|Bid||0.00 x 1100|
|Ask||565.00 x 1000|
|Day's Range||549.38 - 557.00|
|52 Week Range||312.25 - 557.00|
|Beta (5Y Monthly)||1.08|
|PE Ratio (TTM)||82.70|
|Earnings Date||Feb 13, 2024 - Feb 19, 2024|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||523.86|
The headline numbers for Synopsys (SNPS) give insight into how the company performed in the quarter ended October 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Revenue Climbs to $5.843 Billion, GAAP Net Income Rises to $1.230 Billion
(Reuters) -Synopsys on Wednesday forecast first-quarter revenue above Wall Street expectations, as artificial intelligence (AI) adoption boosted demand for the company's chip designing software. Synopsys forecast current-quarter revenue between $1.63 billion and $1.66 billion, above analysts' average estimate of $1.60 billion. The growing need for faster and more efficient chips that are AI compatible has increased the market prominence for electronic design automation (EDA) firms like Synopsys and Cadence Design System, which provide software and intellectual property for designing chips.