Synopsys, Inc. (SNPS)
After hours:
| Previous Close | 536.94 |
| Open | 539.75 |
| Bid | 544.97 x 100 |
| Ask | 545.45 x 100 |
| Day's Range | 537.02 - 546.61 |
| 52 Week Range | 365.46 - 629.38 |
| Volume | |
| Avg. Volume | 1,038,725 |
| Market Cap | 83.219B |
| Beta (5Y Monthly) | 1.05 |
| PE Ratio (TTM) | 60.15 |
| EPS (TTM) | 9.07 |
| Earnings Date | May 22, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 642.05 |
Barrons.comSynopsys Sells Software-Testing Unit for More Than $2 Billion
The semiconductor-design software provider Synopsys is selling its software -integrity unit to two private-equity companies, potentially boosting its cash profile. Clearlake Capital and Francisco Partners are buying Synopsys’ security-testing software business for $2.1 billion, including up to $475 million in cash payable when certain conditions are met. Synopsys stock was trading flat after the announcement.
BloombergSynopsys to Sell Unit for as Much as $2.1 Billion to Private Equity Firms
(Bloomberg) -- Chip-design company Synopsys Inc. is selling its software integrity business to two private equity firms for as much as $2.1 billion in cash.Most Read from BloombergIsrael Rejects a Cease-Fire Plan for Gaza Embraced by HamasAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’Clearlake Cap
ReutersSynopsys sells software integrity unit for $2.1 billion to PE group
Reuters reported last week that the group had outbid competitors and was in advanced discussions to purchase the SIG unit, which offers application security testing for software developers. Synopsys CEO Sassine Ghazi said the move sharpened the company's focus on its core chip design business and would help capitalize on the "AI-driven era." Synopsys announced plans in late 2023 to divest its SIG unit.
