🟢 Cadence Design Systems is trading 12.2% up today after upbeat earnings and solid guidance

Cadence Design Systems is trading at $381.48 (12.2% up) after releasing upbeat quarterly earnings and solid guidance following the closing bell.

• The move is driven by better-than-expected results and a strong future outlook.
• Investors are reacting to the fresh earnings news in a thinner after-hours session, which often leads to significant price jumps.