Why Synopsys Stock Popped Today
Shares of Synopsys (NASDAQ: SNPS) are up 7.1% as of 3:45 p.m. ET Thursday after the electronic design automation specialist announced stronger-than-expected quarterly results and impressive guidance.
For its fiscal first quarter 2024 (ended Jan. 31, 2024), Synopsys' revenue grew 21.2% year over year to $1.649 billion, translating into adjusted (non-GAAP) net income of $553.7 million, or $3.56 per share. Analysts, on average, were looking for earnings of $3.41 per share on sales of $1.64 billion.
Synopsys CEO Sassine Ghazi called it "an excellent start to the year with strong execution across the company as AI continues to drive our customers' investments in silicon and systems that position them for future growth."
Source Fool.com
Synopsys Inc. Aktie
337,50 €
4,49 %
Klares Buy-Übergewicht bei der Synopsys Inc. Aktie mit 30 zu 3 Einschätzungen.
Ein Kursziel von 502 € für Synopsys Inc. würde eine Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 337.5 € bedeuten.
