ClearOne, Inc., together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for audio/voice and visual communications in the United States and internationally. The company has market cap of $70.68 million. The firm offers various professional audio communication products, including professional conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; and professional microphones for use in various applications. It currently has negative earnings. It also provides unified communications audio end points comprising traditional tabletop conferencing phones used in conference rooms and offices; and personal conferencing products that could be used with PCs, laptops, tablets, smartphones, and other portable devices.
The Sr. VP & CFO of Cadence Design Systems Inc and firm’s insider John Wall sold 750 shares of the Pinksheet-listed company calculated based on the stock price per share of $44.0 of a share. These insider shares are worth based on the market roughly $32,963 U.S. Dollars. It seems he is very active lately as in the last month, he quietly unloaded additional 750 shares of the company, worth $32,768 USD. Published January 10, 2018, you can find out more about the deal by accessing the following public report here. Currently, John Wall owns 109,323 shares which make up precisely 0.04% of Cadence Design Systems Inc’s market cap (share price times the number of shares outstanding).
Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide. The company has market cap of $12.61 billion. It offers functional verification, including emulation and prototyping hardware. It has a 48.65 P/E ratio. The Company’s functional verification offering consists of JasperGold, a formal verification platform; Incisive, a functional verification platform; and Palladium, a verification computing platform.
Among 10 analysts covering Cadence Design Systems Inc (NASDAQ:CDNS), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Cadence Design Systems Inc has $41 highest and $21 lowest target. $28’s average target is -37.30% below currents $44.66 stock price. Cadence Design Systems Inc had 24 analyst reports since July 29, 2015 according to SRatingsIntel. DA Davidson downgraded Cadence Design Systems, Inc. (NASDAQ:CDNS) on Wednesday, April 6 to “Neutral” rating. JP Morgan downgraded Cadence Design Systems, Inc. (NASDAQ:CDNS) on Monday, December 12 to “Underweight” rating. Needham maintained the stock with “Buy” rating in Tuesday, October 27 report. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) earned “Hold” rating by Needham on Tuesday, June 14. The rating was maintained by RBC Capital Markets on Friday, May 26 with “Buy”. DA Davidson upgraded it to “Buy” rating and $25 target in Thursday, February 4 report. On Monday, October 10 the stock rating was upgraded by DA Davidson to “Buy”. KeyBanc Capital Markets maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) on Sunday, November 26 with “Hold” rating. RBC Capital Markets initiated it with “Outperform” rating and $29 target in Monday, June 6 report. Needham maintained the stock with “Hold” rating in Thursday, September 14 report.
Investors sentiment increased to 1.36 in Q3 2017. Its up 0.27, from 1.09 in 2017Q2. It is positive, as 32 investors sold Cadence Design Systems, Inc. shares while 105 reduced holdings. 71 funds opened positions while 115 raised stakes. 234.20 million shares or 0.26% more from 233.59 million shares in 2017Q2 were reported. Nj State Employees Deferred Compensation Plan holds 0.27% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 38,250 shares. Ferguson Wellman Capital Mgmt holds 0.54% or 381,460 shares. Nomura Asset Mngmt Com Limited invested 0.02% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Cantab Partners Llp owns 36,539 shares. Vanguard Inc invested 0.05% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Frontier Capital Management holds 2.07 million shares or 0.59% of its portfolio. 5,115 are held by Putnam Invests Ltd Limited Liability Company. Victory Mgmt has invested 0% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Ativo Cap Limited Liability Company stated it has 30,300 shares. Strs Ohio holds 0% or 17,240 shares in its portfolio. Whittier Of Nevada Inc has 600 shares for 0% of their portfolio. The New York-based Clinton Group has invested 0.98% in Cadence Design Systems, Inc. (NASDAQ:CDNS). First Mercantile invested in 25,033 shares. Advisory Limited Liability Company has 961 shares for 0% of their portfolio. Nationwide Fund Advsrs stated it has 78,886 shares or 0.01% of all its holdings.
Since August 15, 2017, it had 0 insider buys, and 9 sales for $14.57 million activity. WALL JOHN M had sold 750 shares worth $32,768. Cowie James J sold 5,036 shares worth $187,376. TAN LIP BU had sold 100,000 shares worth $4.20M on Monday, October 16. The insider RIBAR GEOFFREY G sold 5,000 shares worth $184,400.
Analysts await Cadence Design Systems, Inc. (NASDAQ:CDNS) to report earnings on February, 7. They expect $0.27 earnings per share, up 92.86% or $0.13 from last year’s $0.14 per share. CDNS’s profit will be $76.24M for 41.35 P/E if the $0.27 EPS becomes a reality. After $0.29 actual earnings per share reported by Cadence Design Systems, Inc. for the previous quarter, Wall Street now forecasts -6.90% negative EPS growth.
The stock decreased 0.91% or $0.41 during the last trading session, reaching $44.66. About 678,404 shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 37.90% since January 10, 2017 and is uptrending. It has outperformed by 21.20% the S&P500.
Analysts await ClearOne, Inc. (NASDAQ:CLRO) to report earnings on March, 13. They expect $0.04 earnings per share, up 233.33% or $0.07 from last year’s $-0.03 per share. CLRO’s profit will be $336,567 for 52.50 P/E if the $0.04 EPS becomes a reality. After $0.07 actual earnings per share reported by ClearOne, Inc. for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.
Blackrock Inc. holds 0% of its portfolio in ClearOne, Inc. for 19,379 shares. California Public Employees Retirement System owns 25,300 shares or 0% of their US portfolio. Moreover, Deutsche Bank Ag has 0% invested in the company for 10,812 shares. The Texas-based Dimensional Fund Advisors Lp has invested 0% in the stock. Geode Capital Management Llc, a Massachusetts-based fund reported 19,107 shares.
Since January 1, 0001, it had 2 insider purchases, and 1 insider sale for $251,827 activity.