Cadence delivered fabulous results for the 4th quarter of 2019 in which it beat on all metrics, this is very likely to continue as its new products have received very robust adoption. The company has quite a high P/E ratio but with current growth, investors may be willing to pay that premium. The selling in the last few days is slightly worrying heading to earnings, so we will adopt a wait a and see approach. Long term bullish but cautious into earnings.
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