Synopsys (SNPS) Set to Announce Quarterly Earnings on Wednesday

Synopsys (NASDAQ:SNPS) is set to issue its quarterly earnings data after the market closes on Wednesday, December 5th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Shares of NASDAQ:SNPS opened at $92.90 on Tuesday. Synopsys has a 12-month low of $80.13 and a 12-month high of $103.40. The company has a market cap of $13.66 billion, a PE ratio of 105.57, a PEG ratio of 3.61 and a beta of 1.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.70 and a quick ratio of 0.70.

SNPS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on Synopsys to $98.00 and gave the stock an “underweight” rating in a report on Thursday, August 23rd. KeyCorp boosted their price target on Synopsys from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $105.00 price target (up from $100.00) on shares of Synopsys in a research note on Thursday, August 23rd. DA Davidson boosted their price target on Synopsys to $110.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Finally, BidaskClub upgraded Synopsys from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $106.86.

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Synopsys Company Profile

Synopsys, Inc provides electronic design automation (EDA) software products used to design and test integrated circuits (ICs). It offers Galaxy Design platform that offers IC design solutions; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.

Further Reading: Why do company’s buyback their stock?

Earnings History for Synopsys (NASDAQ:SNPS)

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