Zacks.com users have recently been watching Synopsys (SNPS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
CNBC's Jim Cramer explains why he is keeping an eye on shares of Synopsys Inc.
One of the most outstanding companies would probably result from a combination of Ansys and Synopsys. But there is always the question of whether one also gets these companies at a good price, so that one has a large upside potential. And this is where the shortcoming that I believe exists comes into play.
Synopsys NASDAQ: SNPS is a firm in the semiconductor industry that provides key software to chip designers. So far this year, the company has underperformed its industry with a total return of 10%.
Synopsys (SNPS) third-quarter fiscal 2024 results reflect the benefits of growth across multiple business segments and better cost management.
Synopsys (NASDAQ: SNPS ) just reported results for the third quarter of 2024. Synopsys reported earnings per share of $3.43.
Synopsys, Inc. (NASDAQ:SNPS ) Q3 2024 Earnings Call Transcript August 21, 2024 5:00 PM ET Company Participants Trey Campbell - SVP, IR Sassine Ghazi - President and CEO Shelagh Glaser - CFO Conference Call Participants Harlan Sur - JPMorgan Vivek Arya - Bank of America Joe Vruwink - Baird Jason Celino - KeyBanc Lee Simpson - Morgan Stanley Ruben Roy - Stifel Charles Shi - Needham & Company Joshua Tilton - Wolfe Research Jay Vleeschhouwer - Griffin Securities Operator Ladies and gentlemen, welcome to the Synopsys Earnings Conference Call for the Third Quarter Fiscal Year 2024. At this time, all participants are in a listen-only mode.
BLS employment numbers are now -818K fewer than originally reported from April 2023 to March 2024.
While the top- and bottom-line numbers for Synopsys (SNPS) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Synopsys (SNPS) came out with quarterly earnings of $3.43 per share, beating the Zacks Consensus Estimate of $3.28 per share. This compares to earnings of $2.88 per share a year ago.
Synopsys forecast its fourth-quarter revenue and profit above Wall Street estimates on Wednesday, a sign of steady demand for its software to design complex and AI-compatible chips as businesses race to adopt the lucrative technology.
Chip design software firm Synopsys beat analyst estimates for its fiscal Q3 and guided higher than views for fiscal Q4.