Synopsys, Inc.'s stock remains overvalued despite 11% revenue growth and weak guidance, reiterating a “Sell” rating with a fair value of $394 per share. The acquisition of Ansys for $35 billion is strategically favorable, promising synergies and integration benefits in the semiconductor design and simulation markets. Weak end-market demands and a pessimistic outlook for China's semiconductor industry are expected to hinder Synopsys's growth in FY25.
Synopsys (SNPS) shares tumbled after the chip design software maker posted a disappointing forecast for its coming fiscal year late Wednesday.
Synopsys stock plunged after the chip design company guided low on revenue, though some analysts remain upbeat. The post Synopsys Stock Dives On Outlook.
Shelagh Glaser, CFO of Synopsys (SNPS), discusses the direction she aims to take the company after investors traded the stock down. She explains part of the reason Synopsys cut guidance was due to the setup of the calendar year, reiterating that revenue growth shows promise in its outlook.
SNPS' Q4 results reflect an impressive rise in top and bottom lines, driven by strong growth across multiple business segments.
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.