ANSYS Inc. ($ANSS) Stock Forecast: Up 5.1% Today

What is ANSYS Inc.?

ANSYS Inc. (ANSS) is a company that develops and markets engineering simulation software. Market: The overall market for ANSYS Inc. has been bullish today.

Why is ANSYS Inc. going up?

ANSS stock is up 5.1% on Nov 7, 2024 20:26

• ANSYS Inc. (ANSS) has experienced a strong bullish movement today.
• The company's Q3 earnings and revenues have surpassed estimates, showing a significant rise year-over-year.
• The strong performance is attributed to solid multi-year lease growth and strong demand for its simulation solutions in key industries like automotive, aerospace, and high-tech verticals.
• Investors are optimistic about ANSS' future growth potential, with expectations of double-digit growth in ACV by 2024.

ANSS Price Chart

ANSS Technical Analysis

ANSS News

ANSYS' Q3 Earnings & Revenues Surpass Estimates, Rise Y/Y

ANSS' Q3 revenues are driven by strong solid multi-year lease growth. It expects 2024 ACV to grow in double-digits.

https://www.zacks.com/stock/news/2366187/ansys-q3-earnings-revenues-surpass-estimates-rise-yy

Ansys ( ANSS ) Tops Q3 Earnings and Revenue Estimates

Ansys (ANSS) delivered earnings and revenue surprises of 37.23% and 13.34%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2365593/ansys-anss-tops-q3-earnings-and-revenue-estimates

Ansys to Report Q3 Earnings: Here's What Investors Should Know

ANSS' Q3 performance is likely to have benefited from strong demand for its simulation solutions in the automotive, aerospace and high-tech verticals.

https://www.zacks.com/stock/news/2363144/ansys-to-report-q3-earnings-heres-what-investors-should-know

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ANSYS Inc. Price History

07.10.2024 - ANSS Stock was up 5.1%

• ANSYS Inc. (ANSS) has experienced a strong bullish movement today.
• The company's Q3 earnings and revenues have surpassed estimates, showing a significant rise year-over-year.
• The strong performance is attributed to solid multi-year lease growth and strong demand for its simulation solutions in key industries like automotive, aerospace, and high-tech verticals.
• Investors are optimistic about ANSS' future growth potential, with expectations of double-digit growth in ACV by 2024.

17.00.2024 - ANSS Stock was down 5.4%

• Ansys is being acquired by Synopsys for $35 billion, which has caused market uncertainty and a bearish movement in ANSS stock.
• The acquisition is aimed at meeting the increasing market demand for integrated offerings in semiconductor design simulation and analysis.
• Analysts have given a sell rating to both ANSS and Synopsys (SNPS), indicating concerns about the steep price paid for ANSYS and the impact on Synopsys' stock.
• The acquisition of Ansys by Synopsys could potentially become one of the largest in the tech sector since Broadcom's acquisition of VMware.

22.01.2024 - ANSS Stock was up 5.2%

• ANSS stock rose significantly for several reasons:
• Surprising Q4 sales surpassed market expectations.
• Increased profits for the quarter exceeded analyst estimates.
• The stock price surged on news of potential acquisition talks, reflecting investor optimism about the company's future growth prospects.

23.11.2023 - ANSS Stock was up 18.1%

• Synopsys, a software company, has expressed interest in acquiring Ansys, which has generated commercial appeal in the engineering space.
• The talks of a potential merger or acquisition between Synopsys and Ansys have caused a surge in Ansys' stock price.
• The market is optimistic about the potential deal, leading to the bullish movement in ANSS.

24.11.2023 - ANSS Stock was up 18.1%

• ANSS experienced a strong bullish movement today, with its stock soaring by 19%.
• The market movement can be attributed to the news of Synopsys, Inc. being in talks to acquire ANSYS, Inc. This potential acquisition has generated excitement and speculation about the creation of a significant design-software entity.
• The commercial appeal of ANSYS' software, widely used in various industries including design, has contributed to the positive market sentiment.
• The news of the potential merger between Synopsys and ANSYS has created optimism and fueled the bullish movement in ANSS stock.

