Today they reported strong: in-line revenue, an earnings beat, and raised revenue and earnings guidance. Shares rallied after hours. That said, they said the CEO will resign to become the chair of the board.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They saw some decline today but recouped somewhat. Sales missed estimates and they announced a small per share loss. Margins remain stable and they saw an analyst upgrade. Strong growth is expected for the next few years and their financial position remains healthy. Unlock Premium - Try 5i Free
(A Top Pick Jun 06/19, Up 23%) A maker of computer software for chip manufacturing. They are benefiting from the trend of more AI, cloud and autonomous driving. Chips are getting more complex and the need for software is increasing. He liked their recent earnings report. A time to add to a position.
A past Top Pick. He likes how they are positioned for their software integrity and testing. As semi-conductor chips are becoming more complex their software is growing in demand. They are insulated from any shocks like in China as he expects companies to continue to funnel money into R&D. Yield 0% (Analysts’ price target is $175.17)
An electronic design automation company. He likes it because it is not super cyclical. Companies like AAPL-Q are designing their own chips and this gives them a barrier to entry. He has liked it over the long term.
Synopsys Inc is a American stock, trading under the symbol SNPS-Q on the NASDAQ (SNPS). It is usually referred to as NASDAQ:SNPS or SNPS-Q
In the last year, 2 stock analysts published opinions about SNPS-Q. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Synopsys Inc.
Synopsys Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Synopsys Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Synopsys Inc In the last year. It is a trending stock that is worth watching.
On 2023-12-04, Synopsys Inc (SNPS-Q) stock closed at a price of $531.07.
They do electronic design automation for all the chips, including Nvidia's. They report in two weeks. Is up 50% since breaking out in June.