Mentor Graphics Corp (MENT) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. MENT said it had a profit of $0.50 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.42. The company posted revenue of $322.50 million in the period, compared to analysts expectations of $309.50 million. MENT’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.
Many Wall Street Analysts have commented on Mentor Graphics Corp. Mentor Graphics Corp was Initiated by Credit Suisse to “Outperform” on Oct 19, 2016.
Mentor Graphics Corp opened for trading at $36.46 and hit $36.57 on the upside on Monday, eventually ending the session at $36.49, with a gain of 0.08% or 0.03 points. The heightened volatility saw the trading volume jump to 67,90,988 shares. Company has a market cap of $3,996 M.
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.