Synopsys Inc. ($SNPS) Stock Forecast: Down 10.8% Today

What is Synopsys Inc.?

A technology company specializing in software and services for semiconductor design and verification is Synopsys Inc. (SNPS), known for its innovative solutions in the electronic design automation (EDA) industry.

Why is Synopsys Inc. going down?

SNPS stock is down 10.8% on Dec 5, 2024 17:41

• Despite surpassing revenue and earnings expectations in Q4, Synopsys (SNPS) encountered a significant 7% decrease in its stock price because of weak future guidance.
• The market's negative response to Synopsys's weak guidance suggests concerns about its future growth.
• Bullish sentiment in the options market towards Synopsys implies that despite short-term fluctuations, long-term investors retain optimism about the company's outlook.
• Emphasis on advanced technology innovations and robust solutions in IP, designs, and security may be influencing investor sentiment, counterbalancing the short-term stock price decline.

SNPS Price Chart

SNPS Technical Analysis

SNPS News

Synopsys Q4 Earnings Beat Estimates, Stock Dips 7% on Weak Guidance

SNPS' Q4 results reflect an impressive rise in top and bottom lines, driven by strong growth across multiple business segments.

https://www.zacks.com/stock/news/2379544/synopsys-q4-earnings-beat-estimates-stock-dips-7-on-weak-guidance

Synopsys Q4 Earnings: Revenue Beat, EPS Beat, Soft Guidance, Expanding Opportunities Powered By 'AI-Driven Reinvention Of Compute' - Synopsys ( NASDAQ:SNPS )

Synopsys Inc SNPS reported fourth-quarter financial results after the market close on Wednesday. Here's a rundown of the report. Q4 Revenue: $1.64 billion, versus estimates of $1.63 billion Q4 Adjusted EPS: $3.40, versus estimates of $3.30

https://www.benzinga.com/news/earnings/24/12/42328693/synopsys-q4-earnings-revenue-beat-eps-beat-soft-guidance-expanding-opportunities-powered-by-ai-driv

Synopsys ( SNPS ) Q4 Earnings and Revenues Top Estimates

Synopsys (SNPS) delivered earnings and revenue surprises of 3.34% and 0.23%, respectively, for the quarter ended October 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2379177/synopsys-snps-q4-earnings-and-revenues-top-estimates

A Closer Look at Synopsys's Options Market Dynamics - Synopsys ( NASDAQ:SNPS )

Deep-pocketed investors have adopted a bullish approach towards Synopsys SNPS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today.

https://www.benzinga.com/insights/options/24/12/42323393/a-closer-look-at-synopsyss-options-market-dynamics

Synopsys to Report Q4 Earnings: What's in Store for the Stock?

SNPS' Q4 performance is likely to have reflected the benefits of advanced technology innovations propelled by its strong IP, designs and security solutions.

https://www.zacks.com/stock/news/2377498/synopsys-to-report-q4-earnings-whats-in-store-for-the-stock

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Synopsys Inc. Price History

15.10.2024 - SNPS Stock was down 5.3%

• Unusual bearish options activity indicates that deep-pocketed investors have a negative outlook on Synopsys, reflecting a lack of confidence in the stock's performance.
• The high P/E multiple of 37.76X, along with concerns about slowing growth and increased competition, are likely contributing to the bearish movement in Synopsys stock.
• Despite the broader market gains, Synopsys stock saw a notable -0.94% decline, highlighting investors' apprehensions and potential profit-taking amid the negative outlook on the company's future prospects.

15.10.2024 - SNPS Stock was down 5.1%

• The bearish movement in SNPS stock today can be attributed to concerns over its premium valuation at a P/E multiple of 37.76X, especially with slowing growth and increasing competition.
• The overall market gains might have shifted investor focus towards other opportunities, leading to a slight sell-off in SNPS stock.
• Investors may be cautious about the future prospects of Synopsys, considering negative sentiment, which could have contributed to the downward pressure on the stock price.

22.07.2024 - SNPS Stock was down 0.8%

• Today, SNPS saw a strong bearish movement:
• Piper Sandler highlighted Synopsys stock due to margin growth acceleration, indicating positive market sentiment.
• The company reported record revenue and strong growth during the earnings call, surpassing analyst estimates for EPS and revenue.
• Despite beating earnings and revenue estimates, the stock trended bearishly.
• Investors might be profit-taking after a period of growth, leading to the bearish movement despite the positive earnings report.

