Synopsys (SNPS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended January 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 21. ...

Fool.com contributor Parkev Tatevosian evaluates the financial prospects for Synopsys (SNPS 0.81%) and determines if the stock is a buy for long-term investors. *Stock prices used were the afternoon prices of Feb. 7, 2024. The video was published on Feb. 9, 2024. ...

SUNNYVALE, Calif., Feb. 5, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced that CRN®, a brand of The Channel Company, has named Tom Herrmann, Global Vice President of Channels & Alliances, to the prestigious 2024 CRN® Channel Chiefs list for the third consecutive year. CRN's annual Channel Chiefs list recognizes the IT vendor and distribution executives who are driving strategy and setting the channel agenda for their companies. Herrmann, an accomplished executive with more than 25 years ...

The two leading semiconductor design software and verification platforms --  Synopsys (SNPS -0.24%) and Cadence Design Systems (CDNS -0.29%) -- have been off to the races the last few years, especially as investors have caught wind of how important these companies are to the development of AI and other advanced computing technology.Synopsys and Cadence are up 100% and 115%, respectively, over the past three years alone. That run has culminated in Synopsys' recently announcement intension to acquire design a ...

Synopsys (SNPS) closed the most recent trading day at $540.46, moving -1.54% from the previous trading session. This change lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq added 0.36%.Prior to today's trading, shares of the maker of software used to test and develop chips had gained 5.51% over the past month. This has outpaced the Computer and Technology sector's gain of 4.29% and the S&P 500's gain of 2.4% in that time.Analysts and investors alike will b ...

Synopsys (SNPS) closed the most recent trading day at $548.90, moving +1.33% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.29%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw an increase of 0.43%.Coming into today, shares of the maker of software used to test and develop chips had gained 3.29% in the past month. In that same time, the Computer and Technology sector gained 3.67%, while the S&P 500 gained 2.08%.In ...

Synopsys (SNPS) put all speculations to rest on Tuesday by announcing a definitive agreement to acquire the engineering simulation software company ANSYS (ANSS) in a deal valued at $35 billion. The agreement involves a cash and stock transaction, with ANSYS shareholders receiving $197.00 in cash and 0.3450 shares of Synopsys common stock for each ANSYS share.The cash and stock transaction signifies an implied per-share consideration of $390.19, representing a generous 29% premium over ANSYS's closing stock ...

Synopsys (SNPS) shares rallied 3.1% in the last trading session to close at $509.68. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.7% loss over the past four weeks.The upswing came after Synopsys announced that it has entered into a definitive agreement to acquire ANSYS Inc. in a deal worth $35 billion. The combination will create a formidable entity in chip design and simulation software. The acquisitio ...

SAN DIEGO, Jan. 16, 2024 /PRNewswire/ -- Endura Technologies, a pioneer in advanced power delivery solutions for System on Chip (SoC) applications, announces a significant transformation in its leadership team, positioning the company for accelerated growth and innovation in the dynamically evolving SoC power delivery landscape. Michael Sanie, a seasoned leader in go-to-market and business strategy, and a veteran of the semiconductor industry, joins as Chief Executive Officer. Faraj Aalaei, former CEO and C ...

Synopsys (NASDAQ:SNPS) stock is heading higher on Tuesday following news of a massive deal with Ansys (NASDAQ:ANSS).This deal will see the two companies combine to create a leader in the silicone to systems design solutions space. That will have Synopsys spending $35 billion to acquire Ansys.Synopsys will use a mix of cash and stock to acquire Ansys. The company will pay $197 and .3450 shares of SNPS stock for each share of ANSS stock. This represents a value of $390.19 per share based on closing prices on ...