Synopsys(US:SNPS) Globenewswire·2025-12-17 03:47Core Viewpoint - A class action securities lawsuit has been filed against Synopsys, Inc. due to alleged securities fraud affecting investors between December 4, 2024, and September 9, 2025 [1][2]. Financial Performance - Synopsys reported 3Q2025 financial results with quarterly revenue of $1.740 billion, which was below the prior guidance of $1.755 billion to $1.785 billion [4]. - The net income for the quarter was $242.5 million, representing a 43% decline from $425.9 million reported in 3Q2024 [4]. - The Design IP segment contributed approximately 25% of total revenue, amounting to $426.6 million, which is a 7.7% year-over-year decline [4]. - Guidance indicated that Design IP revenues are expected to decline by at least 5% for the full fiscal year 2025 [4]. Stock Market Reaction - Following the announcement of the financial results, Synopsys' share price dropped by $216.59, or 35.8%, closing at $387.78 per share on September 10, 2025, with unusually high trading volume [4]. Legal Proceedings - The initial case filed is Kim v. Synopsis, Inc., et al., No. 25-cv-09410, with a subsequent case, New England Teamsters Pension Fund v. Synopsis, Inc., et al., No. 25-cv-10201, expanding the class period [5]. - Investors who suffered losses during the relevant timeframe have until December 30, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [5]. About the Law Firm - Kahn Swick & Foti, LLC is a prominent boutique securities litigation law firm, ranked among the top 10 firms nationally based on total settlement value [6].