Why Is Synopsys (SNPS) Down 6.3% Since Last Earnings Report?

A month has gone by since the last earnings report for Synopsys (SNPS) . Shares have lost about 6.3% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Synopsys due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Synopsys Q4 Earnings and Revenues Beat EstimatesSynopsys ...