Needham & Company Reiterates a 'Buy' on Synopsys (SNPS); Strong 1QF12 Results; F2012 Guidance Increased Ex-LAVA
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Price: $510.71 -1.73%
Rating Summary:
23 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
23 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Needham & Company reiterates a 'Buy' on Synopsys (NASDAQ: SNPS) price target raised from $33 to $36.
Analyst, Richard Valera, said, "SNPS delivered strong 1QF12 results and offered a bullish view of the current state of the EDA industry, consistent with what we saw from Cadence (Nasdaq: CDNS)(Buy) last month and what we expect from Mentor (Nasdaq: MENT)(Buy) next week. The company also closed on its acquisition of LAVA, which although we believe could be underwhelming in terms of near-term accretion, we think does offer the company long-term value."
"Our F12 estimates increase to $1.66B and $2.02 from $1.65B and $1.97NG EPS. Our F13 estimates increase to$1.76B/$2.21 from $1.75B/$2.17."
For an analyst ratings summary and ratings history on Synopsys click here. For more ratings news on Synopsys click here.
Shares of Synopsys closed at $30.63 yesterday.
Analyst, Richard Valera, said, "SNPS delivered strong 1QF12 results and offered a bullish view of the current state of the EDA industry, consistent with what we saw from Cadence (Nasdaq: CDNS)(Buy) last month and what we expect from Mentor (Nasdaq: MENT)(Buy) next week. The company also closed on its acquisition of LAVA, which although we believe could be underwhelming in terms of near-term accretion, we think does offer the company long-term value."
"Our F12 estimates increase to $1.66B and $2.02 from $1.65B and $1.97NG EPS. Our F13 estimates increase to$1.76B/$2.21 from $1.75B/$2.17."
For an analyst ratings summary and ratings history on Synopsys click here. For more ratings news on Synopsys click here.
Shares of Synopsys closed at $30.63 yesterday.
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