Synopsys, Inc. (NASDAQ:SNPS ) Q4 2024 Earnings Conference Call December 4, 2024 4:30 PM ET Company Participants Trey Campbell - Senior Vice President, Investor Relations Sassine Ghazi - President and Chief Executive Officer Shelagh Glaser - Chief Financial Officer Conference Call Participants Joe Vruwink - Baird Jason Celino - KeyBanc Capital Markets Harlan Sur - J.P. Morgan Vivek Arya - Bank of America Gary Mobley - Loop Capital Jay Vleeschhouwer - Griffin Securities Ruben Roy - Stifel Charles Shi - Needham & Company Joshua Tilton - Wolfe Research Operator Ladies and gentlemen, welcome to the Synopsys Earnings Conference Call for the Fourth Quarter and Fiscal Year 2024.
The headline numbers for Synopsys (SNPS) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Synopsys (SNPS) came out with quarterly earnings of $3.40 per share, beating the Zacks Consensus Estimate of $3.29 per share. This compares to earnings of $3.17 per share a year ago.
Chip design software firm Synopsys on Wednesday forecast fiscal 2025 revenue below Wall Street expectations thanks in part to a slump in China sales as the U.S. tightens controls on what chip technology can be sold to the country.
Sassine Ghazi, Synopsys CEO, joins 'Closing Bell Overtime' to talk Q4 results, its Ansys acquisition and more.
SNPS' Q4 performance is likely to have reflected the benefits of advanced technology innovations propelled by its strong IP, designs and security solutions.
Beyond analysts' top -and-bottom-line estimates for Synopsys (SNPS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.
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.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Synopsys (SNPS) closed the most recent trading day at $523.79, moving +0.58% from the previous trading session.
With slowing growth and rising competition, Synopsys' premium valuation raises concerns. Here's why selling SNPS stock might be wise now.
Loop Capital initiated coverage of Synopsys with a Buy rating and $675 price target. The firm sees increasing captive chip designs coming from system original equipment manufacturers and hyperscalers, and China's chip design activity is outpacing RoW as China attempts to foster a domestic chip industry, the analyst tells investors in a research note. The firm said that this fragmentation in chip design activity presents a long-term secular challenge for traditional merchant semiconductor companies, and investment in companies like Synopsys is an ideal way to hedge against this trend.