Synopsys Posts Financial Results for Fourth Quarter and Fiscal Year 2020

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Go back to Synopsys Posts Financial Results for Fourth Quarter and Fiscal Year 2020

Synopsys (SNPS) PT Raised to $240 at Needham & Company

December 3, 2020 7:16 AM EST

Needham & Company analyst Richard Valera raised the price target on Synopsys (NASDAQ: SNPS) to $240.00 (from $215.00) while maintaining a Buy rating.

The analyst commented, "SNPS closed out F20 on a strong note, beating on the top and bottom line, while building meaningful backlog... More

UPDATE: Synopsys (SNPS) Tops Q4 EPS by 1c; Offers FY21 EPS/Revenue Guidance Above Consensus, 1Q EPS Views Above Consensus, 1Q Revs Below Consensus

December 2, 2020 4:09 PM EST

(Updated - December 2, 2020 4:10 PM EST)

Synopsys (NASDAQ: SNPS) reported Q4 EPS of $1.58, $0.01 better than the analyst estimate of $1.57. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.03 billion.

Q4 FY 2020 Financial Highlights

Revenue: $1.025 billionGAAP earnings per share: $1.26Non-GAAP earnings per share: $1.58

FY 2020 Financial Highlights

Revenue: $3.685... More