Key Points The problems in its business primarily relate to the smaller of its business segments. Investors remain relatively bullish over its long-term growth prospects, which include the recent Ansys acquisition. 10 stocks we like better than Synopsys › Electronic design automation (EDA) and engineering simulation software company Synopsys (NASDAQ: SNPS) recently released a disappointing set of third-quarter earnings, resulting in a collapse in its share price. As ever, Wall Street analysts immed ...

This story was originally published on Construction Dive. To receive daily news and insights, subscribe to our free daily Construction Dive newsletter. Procore, the practically ubiquitous contech giant, has announced a successor for founder and CEO Tooey Courtemanche, according to a Monday news release. Courtemanche is stepping down from the role in November. The Carpinteria, California-based company tapped Ajei Gopal, a tech executive with 35 years of experience, as the CEO designate. Gopal’s anticipated ...

Core Viewpoint - Synopsys (NASDAQ: SNPS) experienced a significant stock decline of over 35% following its third-quarter earnings release, prompting Ark Invest to purchase nearly 16,000 shares, indicating confidence in the company's long-term growth potential driven by AI and custom chip development [2][3]. Growth Potential - The increasing demand for AI-powered products and custom chip development presents substantial growth opportunities for Synopsys, which is a leader in electronic design automation (EDA) used by semiconductor and electronics companies [2][3]. - As various industries, including technology, automotive, medical, industrial, aerospace, and defense, begin to design chips in-house, Synopsys has an organic growth opportunity that is further enhanced by a recent acquisition [4]. Acquisition of Ansys - The acquisition of Ansys, an engineering simulation and analysis software company, is expected to accelerate Synopsys' growth by broadening its customer base beyond its traditional semiconductor clients [5]. - This acquisition will enable Synopsys to offer a "silicon-to-systems" solution, combining EDA tools for chip design with simulation software for modeling AI-infused products [6]. - Despite facing near-term challenges in its design IP business, the Ansys acquisition has the potential to significantly enhance Synopsys' earnings potential in the long run [7].