Synopsys, Inc. (SNPS)
Market Cap | 85.52B |
Revenue (ttm) | 6.13B |
Net Income (ttm) | 1.41B |
Shares Out | 152.54M |
EPS (ttm) | 9.06 |
PE Ratio | 61.88 |
Forward PE | 41.12 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,027,661 |
Open | 558.59 |
Previous Close | 550.03 |
Day's Range | 555.12 - 565.95 |
52-Week Range | 360.37 - 629.38 |
Beta | 1.06 |
Analysts | Strong Buy |
Price Target | 614.10 (+9.54%) |
Earnings Date | May 15, 2024 |
About SNPS
Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to pe... [Read more]
Financial Performance
In 2023, Synopsys's revenue was $5.84 billion, an increase of 14.98% compared to the previous year's $5.08 billion. Earnings were $1.23 billion, an increase of 24.91%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for SNPS stock is "Strong Buy." The 12-month stock price forecast is $614.1, which is an increase of 9.54% from the latest price.
News
Synopsys Showcases EDA Performance and Next-Gen Capabilities with NVIDIA Accelerated Computing, Generative AI and Omniverse
Expanding Decades of Collaboration Across Synopsys' Full EDA Stack News Highlights: Enabling Synopsys' industry-leading full AI-driven EDA stack on the NVIDIA GH200 Grace Hopper Superchip; projecting ...
Synopsys Launches Industry's First Complete 1.6T Ethernet IP Solution to Meet High Bandwidth Needs of AI and Hyperscale Data Center Chips
Solution Helps Future-Proof Infrastructure Using New 1.6T Ethernet Controller IP, Silicon-Proven 224G PHY IP, and Verification IP Highlights: Available now and adopted by multiple customers, Synopsys'...
New Synopsys Report Finds 74% of Codebases Contained High-Risk Open Source Vulnerabilities, Surging 54% Since Last Year
The Computer Hardware and Semiconductors industry contained the most open source vulnerabilities classified as high risk, followed by Manufacturing, Industrials and Robotics SUNNYVALE, Calif. , Feb. 2...
Synopsys' Annual User Group Conference (SNUG) and Investor Day Kicks Off on March 20
SNUG Features Keynotes from Synopsys CEO Sassine Ghazi and Microsoft Corp VP Plus 100+ Sessions on AI, Silicon Proliferation, Software-Defined Systems, and More SUNNYVALE, Calif. , Feb. 26, 2024 /PRNe...
Synopsys Stock Soars To a Record High as AI Boom Drives Bullish Outlook, Earnings Beat
Synopsys Inc. (SNPS) shares surged to an all-time high Thursday, after the software firm posted better-than-expected first-quarter results and guidance on the back of the boom in demand for artificial...
Synopsys CEO on earnings, AI growth and chip-maker demand
Sassine Ghazi, Synopsys CEO, joins 'Money Movers' to discuss the comapny's opportunity in the artificial intelligence space, the efforts of the largest tech companies developing their own chips, and m...
Synopsys's stock is another chip and AI play that's soaring after earnings report
Shares of Synopsys Inc. rocketed into record territory as the semiconductor-design-software company beat quarterly profit expectations and raised its full-year outlook, while touting its “turbocharged...
Synopsys (SNPS) Jumps After Earnings
Synopsys (SNPS) jumps after better-than-expected 1Q earnings and strong guidance. Its 1Q adjusted EPS came in at $3.56 versus an estimated $3.43 and revenue came in at $1.65B versus an estimated $1.65...
Synopsys expects strong second quarter on AI-powered chip design demand
Synopsys forecast second-quarter revenue and profit above Wall Street estimates on Wednesday, anticipating a surge in demand for its software to design complex and artificial intelligence-compatible c...
Synopsys Posts Financial Results for First Quarter Fiscal Year 2024
Results Summary Record quarterly revenue of $1.649 billion, up approximately 21% year over year. Quarterly GAAP earnings per diluted share of $2.89; non-GAAP earnings per diluted share of $3.56, which...
Synopsys and Intel Foundry Accelerate Advanced Chip Designs with Synopsys IP and Certified EDA Flows for Intel 18A Process
Close Collaboration with EDA Flows and Broad IP Portfolio Enables Chipmakers to Boost Performance and Speed Time to Market Highlights: Synopsys digital and analog EDA flows are certified and optimized...
AI drives broad gains in chips
CNBC's Kristina Partsinevelos joins ‘Halftime Report' to discuss the latest news on AI driving broad gains in the semiconductor sector.
Synopsys' Global Channels & Alliances VP, Tom Herrmann Recognized as 2024 CRN® Channel Chief
SUNNYVALE, Calif. , Feb. 5, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced that CRN®, a brand of The Channel Company, has named Tom Herrmann, Global Vice President of Channels & Al...
Synopsys Announces Earnings Release Date For First Quarter Fiscal Year 2024
SUNNYVALE, Calif. , Jan. 25, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced it will report results for the first quarter fiscal year 2024 on Wednesday, Feb. 21, 2024, after the mar...
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Ansys
NEW YORK , Jan. 17, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Ansys (NASDAQ: ANSS) and its board of directors concerning the proposed acquisition of ...
The announcement Synopsys will buy Ansys for $35B is a relationship years in the making
Bloomberg News Managing Editor of Technology and Global Cybersecurity Lynn Doan joins Bloomberg Radio to break down the news Synopsys will buy software maker Ansys for $35 Billion -------- Get more on...
Synopsys CEO talks $35 billion Ansys deal
Sassine Ghazi, Synopsys CEO, joins 'Closing Bell Overtime' to talk its acquisition of Ansys for $35 billion and its regulatory timeline.
Synopsys agrees to buy system design firm Ansys for $35B
Chip design firm Synopsys has agreed to acquire simulation and analysis firm Ansys in a deal worth $35 billion.
Synopsys Stock Rises After $35 Billion Ansys Acquisition
Synopsys Inc. (SNPS) stock jumped early Tuesday after the company announced a cash-and-stock acquisition of Ansys Inc. (ANSS) after a seven-year relationship in semiconductor design and simulation bet...
Midday Movers: Boeing Tumbles on Safety Inspections, Synopsys Rises on Ansys Deal
U.S. equities started the shortened trading week lower at midday as the yield on the 10-year Treasury note jumped above 4% amid concerns that expectations of Fed rate cuts this year might be overblown...
Synopsys Strikes $35 Billion Deal to Buy Ansys
The deal was the latest sign of changes in the tech sector, as artificial intelligence booms and sales of some hardware slows.
Endura Technologies Appoints New CEO, and Strategic Board Members to Accelerate Growth of System-on-Chip Power Delivery Pioneer
SAN DIEGO , Jan. 16, 2024 /PRNewswire/ -- Endura Technologies, a pioneer in advanced power delivery solutions for System on Chip (SoC) applications, announces a significant transformation in its leade...
Faber Report: Synopsys to buy graphics software maker Ansys in $35 billion tech deal
CNBC's David Faber reports on Synopsys' acquisition of Ansys.
Synopsys Buys Ansys for $35 Billion in Biggest Tech Deal of Year So Far
The merger of the design-software companies is expected to close next year.