Mentor Graphics Corp (MENT) reported quarterly earnings results on Thursday, May-19-2016. The company said it had a profit of $0.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.00. The company posted revenue of $227.60 million in the period, compared to analysts expectations of $219.80 million. The company’s revenue was down -16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on Mentor Graphics Corp. Company shares were Upgraded by DA Davidson on Feb 22, 2016 to ” Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $20 .
Mentor Graphics Corp opened for trading at $19.73 and hit $20.1 on the upside on Monday, eventually ending the session at $19.95, with a gain of 1.37% or 0.27 points. The heightened volatility saw the trading volume jump to 12,34,732 shares. Company has a market cap of $2,133 M.
In a different news, on Jan 8, 2016, Patrick Mcmanus (director) purchased 2,000 shares at $17.13 per share price. According to the SEC, on Dec 10, 2015, Dean Freed (Vice President) purchased 4,000 shares at $17.47 per share price. On Dec 7, 2015, J Daniel Mccranie (director) purchased 10,000 shares at $17.60 per share price, according to the Form-4 filing with the securities and exchange commission.
Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools – computer software and emulation hardware systems used to automate the design analysis and testing of complex electro-mechanical systems electronic hardware and embedded systems software in electronic systems and components. The Company’s products are used in the design and development of a diverse set of electronic products including automotive electronics computers and workstations digital cameras cellular telephones medical devices smart phones industrial electronics and manufacturing systems. The Company segregated revenues into five categories of similar products and services: Scalable Verification IC Design to Silicon Integrated System Design New and Emerging Products and Services and Other.