Mentor Graphics Corp (MENT) is Initiated by Credit Suisse to Outperform

Mentor Graphics Corp (MENT) was Initiated by Credit Suisse to “Outperform”. Credit Suisse advised their investors in a research report released on Oct 19, 2016.

On the company’s financial health, Mentor Graphics Corp reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.09. The company had revenue of $254.34 million for the quarter, compared to analysts expectations of $245.17 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.

Mentor Graphics Corp closed down -0.4 points or -1.43% at $27.52 with 18,73,251 shares getting traded on Friday. Post opening the session at $28.54, the shares hit an intraday low of $27.42 and an intraday high of $28.54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 21, 2016, Keith Barnes (director) sold 2,982 shares at $21.79 per share price. According to the SEC, on Jun 1, 2016, Gregory K Hinckley (President) sold 32,396 shares at $21.37 per share price. On Jan 8, 2016, Patrick Mcmanus (director) purchased 2,000 shares at $17.13 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.

Mentor Graphics Corp

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