Synopsys Completes Acquisitions of Cigital and Codiscope

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Needham & Company Raises Price Target on Synopsys (SNPS) Following 4Q

December 1, 2016 7:18 AM EST

Needham & Company reiterated a Buy rating on Synopsys (NASDAQ: SNPS), and raised the price target to $66.00 (from $60.00), following the company's 4Q earnings report. Results, including revenue of $633.7MM and NG EPS of $0.77, exceeded consensus of $628.4MM and $0.75, respectively. SNPS provided initial F17 guidance... More