The Latest Breaking News from Blair Abernethy

Cadence Design Systems is the IBD Stock Of The Day as the maker of design automation software bounces back from an earnings swoon.

PDF Solutions, a software provider to the semiconductor industry, saw its shares spike to a record high on Friday.

Analysts were impressed by Snowflake Inc's (NYSE: SNOW) Summit user conference in Las Vegas, which included an Investor Day briefing.

Microsoft Corp (NASDAQ:MSFT) updated its Q4 and FY23 guidance due to recent unfavorable currency headwinds.  Microsoft cited an incremental $460 million headwind from FX to its total revenue guidance issued in late April, representing slightly less than a 100bps delta on total revenue.  Microsoft now expects revenue of $51.94 billion - $52.74 billion…

Analysts appreciated Autodesk, Inc (NASDAQ: ADSK) for growing amid macro headwinds.

Snowflake Inc (NYSE: SNOW) could deliver an in-line or marginally better-than-projected quarter, when it reports results after the closing bell on Wednesday, according to Rosenblatt.

Microsoft Corporation (NASDAQ: MSFT) shares traded higher by 7.2% on Wednesday after the company reported an across-the-board earnings beat and demonstrated impressive sales momentum.