Operator: Good afternoon. My name is Lisa, and I will be your conference operator today. At this time, I would like to welcome everyone to the Cadence Second Quarter 2023 Earnings Conference Call.
The bank on Friday reiterated a sell rating the stock, with a $16 per share price target. Deutsche Bank's forecast calls for a 57% drop over the next 12 months.
Shares of C3.ai were tracking toward their fifth straight session of declines as the software company failed to wow Wall Street analysts at its recent.