Piper Sandler initiated coverage on Synopsys with a new price target
$SNPS
Computer Software: Prepackaged Software
Technology
Piper Sandler initiated coverage of Synopsys with a rating of Overweight and set a new price target of $665.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/13/2025 | $600.00 | Buy | Redburn Atlantic |
| 11/22/2024 | $570.00 | Equal Weight | Wells Fargo |
| 11/12/2024 | $675.00 | Buy | Loop Capital |
| 10/22/2024 | $650.00 | Outperform | Mizuho |
| 10/15/2024 | $660.00 | Buy | Berenberg |
| 4/4/2024 | $665.00 | Overweight | Piper Sandler |
| 11/30/2023 | $500.00 → $660.00 | Buy | Needham |
| 11/10/2023 | $600.00 | Overweight | Morgan Stanley |
Redburn Atlantic initiated coverage of Synopsys with a rating of Buy and set a new price target of $600.00
Wells Fargo initiated coverage of Synopsys with a rating of Equal Weight and set a new price target of $570.00
Loop Capital initiated coverage of Synopsys with a rating of Buy and set a new price target of $675.00
Results Summary1 Record quarterly revenue of $1.636 billion, up approximately 11% year over year (YoY), exceeding the mid-point of guidance.Quarterly GAAP earnings per diluted share (EPS) of $1.79; non-GAAP EPS of $3.40, up approximately 13% YoY, exceeding guidance.Achieved record full-year 2024 revenue of $6.127 billion, up approximately 15% YoY, while improving non-GAAP operating margin and delivering approximately 25% non-GAAP EPS growth.Expecting to deliver double digit revenue growth in 2025 while preparing for Ansys acquisition close, which remains on-track for the first half of 2025.SUNNYVALE, Calif., Dec. 4, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today reported results f
SUNNYVALE, Calif., Oct. 29, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced it will report results for the fourth quarter and fiscal year 2024 on Wednesday, December 4, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook. Financial and other statistical information to be discussed on this conference call will be available on the corporate website at www.investor.synopsys.com immediately before the call. A live webcast will also be availabl
Results Summary1 Record quarterly revenue of $1.526 billion, up approximately 13% year over year.Quarterly GAAP earnings per diluted share of $2.73; non-GAAP earnings per diluted share of $3.43, up approximately 27% year over year and exceeding guidance.Expecting record full-year revenue with growth of approximately 15% driven by continued, strong execution and business momentum.SUNNYVALE, Calif., Aug. 21, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today reported results for its third quarter of fiscal year 2024. Revenue for the third quarter of fiscal year 2024 was $1.526 billion, compared to $1.354 billion for the third quarter of fiscal year 2023.
10-K - SYNOPSYS INC (0000883241) (Filer)
8-K - SYNOPSYS INC (0000883241) (Filer)
8-K - SYNOPSYS INC (0000883241) (Filer)
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4 - SYNOPSYS INC (0000883241) (Issuer)
4 - SYNOPSYS INC (0000883241) (Issuer)
The standalone application security company continues its mission to help organizations build trust in their software to support innovation and business transformation SANTA MONICA, Calif. and SAN FRANCISCO, Oct. 1, 2024 /PRNewswire/ -- Clearlake Capital Group ("Clearlake") and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software Integrity Group, establishing the newly independent application security company as Black Duck Software, Inc. ("Black Duck"). The transaction with Synopsys, Inc. (NASDAQ:SNPS), which was first announced on May 6, 2024, is valued at up to $2.1 billion, including up to $475 million in cash payable upon Clearlake and Fr
The standalone application security company continues its mission to help organizations build trust in their software to support innovation and business transformation Clearlake Capital Group ("Clearlake") and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software Integrity Group, establishing the newly independent application security company as Black Duck Software, Inc. ("Black Duck"). The transaction with Synopsys, Inc. (NASDAQ:SNPS), which was first announced on May 6, 2024, is valued at up to $2.1 billion, including up to $475 million in cash payable upon Clearlake and Francisco Partners achieving a specified rate of return in connection
Oversubscribed $70M round led by Maverick Capital increases SiMa.ai's total amount raised to $270M; funding will speed release of next generation AI/ML chip to power multimodal generative AI at the edge SiMa.ai, the software-centric, embedded edge machine learning system-on-chip company, today announced it has raised an additional $70M of funding led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Dell Technologies Capital, Lip-Bu Tan and others. SiMa.ai will utilize the $270M raised to date to continue meeting customer demand for edge AI/ML with its first-generation Machine Learning System-on-Chip (MLSoC) while acceleratin
SC 13G/A - SYNOPSYS INC (0000883241) (Subject)
SC 13G/A - SYNOPSYS INC (0000883241) (Subject)
SC 13G/A - SYNOPSYS INC (0000883241) (Subject)
SUNNYVALE, Calif., Jan. 10, 2025 /PRNewswire/ -- Today, Synopsys issued the following statement in response to the European Commission (EC) approving its proposed acquisition of Ansys in Phase 1: "We are very pleased that the EC has approved our pro-competitive transaction in Phase 1. Today's clearance decision follows the strong progress we have made toward gaining regulatory approval across various jurisdictions. Earlier this week, the UK CMA provisionally accepted our remedies toward a transaction approval in Phase 1. As previously communicated in our earnings call on Decem
SUNNYVALE, Calif., Jan. 8, 2025 /PRNewswire/ -- Today, Synopsys issued the following statement in response to the UK Competition and Markets Authority (CMA) provisionally accepting its proposed remedies in Phase 1 regarding its proposed acquisition of Ansys: "We are very pleased that today the CMA has taken the important step of provisionally accepting our proposed remedies in Phase 1 rather than referring the transaction to Phase 2. We will maintain our constructive and collaborative engagement with the CMA as it completes its process. Customers continue to express their over
/ Key Highlights Ansys PowerArtist is a comprehensive register-transfer-level (RTL) design-for-power platform used for early-stage power analysis and reduction of semiconductor designs, across a wide range of end industry applications.The tool will complement and broaden Keysight's existing design engineering software portfolio.The transaction is subject to customary closing conditions, including review by regulatory authorities, and the closing of Synopsys' proposed acquisition of Ansys, which is currently pending regulatory approvals and expected to close in the first half of 2025.PITTSBURGH and SUNNYVALE, Calif., Jan. 6, 2025 /PRNewswire/ -- Ansys (NASDAQ:ANSS) and Synopsys (NASDAQ: SNPS)
4 - SYNOPSYS INC (0000883241) (Issuer)