SEC EDGARJun 3$CDNS

Scannell Paul sold $2.8M of CDNS

Scannell Paul (Sr. Vice President) sold 7,081 shares of CADENCE DESIGN SYSTEMS INC (CDNS) at $393.91 ($2.79M total) on 2026-06-01 under a Rule 10b5-1 trading plan.

Original reporting

SEC EDGAR · Scannell Paul

Published Jun 3, 2026, 11:25 PM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Jun 3, 2026, 11:27 PM UTC. Informational, not investment advice.

How this was made

AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

About AlphAI AI Desk Scoring methodology Report an issue

AlphAI market briefInsider activity

Primary signal

$CDNS

Neutral

medium confidence

Mentioned

$CDNS

Relevance

6/10

AlphAI data visualization · based on SEC EDGAR

Decision brief

The 30-second read

$CDNSNeutralLow

Why it matters

Traders may treat it as a low-signal sentiment datapoint rather than a fundamental catalyst; the key is whether future filings show a pattern or changes in plan behavior.

Market read

Disclosure of an officer’s scheduled open-market sale; typically not a standalone driver of valuation.

What to watch

The disclosure doesn’t reveal reasons for the sale (taxes, diversification, scheduled liquidity), so signal quality is inherently limited.

Relevance 6/10Novelty 3/10Timing: SEC Form 4 filed today; sale executed 2026-06-01

Background

This is an SEC Form 4 insider transaction (officer/direct holdings) for Cadence Design Systems, executed under a pre-arranged Rule 10b5-1 plan.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$CDNSNeutralMedium confidence

Context

Cadence Design Systems officer Scannell Paul sold $2.79M of CDNS shares via an open-market transaction under a 10b5-1 plan.

Expected impact

Likely limited immediate price impact; any effect would be sentiment-driven and modest.

Evidence & confidence

The filing provides transaction size, date, and 10b5-1 status, but no new company-specific operational or financial information.

Market effects

Sector

Minimal—single insider transaction without broader sector/regulatory/company catalyst.

Regional

None indicated.

Global

None indicated.

Counterpoint

What could challenge this read

Even with a 10b5-1 plan, repeated insider selling can still coincide with internal caution; monitor for additional filings clustered around similar dates.

Key entities

issuer
Cadence Design Systems, Inc.
Subject of the insider transaction disclosure; officer sale under a 10b5-1 plan.
insider
Scannell Paul
Senior Vice President who sold 7,081 shares on 2026-06-01.

Read at source ← All news

$CDNSMedAI 8/10

Cadence's Raised 2026 Outlook Tests the Strength of Its AI Demand

Cadence Design Systems (CDNS) raised its 2026 revenue and earnings outlook after Q3 results exceeded expectations. The company expects $6.387-$6.417B in revenue and $8.37-$8.43 in non-GAAP EPS, with Q4 revenue projected at $1.695-$1.725B. Growth is driven by AI adoption and a record backlog, but margins are pressured by higher costs and acquisition integration.

finance.yahoo.comNov 2

$CDNSHighAI 9/10

Cadence Reports Third Quarter 2026 Financial Results

Cadence (CDNS) reported Q3 2026 revenue of $1.633B, up 22% YoY, and raised its 2026 revenue growth outlook to 21%. Non-GAAP EPS was $2.11, up from $1.93 YoY. The company's backlog reached a record $8.2B, and it authorized an additional $2.5B for share repurchases. Cadence launched Maestro, an AI model for chip design, and saw strong growth across all product categories.

design-reuse.comOct 29

$CDNSHighAI 8/10

Cadence Soars 6% on Record $8.2 Billion Backlog, Raising Outlook “For the Third Time This Year”

Cadence Design Systems (CDNS) shares rose 6% after reporting Q3 revenue growth of 22% to $1.63B and a record backlog of $8.2B. The company raised its 2026 revenue growth outlook to 21% from 14%. Non-GAAP EPS increased to $2.11, but margins slipped to 44.1% from 47.6% due to rising costs. Analysts expect EPS to reach $9.73 by 2027.

finance.yahoo.comOct 28

$CDNSHighAI 9/10

Cadence Design Systems 3Q 2026: Revenue $1.63B, EPS $1.05— 10-Q Summary

Cadence Design Systems reported 3Q 2026 revenue of $1.63B, up 22% YoY, with net income of $289.75M and EPS of $1.05. Nine-month revenue also grew 22%, driven by software, hardware, and IP demand. Recurring revenue was 79% of total revenue, down from 82% YoY. Revenue increased 27% in the U.S. and 31% in EMEA, with China and Other Asia growing 4% and 29%, respectively. The company acquired Hexagon’s design and engineering business in February 2026.

tradingview.comOct 28

$CDNSMed

Rosenblatt maintains Buy rating on Cadence Design Systems, $425 price target

Rosenblatt maintained a Buy rating on Cadence Design Systems (CDNS) with a $425 price target, suggesting a 31.9% upside. The company reported Q3 revenue of $1.63B, up 22% YoY, exceeding estimates. Cadence raised its FY26 revenue growth outlook to 21% and highlighted AI integration and a record $8.2B backlog.

tradingview.comOct 27

$CDNSLow

Cadence Debuts Maestro AI Models That Chipmakers Can Run Inside Their Own Firewalls — BigGo Finance

Cadence Design Systems launched Maestro, AI models for chip design that run in customers' data centers, using Nvidia's Nemotron model. The company claims 30% better quality and 5x token efficiency, though unverified. Cadence reported Q3 2026 revenue of $1.633B, up 22%, and a 21% full-year growth outlook. Shares rose 3.9% post-announcement, according to Reuters.

finance.biggo.comOct 27