BUZZ-Cadence falls after downbeat annual revenue, profit forecasts

Shares of chip design software maker Cadence Design Systems CDNS.O fall 5% to $285.37 in extended trading

Company sees FY25 revenue between $5.14 billion and $5.22 billion, below estimates of $5.25 billion - LSEG

CDNS expects annual profit between $6.65 and $6.75 per share compared to analysts' average expectation of $6.83 per share

Company reports Q4 adj. profit of $1.88/shr vs analysts' average estimate of $1.82/shr

Up to last close, stock up 3.5% in the last 12 months