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

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

Synopsys Posts Financial Results for Fourth Quarter and Fiscal Year 2016

November 30, 2016 4:05 PM EST

MOUNTAIN VIEW, Calif., Nov. 30, 2016 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today reported results for its fourth quarter and fiscal year 2016.

For the fourth quarter of fiscal 2016, Synopsys reported revenue of $633.7 million, compared to $587.2 million for the fourth quarter of fiscal 2015. Revenue for fiscal year 2016 was $2.42 billion, an increase of 8.0 percent from $2.24 billion in fiscal year 2015.  

"Synopsys reported a strong fourth quarter finish to an outstanding fiscal year 2016, in the context of a challenging semiconductor landscape.  We enter 2017 with a solid technical and economic foundation," said Aart... More

Synopsys Completes Acquisitions of Cigital and Codiscope

November 30, 2016 4:04 PM EST

MOUNTAIN VIEW, Calif., Nov. 30, 2016 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) has completed its acquisitions of Cigital, a privately held provider of software security managed and professional services, and Codiscope, a 2015 spinoff of Cigital and provider of complementary security tools. Cigital is a large, global application security firm specializing in professional and managed services for identifying, remediating and preventing vulnerabilities in software applications. Codiscope has transformed the tools and intellectual property created by Cigital into a suite of accessible and streamlined products for a broad population of developers.  

The... More