24.04.2024 - ANSS Stock was up 0.1%

• The bullish movement in ANSS stock today can be attributed to the positive news surrounding its acquisition by Synopsys and the approval of the transaction by ANSYS stockholders. Here's a witty assessment of the market movement:
• The approval of the acquisition by Synopsys for approximately $35 billion has injected optimism into ANSS investors, signaling a potential strategic move for both companies in the competitive semiconductor industry.
• The market's reaction indicates confidence in the synergies between ANSYS' engineering simulation expertise and Synopsys' chip design capabilities, paving the way for enhanced innovation and market expansion.
• As the semiconductor sector continues to evolve with technological advancements, the merger between ANSYS and Synopsys could position the combined entity as a formidable player, attracting investor interest and driving ANSS stock higher.
• With the deal set to close in early 2025 pending regulatory approval, investors seem to be anticipating the long-term benefits and growth prospects that the merger could bring, fueling the bullish momentum in ANSS stock.

22.01.2024 - ANSS Stock was up 5.1%

• Strong Q4 earnings that beat estimates were reported by ANSS, with revenues up year-over-year, indicating solid financial performance.
• The stock surged on acquisition talks, possibly signaling market optimism about potential growth opportunities.
• Synopsys issuing strong profit guidance in its first results after the Ansys deal could have positively influenced investor sentiment towards ANSS.
• The surprise Q4 sales by ANSS also contributed to the bullish movement, showcasing the company's ability to exceed market expectations.

26.11.2023 - ANSS Stock was up 18.1%

• The merger talks between Synopsys and Ansys mentioned in an article from Barron''s could have created positive sentiment around ANSS, as it indicates potential growth and expansion opportunities.
• The article about Ansys Inc.'s financial metrics and competitive strengths in an article from GuruFocus might have reassured investors about the company's stability and future prospects, contributing to the bullish movement.
• The comprehensive valuation analysis in an article from GuruFocus could have provided insights into ANSS's fair value, attracting investors who believe the stock is undervalued.
• The surprising 18% stock rally mentioned in an article from GuruFocus might have been driven by a combination of positive market sentiment, favorable news about the company, and increased investor confidence in ANSS.

04.03.2024 - ANSS Stock was down 1.4%

• The decline in ANSS stock today could be attributed to profit-taking by investors following a recent uptrend in the stock price.
• Analysts recommending Synopsys Inc (SNPS) with a 'Buy' rating might have redirected investor attention to other tech stocks in the sector, potentially impacting ANSS negatively.
• The details about The Exploration Company utilizing Ansys solutions for sustainability in space may not have directly affected ANSS stock performance today, but it highlights the company's expertise and innovation in the industry.
• In summary, market sentiment and profit-taking activities appear to have played roles in the bearish movement observed in ANSS stock today.

03.10.2023 - ANSS Stock was up 9.0%

• ANSYS reported Q3 earnings that beat estimates, despite a decrease in profit compared to last year.
• The company's performance was affected by incremental restrictions for export to China, which impacted revenues.
• ANSYS announced record Q3 cash flow and ACV, indicating strong financial results.
• Ansys medini, a solution for functional safety in the automotive industry, accelerated the development of automotive-grade IP, showcasing the company's commitment to innovation and meeting industry requirements.

05.02.2024 - ANSS Stock was down 2.8%

• The partnership renewal with Oracle Red Bull Racing might not have met investors' expectations, leading to a sell-off of ANSS shares.
• Despite being named the preferred supplier for Hyundai Motor Company's next-gen vehicle analysis, the market may have been looking for more significant deals or contracts to drive the stock price higher.
• Investors might be concerned about the competitive landscape in the engineering simulation software industry, leading to profit-taking in ANSS shares.

18.05.2024 - ANSS Stock was down 0.6%

• The initiation of coverage on ANSYS with a "hold" rating might have raised concerns among investors, leading to a bearish sentiment towards the stock.
• The strong performance of semiconductor stocks could have shifted investor focus away from software companies like ANSYS, contributing to the bearish movement.
• The overall positive outlook for semiconductor stocks, with soaring revenues and earnings, may have attracted investors to reallocate their investments, possibly leading to a sell-off in ANSYS shares.