U.S. Movers: Cadence Design, Caesar's Entertainment, Palo Alto Networks

Scott Peters
18 Feb, 2026
New York City

Cadence Design Systems rose 5.3% to $298.28 after the electronic design automation company reported fourth-quarter results. 

Revenue increased to $1.44 billion from $1.35 billion, net income advanced to $388.1 million from $340.2 million, and diluted earnings per share rose to $1.42 from $1.24 a year ago. 

For fiscal year 2026, the company estimated revenue to range between $5.9 billion and $6.0 billion, and diluted earnings per share between $4.95 and $5.05. 

Backlog at the end of 2025 increased to a record high of $7.8 billion, said John Wall, senior vice president and chief financial officer. 

Palo Alto Networks fell 6.5% to $151.25 after the cybersecurity services provider's guidance fell short of market expectations. 

Revenue in the fiscal second quarter ending in January rose 15% to $2.6 billion, net income soared to $432 million from $267 million, and diluted earnings per share advanced to 61 cents from 38 cents a year ago. 

For the fiscal third quarter, the company estimated revenue in the range of $2.941 billion and $2.945 billion, and diluted adjusted income per share was between 78 cents and 80 cents. 

Caesars Entertainment increased 3.9% to $19.70 after the casino operator reported fourth-quarter results. 

Net revenues increased to $2.9 billion from $2.8 billion, net income attributable to shareholders swung to a loss of $250 million from an income of $11 million, and diluted earnings per share was a loss of $1.23 from an income of 5 cents. 

While the brick-and-mortar store revenue was stable at $1.0 billion, digital revenue increased to $419 million from $302 million a year ago.