Synopsys (SNPS) to Release Quarterly Earnings on Wednesday
Synopsys (NASDAQ:SNPS) is set to announce its Q314 earnings results on Wednesday, August 20th. Analysts expect the company to announce earnings of $0.60 per share and revenue of $521.00 million for the quarter.
Shares of Synopsys (NASDAQ:SNPS) opened at 39.02 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 $38.71 and a 200-day moving average of $38.81. The company has a market cap of $6.038 billion and a price-to-earnings ratio of 25.50.
On the ratings front, analysts at DA Davidson cut their price target on shares of Synopsys from $47.00 to $46.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.40.
Synopsys, Inc is engaged in providing technology solutions used to develop electronics and electronic systems.
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