Lora Kolodny / CNBC:

Cadence shares closed up 7.6% on Wednesday after the chip design company reported Q4 revenue up ~6% to $1.44B and adjusted EPS of $1.99, both above estimates  —  Cadence Design Systems stock rose by more than 6% on Wednesday after the chip design software company reported earnings that beat analysts' expectations.

Lora Kolodny / CNBC:

Cadence shares closed up 7.6% on Wednesday after the chip design company reported Q4 revenue up ~6% to $1.44B and adjusted EPS of $1.99, both above estimates  —  Cadence Design Systems stock rose by more than 6% on Wednesday after the chip design software company reported earnings that beat analysts' expectations.