Synopsys Posts Financial Results for Third Quarter Fiscal Year 2016

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Go back to Synopsys Posts Financial Results for Third Quarter Fiscal Year 2016

Needham & Company Raises Price Target on Synopsys (SNPS) to $60 Following 3Q

August 18, 2016 8:18 AM EDT

Needham & Company reiterated a Buy rating on Synopsys (NASDAQ: SNPS), and raised the price target to $60.00 (from $54.00), following the company's 3Q earnings report. SNPS reported revenue of $615.2MM and NG EPS of $0.76, exceeding the consensus of $603.1MM and $0.75, respectively.

Analyst Richard Valera... More

Synopsys (SNPS) Tops Q3 EPS by 2c

August 17, 2016 4:11 PM EDT

Synopsys (NASDAQ: SNPS) reported Q3 EPS of $0.76, $0.02 better than the analyst estimate of $0.74. Revenue for the quarter came in at $615.2 million versus the consensus estimate of $602.89 million.

GUIDANCE:

Synopsys sees Q4 2016 EPS of $0.75-$0.78, versus the consensus of $0.75. Synopsys sees Q4... More