Synopsys, Inc. (SNPS) to Release Quarterly Earnings on Tuesday
Synopsys, Inc. (NASDAQ:SNPS) will issue its quarterly earnings data after the market closes on Tuesday, November 28th. Analysts expect the company to announce earnings of $0.57 per share for the quarter.
Synopsys, Inc. (SNPS) opened at $90.15 on Monday. The firm has a market capitalization of $13,540.00, a P/E ratio of 36.20, a price-to-earnings-growth ratio of 4.10 and a beta of 1.00. Synopsys, Inc. has a fifty-two week low of $56.03 and a fifty-two week high of $90.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07.
A number of brokerages have issued reports on SNPS. Royal Bank Of Canada raised Synopsys from an “outperform” rating to a “top pick” rating and upped their target price for the company from $90.00 to $100.00 in a research report on Wednesday, October 25th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Synopsys in a research report on Thursday, August 31st. BidaskClub raised Synopsys from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research lowered Synopsys from a “buy” rating to a “hold” rating in a research report on Thursday, September 21st. Finally, reaffirmed an “average” rating on shares of Synopsys in a research report on Thursday, September 14th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $86.50.
Synopsys Company Profile
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.
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