Synopsys (SNPS) Set to Announce Quarterly Earnings on Wednesday
Synopsys (NASDAQ:SNPS) is scheduled to post its Q214 quarterly earnings results on Wednesday, May 21st. Analysts expect Synopsys to post earnings of $0.60 per share and revenue of $512.15 million for the quarter.
Synopsys (NASDAQ:SNPS) opened at 38.12 on Tuesday. Synopsys has a 52-week low of $34.55 and a 52-week high of $41.62. The stock has a 50-day moving average of $37.61 and a 200-day moving average of $38.70. The company has a market cap of $5.874 billion and a P/E ratio of 24.20.
A number of research firms have recently commented on SNPS. Analysts at Zacks reiterated a “neutral” rating on shares of Synopsys in a research note on Tuesday, February 25th. They now have a $42.00 price target on the stock. On a related note, analysts at RBC Capital raised their price target on shares of Synopsys from $44.00 to $46.00 in a research note on Thursday, February 20th. Finally, analysts at Needham & Company LLC raised their price target on shares of Synopsys from $40.00 to $45.00 in a research note on Thursday, February 20th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.25.
Synopsys, Inc is engaged in providing technology solutions used to develop electronics and electronic systems.
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