Synopsys Posts Financial Results for First Quarter Fiscal Year 2017
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February 16, 2017 7:46 AM EST
RBC Capital Markets analyst Mitch Stevens reiterates Outperform rating and raises price target on Synopsys Inc. (NASDAQ: SPNS) to $77 (from $66), suggesting investments are paying off and margin growth continues, as the company reported results ahead of expectations.
Stevens comments, "Synopsys reported a... More
February 16, 2017 5:59 AM EST
Needham & Company analyst Richard Valera reiterates Buy rating and raises price target on Synopsys Inc. (NASDAQ: SNPS) to $76 (from $66), as the company reported 2017 fiscal first quarter EPS and revenues well above consensus, while offering strong fiscal second quarter guidance.
Valera notes, "SNPS... More
February 15, 2017 4:12 PM EST
Synopsys (NASDAQ: SNPS) reported Q1 EPS of $0.94, $0.16 better than the analyst estimate of $0.78. Revenue for the quarter came in at $652.8 million versus the consensus estimate of $637.73 million.
GUIDANCE:
Synopsys sees Q2 2017 EPS of $0.85-$0.88, versus the consensus of $0.77. Synopsys sees Q2... More