12.08.2024 - SNPS Stock was up 5.7%

• An 18% decline in Synopsys' stock price in the last 3 months may present a buying opportunity for investors.
• Today's bullish movement could be attributed to the company's AI-driven growth potential and strategic acquisitions, which are viewed positively for long-term prospects.
• Despite the recent downturn, there is a prevailing market sentiment to hold the stock as the company's fundamentals and growth outlook remain robust.

06.10.2024 - SNPS Stock was up 5.1%

• The bullish movement in SNPS today can be attributed to the positive sentiment from brokers who consider it a good investment, leading to increased investor confidence.
• The stock exceeding market returns further fueled the bullish trend, attracting more buyers and driving up the price.
• The optimistic recommendations from Wall Street analysts may have influenced traders to buy SNPS, contributing to its strong performance today.

29.09.2024 - SNPS Stock was up 5.2%

• Despite a dip in the overall market, Synopsys (SNPS) managed to gain, showcasing its resilience and investor confidence in the company.
• The UK's antitrust review of Synopsys' $34 billion acquisition of Ansys might have initially caused some uncertainty in the market, but investors seem to be optimistic about the deal's potential benefits for Synopsys.
• Synopsys surpassing market returns indicates that the company is outperforming expectations, possibly due to strong financial performance or positive industry developments.
• Overall, Synopsys' bullish movement today could be attributed to a combination of market confidence, strategic acquisitions, and solid financial performance.

15.09.2024 - SNPS Stock was down 5.0%

• Despite optimistic feedback and analyst predictions, Synopsys (SNPS) witnessed a downward trend in trading today.
• While the broader market saw an increase, Synopsys moved in the opposite direction, suggesting internal company influences.
• Investor response to recent company performance or future prospects may have triggered the stock's decline, diverging from the overall market sentiment.
• The decrease in stock value could also be attributed to investors seizing profits after substantial long-term gains in Synopsys shares.

05.11.2024 - SNPS Stock was down 6.3%

• Despite outperforming revenue and EPS expectations, the stock faced a downturn, potentially linked to the company's conservative guidance.
• The market's response to the reserved outlook may have overshadowed the positive earnings results.
• Noteworthy activity from well-capitalized investors in the options market could indicate optimism towards the stock over the long term, despite recent bearish movements.
• External factors such as overall market conditions and industry trends might also influence the stock's performance and investor sentiment.

05.11.2024 - SNPS Stock was down 10.8%

• Despite surpassing revenue and earnings expectations in Q4, Synopsys (SNPS) encountered a significant 7% decrease in its stock price because of weak future guidance.
• The market's negative response to Synopsys's weak guidance suggests concerns about its future growth.
• Bullish sentiment in the options market towards Synopsys implies that despite short-term fluctuations, long-term investors retain optimism about the company's outlook.
• Emphasis on advanced technology innovations and robust solutions in IP, designs, and security may be influencing investor sentiment, counterbalancing the short-term stock price decline.

08.07.2024 - SNPS Stock was up 5.0%

• Despite the recent market fluctuations, Synopsys (SNPS) demonstrated significant bullish momentum, surpassing market performance.
• Over the past 5 years, Synopsys has shown strong growth with an average yearly return of 30.56%, underlining its resilience and potential for expansion.
• While some market entities originally showed a negative outlook on Synopsys options, the company's robust fundamentals and market positioning likely attracted investors, resulting in the bullish trend.
• The emphasis on value and sustained growth in the technology industry, as discussed in recent analysis on generative AI stocks, may have further bolstered investor confidence in Synopsys.

02.07.2024 - SNPS Stock was down 9.1%

• The bearish movement in SNPS could be attributed to the notable bearish stance taken by market whales on Synopsys options, as indicated by recent trades.
• Despite the positive news of Synopsys founder Aart de Geus receiving the chip industry's highest honor, the market sentiment seems to have been overshadowed by the bearish bets on the stock.
• The upcoming merger activity in the market might have also influenced investors to shift their focus towards other potential value creators, leading to a sell-off in SNPS.
• While Wall Street analysts may have shown optimism towards Synopsys, the overall market dynamics and investor sentiment towards the stock seem to have driven the bearish movement today.

06.07.2024 - SNPS Stock was up 5.0%

• The bullish movement in SNPS stock today could be attributed to:
• Market whales taking a bearish stance on the company through options trades, leading to a contrarian bullish sentiment among investors.
• The announcement of Synopsys founder Aart de Geus receiving the chip industry's highest honor, boosting investor confidence in the company's leadership and future prospects.
• The overall positive sentiment towards generative AI stocks, potentially benefiting technology companies like Synopsys in the market.