Summit Research Raises Price Target on Synopsys (SNPS) to $54 Following 3Q15 Results
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Go back to Summit Research Raises Price Target on Synopsys (SNPS) to $54 Following 3Q15 Results
August 20, 2015 7:37 AM EDT
(Updated - August 20, 2015 7:38 AM EDT)
RBC Capital reiterated an Outperform rating on Synopsys (NASDAQ: SNPS), and raised the price target to $56.00 (from $55.00), following the company's 3Q15 earnings results. SNPS reported revenue of $556M compared to consensus' $555M and Company guidance $550-560M. EPS was... More
August 19, 2015 5:22 PM EDT
Market wrap for August 19th
End of the Day: S&P 500 down 17.3 to 2,079.61; Dow Jones down 162.6 to 17,348.73; Nasdaq down 40.3 to 5,019.05
Market Brief: The FOMC released minutes from its July meeting today. In part, most officals want to maintain the Fed's large balance sheet and most saw conditions nearing for a rate hike. The uncertainty initially sent markets higher, though gains were pared as the afternoon wore on. For the full minutes,... More
August 19, 2015 4:10 PM EDT
Synopsys (NASDAQ: SNPS) reported Q3 EPS of $0.63, $0.04 better than the analyst estimate of $0.59. Revenue for the quarter came in at $555.8 million versus the consensus estimate of $555.4 million.
Synopsys sees Q4 2015 EPS of $0.65-$0.67, versus the consensus of $0.70. Synopsys sees Q4 2015 revenue of $570-585 million,... More
