Synopsys (SNPS) Set to Announce Earnings on Wednesday

Synopsys (NASDAQ:SNPS) is scheduled to announce its earnings results after the market closes on Wednesday, December 4th. Analysts expect the company to announce earnings of $3.29 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Synopsys Trading Up 2.0 %

Shares of NASDAQ SNPS opened at $558.49 on Monday. The company has a market cap of $85.79 billion, a price-to-earnings ratio of 57.93, a PEG ratio of 3.41 and a beta of 1.08. Synopsys has a 12 month low of $457.52 and a 12 month high of $629.38. The stock has a 50-day moving average price of $525.83 and a two-hundred day moving average price of $545.39.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SNPS. Robert W. Baird increased their price objective on shares of Synopsys from $661.00 to $663.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Piper Sandler reduced their price objective on Synopsys from $687.00 to $670.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company initiated coverage on Synopsys in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $570.00 target price for the company. Mizuho began coverage on Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $635.00 target price on shares of Synopsys in a research report on Friday, August 23rd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $653.80.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers 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.