Synopsys has received conditional approval from the European Commission for its $34 billion acquisition of Ansys, marking a significant step forward in the regulatory process. The approval comes after Synopsys and Ansys offered structural remedies to address competition concerns, including divesting certain overlapping software assets. The European Commission's antitrust chief, Teresa Ribera, noted that the
Synopsys, Inc. (SNPS) saw a modest increase in its stock price on December 6, 2024, closing at $517.28, up 0.39% from the previous day's close of $515.29. The stock opened at $518.85 and reached a high of $529.80 before settling down, with a significant trading volume of 2,334,137 shares, more than double its average. The uptick in Synopsys' stock can be attributed to the positive momentum in the semiconduc
Synopsys, Inc. (SNPS) shares are experiencing an uptick today, likely driven by a combination of factors. While there is no specific news directly related to Synopsys within the last 24 hours, the broader semiconductor industry is seeing positive momentum. Recent reports indicate that global chip sales reached a record $56.9 billion in October, marking a 22% increase compared to the same month last year. Ad
Synopsys, Inc. (SNPS) experienced a significant drop today, attributed to investor disappointment over its guidance for the upcoming quarter. Despite reporting record earnings, the company's guidance was clouded by an extra work week in Q1 2024 that will not recur in Q1 2025, leading to confusion and a perceived miss. The market's reaction seems to overlook the company's strong performance in design wins an
Synopsys, Inc. (SNPS) saw its stock plummet by 12.37% on December 5, 2024, closing at $515.29, a significant drop from the previous close of $588.00. The stock opened at $544.52 and reached a high of $558.83 before declining sharply, with trading volume surging to 5,032,507 shares, over five times the average. The decline was primarily driven by the company's fiscal 2025 guidance, which fell short of market
Synopsys, Inc. (SNPS) shares are experiencing a significant decline today following the company's release of its fiscal fourth-quarter results and guidance for fiscal year 2025. Despite reporting strong quarterly results with revenue of $1.64 billion, up 11% year-over-year, and non-GAAP earnings per share (EPS) of $3.40, which exceeded expectations, the company's outlook for the next fiscal year disappointe
Synopsys Inc. has seen its stock slide following the release of a weaker-than-expected first-quarter forecast. Despite reporting a 15% increase in revenue for the fiscal year 2024, reaching $6.13 billion, and a 25% rise in non-GAAP earnings per share to $13.20, the company's outlook for the upcoming fiscal year has raised concerns among investors. The company anticipates revenue growth of 10.1% to 11.1% for