Список проголосовавших за комментарий " Cadence Design color on qtr (33.48)<ul><li>RBC Capital Mkts noted CDNS's solid results that were in-line with expectations along with a full-year guide that remains unchanged. While the stock was down a tad in the after market, firm thinks this was primarily due to 1) high expectations into the print, 2) pause in buybacks for the quarter and 3) a slowdown in digital on a y/y basis — although this is due to a tough compare from a large completed service contract in 1Q16 of last year. <strong>Finally, they note that y/y growth remains healthy at +6.5% for the quarter and EPS growth came in at +13.6% y/y as well.</strong> Net Net: the quarter was largely in-line with Street expectations and firm thinks the stock is taking a small step back due to higher buy-side expectations after a material leg up in the stock to start the year (CDNS is up +32.75% on a YTD basis); Outperform, $33 tgt.</li><li>Needham kept their Hold rating on CDNS after co delivered what firm felt were largely in-line 1Q17 results and reiterated its prior 2017 top and bottom line guidance, while providing 2Q17 guidance just shy of consensus. <strong>They think co remains well positioned to meet or slightly exceed its 2017 guidance, as it benefits from a stable macro backdrop, share gains in Digital and renewed growth in its IP business.</strong> That said, shares are up 33% yt-d (vs S&P 500 up ~6% ytd) and now trade at a post-model-transition high NTM P/ E of ~24x, sharply above the stock's 5-yr average of ~17x. As such, while appreciative of co's solid fundamentals, firm admits they are hard pressed to make an upside valuation case for the shares.</li></ul><p><em>CDNS is indicated about -5.9% on thin volume in the premarket</em></p>"