research report on Monday, November 11th. They set a “buy” rating and a $360.00 price target for the company. View Our Latest Stock Analysis on CDNS Insider Buying and Selling Institutional Investors Weigh In On Cadence Design Systems A number of institutional investors have recently made changes to their positions in CDNS. Park National Corp OH lifted its holdings in Cadence Design Systems by 19.8% in the second quarter. Park National Corp OH now owns 136,251 shares of the software maker’s stock worth $41,931,000 after acquiring an additional 22,537 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its stake in Cadence Design Systems by 83.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 4,505 shares of the software maker’s stock worth $1,402,000 after buying an additional 2,048 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Cadence Design Systems by 48.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 952,427 shares of the software maker’s stock worth $258,136,000 after buying an additional 310,250 shares during the last quarter. SG Americas Securities LLC increased its position in Cadence Design Systems by 88.4% in the second quarter. SG Americas Securities LLC now owns 54,022 shares of the software maker’s stock worth $16,625,000 after buying an additional 25,347 shares during the period. Finally, Teamwork Financial Advisors LLC lifted its stake in Cadence Design Systems by 19.4% in the third quarter. Teamwork Financial Advisors LLC now owns 13,131 shares of the software maker’s stock valued at $3,559,000 after buying an additional 2,136 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors. Cadence Design Systems Trading Up 1.7 % Shares of CDNS stock opened at $311.87 on Tuesday. Cadence Design Systems has a fifty-two week low of $241.29 and a fifty-two week high of $328.99. The company has a quick ratio of 2.27, a current ratio of 2.45 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $278.58 and a 200-day simple moving average of $283.62. The stock has a market cap of $85.53 billion, a P/E ratio of 81.86, a P/E/G ratio of 4.16 and a beta of 1.02. Cadence Design Systems ( NASDAQ:CDNS – Get Free Report ) last released its quarterly earnings results on Monday, October 28th. The software maker reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.20. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Cadence Design Systems had a return on equity of 28.49% and a net margin of 23.87%. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. On average, analysts forecast that Cadence Design Systems will post 4.75 earnings per share for the current fiscal year. About Cadence Design Systems ( Get Free Report Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. See Also Receive News & Ratings for Cadence Design Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadence Design Systems and related companies with MarketBeat.com's FREE daily email newsletter .As the excitement grows leading up to the Inaugural Lao Wa Cup, Chen Menglu's video serves as a catalyst for greater anticipation and enthusiasm among fans and players. Her engaging delivery and in-depth analysis have generated buzz and heightened interest in the tournament, drawing attention to the skill and dedication of the athletes who will be competing for glory on the table tennis court.
Raymond James Predicts Up to ~440% Rally for These 2 ‘Strong Buy’ Stocks
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