Here is how Synopsys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Synopsys (SNPS) reported $1.45 billion in revenue for the quarter ended April 2024, representing a year-over- year increase of 4.3%. EPS of $3.00 for the same period compares to $2.54 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.51 billion, representing a surprise of -3.83%. The company delivered an EPS surprise of -0.99%, with th ...

Synopsys (SNPS) came out with quarterly earnings of $3 per share, missing the Zacks Consensus Estimate of $3.03 per share. This compares to earnings of $2.54 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of -0.99%. A quarter ago, it was expected that this maker of software used to test and develop chips would post earnings of $3.43 per share when it actually produced earnings of $3.56, delivering a surprise of 3.79%. Over the ...

EXHIBIT 99.1 PRESS RELEASE INVESTOR CONTACT: Trey Campbell Synopsys, Inc. 650-584-4289 Synopsys-ir@synopsys.com EDITORIAL CONTACT: Cara Walker Synopsys, Inc. 650-584-5000 corp-pr@synopsys.com Synopsys Posts Financial Results for Second Quarter Fiscal Year 2024 Results Summary1 SUNNYVALE, Calif. – May 22, 2024 – Synopsys, Inc. (Nasdaq: SNPS) today reported results for its second quarter of fiscal year 2024. Revenue for the second quarter of fiscal year 2024 was $1.455 billion, compared to $1.263 billion for ...

Results Summary1 SUNNYVALE, Calif., May 22, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today reported results for its second quarter of fiscal year 2024. Revenue for the second quarter of fiscal year 2024 was $1.455 billion, compared to $1.263 billion for the second quarter of fiscal year 2023. Synopsys headquarters in Sunnyvale, Calif. (PRNewsfoto/Synopsys, Inc.)Synopsys headquarters in Sunnyvale, Calif. (PRNewsfoto/Synopsys, Inc.) "We continued our strong operational execution and business momentu ...

Represents Key Milestone Toward Completion of Transaction with Synopsys PITTSBURGH, May 22, 2024 /PRNewswire/ -- ANSYS, Inc. (NASDAQ: ANSS) announced that at the special meeting of stockholders (the "Special Meeting") held earlier today, its stockholders voted to approve the proposed acquisition of Ansys by Synopsys, Inc. (NASDAQ: SNPS). Under the terms of the merger agreement, Ansys stockholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share they own, represent ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell- side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Synopsys (SNPS) . Synopsys currently has an average brokerage recommenda ...

Synopsys, Inc. (SNPS) is slated to report second-quarter fiscal 2024 results on May 22 after market close.The company anticipates revenues between $1.56 billion and $1.59 billion for the fiscal second quarter. The Zacks Consensus Estimate is pegged at $1.51 billion, which suggests growth of 8.4% from the year-ago period's reported figure.Synopsys expects non-GAAP earnings per share between $3.09 and $3.14. The Zacks Consensus Estimate of $3.03 per share indicates year-over-year growth of 19.3%.The software ...

In its upcoming report, Synopsys (SNPS) is predicted by Wall Street analysts to post quarterly earnings of $3.03 per share, reflecting an increase of 19.3% compared to the same period last year. Revenues are forecasted to be $1.51 billion, representing a year-over-year increase of 8.4%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Pr ...

More than half (54%) of organizations surveyed suffered a software supply chain attack in the past year, according to a new report from Synopsys Software Integrity Group and Ponemon Institute SUNNYVALE, Calif., May 16, 2024 /PRNewswire/ -- The majority of global organizations (54%) suffered a software supply chain attack over the past year, and most are unable to keep up with the growing risk landscape. This is according to "The State of Software Supply Chain Security Risk" report, released today by Synopsy ...

The market expects Synopsys (SNPS) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 22, 2024, might help the stock move higher if these key numbers are better ...