Synopsys upgraded by BofA Securities with a new price target
$SNPS
Computer Software: Prepackaged Software
Technology
BofA Securities upgraded Synopsys from Neutral to Buy and set a new price target of $410.00
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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 |
8-K - SYNOPSYS INC (0000883241) (Filer)
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SC 13G/A - SYNOPSYS INC (0000883241) (Subject)
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4 - SYNOPSYS INC (0000883241) (Issuer)
Results Summary Quarterly revenue of $1.455 billion, exceeding midpoint of guidance.Quarterly GAAP earnings per diluted share of $1.89; non-GAAP earnings per diluted share of $3.03, exceeding guidance.Reaffirming full-year 2025 guidance.SUNNYVALE, Calif., Feb. 26, 2025 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today reported results for its first quarter of fiscal year 2025. Revenue for the first quarter of fiscal year 2025 was $1.455 billion, compared to $1.511 billion for the first quarter of fiscal year 2024. "In Q1, Synopsys' relentless focus on execution and innovatio
SUNNYVALE, Calif., Jan. 27, 2025 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced it will report results for the first quarter fiscal year 2025 on Wednesday, February 26, 2025, 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 available on
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
Two-Day Conference will Examine Future of AI and Intelligent Systems; Join Keynotes from Synopsys CEO and OpenAI Head of Hardware Via Livestream SUNNYVALE, Calif., March 12, 2025 /PRNewswire/ -- Synopsys Inc. (Nasdaq: SNPS) will host its annual flagship user group conference, SNUG Silicon Valley, March 19-20, 2025, at the Santa Clara Convention Center. This year, the first day of SNUG will also feature an inaugural, invite-only Synopsys Executive Forum. Synopsys president and CEO Sassine Ghazi will kick off the event with a keynote presentation exploring opportunities to address current and future engineering challenges in the era of pervasive intelligence. Ghazi's keynote will feature a spe
Joint Solution to Drive Adoption of "Shift-Left" Software Development Methodologies with the Integration of Synopsys' Electronics Digital Twin Capabilities and Vector's Software Factory Highlights: New automated cloud-ready solutions to enable customers to dramatically accelerate software development and validation.The companies are teaming up to increase the impact of the open-source library, SIL Kit, an essential part of electronics digital twins.The integration of Vector's MICROSAR embedded software and CANoe, with Synopsys' Silver and Virtualizer to simplify software factory workflows and increase engineering productivity for OEMs and Tier1s.SUNNYVALE, Calif. and STUTTGART, Germany, Marc
End-to-End Virtual Prototyping Workflows Enable Faster Software Development and Time to Market for Automotive, HPC and IoT Systems Highlights Delivers accelerated Virtualizer performance with native execution of software workloads on Arm servers Complete Virtualizer suite supported on Arm server hardware in the cloud or on-premise for modeling, simulation, debug, and analysisLeverages more than two decades of Synopsys leadership in virtual prototyping, supporting seamless scaling of existing virtual prototypes, full support of Synopsys' leading interface IP, and access to Synopsys' extensive standards-based model ecosystemFull integration with Synopsys' hardware-assisted verification (HAV) s
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
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