Mentor Graphics Corp (MENT) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Nov 28, 2016.
Many Wall Street Analysts have commented on Mentor Graphics Corp. Mentor Graphics Corp was Initiated by Credit Suisse to “Outperform” on Oct 19, 2016.
On the company’s financial health, Mentor Graphics Corp reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 22, 2016. Analyst had a consensus of $0.42. The company had revenue of $322.50 million for the quarter, compared to analysts expectations of $309.50 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Mentor Graphics Corp opened for trading at $36.53 and hit $36.7725 on the upside on Friday, eventually ending the session at $36.76, with a gain of 0.55% or 0.2 points. The heightened volatility saw the trading volume jump to 6,02,907 shares. Company has a market cap of $4,025 M.
Investors should note that on Nov 22, 2016, Mentor Graphics Corp announced a cash dividend of $0.0550. The company’s management has announced Dec 6, 2016 as the ex-dividend date and fixed the record date on Dec 8, 2016. The payable date has been fixed on Jan 3, 2017.
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.