Top 5 Gainers Today

In this article, we discuss 5 companies that are gaining value today. If you want to see some more companies trading higher in the current trading session, go directly to Top 10 Gainers Today.

5. Cadence Design Systems, Inc. (NASDAQ:CDNS)

Number of Hedge Fund Holders: 45

Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) turned green in the pre-market trading session on Tuesday, July 26, after beating profit and sales expectations for the second quarter.

Cadence Design Systems, Inc. (NASDAQ:CDNS) earned $1.08 per share on an adjusted basis, beating the consensus of 96 cents per share. The quarterly revenue of $858 million also came in above expectations of $836.89 million.

For the current quarter, Cadence Design Systems, Inc. (NASDAQ:CDNS) projected adjusted earnings of 94 – 98 cents per share and revenue of $860 – $880 million. The outlook is better than the consensus of 93 cents per share for earnings and $847.81 million for revenue.