Why Is Synopsys (SNPS) Up 4.1% Since Last Earnings Report? [Yahoo! Finance]
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Synopsys, Inc. (SNPS)
Last synopsys, inc. earnings: 2/19 04:05 pm
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US:NASDAQ Investor Relations:
synopsys.com/company/investor-relations.html
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Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Synopsys due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Synopsys Q2 Earnings and Revenues Miss Estimates Synopsys missed both revenue and earnings estimates in the second quarter of 2024. The company's second-quarter non-GAAP earnings per share (EPS) of $3 marginally lagged the Zacks Consensus Estimate of $3.03. However, the bottom line improved 26% year over year, primarily driven by higher revenues and better cost management. Revenues jumped 15% year over year to $1.45 billion but missed the Zacks Consensus Estimate of $1.51 billion. The top line was driven by growth across multiple business segments. Synopsys' revenue growth was driven by ongoing investments from semiconductor and systems companies in its solutions to enhance
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SNPS
News
- Synopsys (SNPS) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Synopsys, Inc. (NASDAQ: SNPS) had its price target raised by analysts at KeyCorp from $675.00 to $690.00. They now have an "overweight" rating on the stock.MarketBeat
- The total return for Synopsys (NASDAQ:SNPS) investors has risen faster than earnings growth over the last five years [Yahoo! Finance]Yahoo! Finance
- Synopsys (SNPS) Expands Its AI-based Multi-Die Portfolio [Yahoo! Finance]Yahoo! Finance
- Synopsys Accelerates Chip Innovation with Production-Ready Multi-Die Reference Flow for Intel Foundry [Yahoo! Finance]Yahoo! Finance
SNPS
Earnings
- 5/22/24 - Beat
SNPS
Sec Filings
- 6/26/24 - Form 4
- 6/24/24 - Form 144
- 6/21/24 - Form 4
- SNPS's page on the SEC website