Synopsys (SNPS) announced its most recent quarterly financial results on Wednesday, Nov-30-2016. SNPS reported $0.77 EPS for the quarter. Analysts had a consensus estimate of $0.77. The company posted revenue of $633.70 million in the period, compared to analysts expectations of $628.39 million. SNPS’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Many Wall Street Analysts have commented on Synopsys. Credit Suisse Initiated Synopsys on Oct 19, 2016 to “Outperform”, Price Target of the shares are set at $68.
Synopsys closed down -0.13 points or -0.21% at $61.17 with 7,95,346 shares getting traded on Tuesday. Post opening the session at $61.17, the shares hit an intraday low of $61 and an intraday high of $61.47 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 13, 2016, Alfred Castino (director) sold 10,000 shares at $58.44 per share price. According to the SEC, on Sep 1, 2016, Brian M Beattie (EVP, Business Ops. & CAO) sold 63,125 shares at $59.19 per share price. On Aug 24, 2016, John F Jr Runkel (General Counsel &) sold 10,000 shares at $58.87 per share price, according to the Form-4 filing with the securities and exchange commission.
Synopsys Inc. provides software intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits also known as chips. It also offers IP products which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves. It provides software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. It provides technical services to support its solutions and help its customers develop chips and electronic systems. It is also a provider of software tools that developers use to develop software code in a range of industries including electronics financial services energy and industrials. It offers products and services in four categories: core EDA; IP Systems and Software Integrity; Manufacturing Solutions and Professional Services and Other.