Synopsys Inc Stock Price, News & Analysis

Synopsys, Inc. (Nasdaq: SNPS) has announced key presentations for the investment community at upcoming conferences. JP Morgan Global Technology, Media & Communications Conference is set for May 24 at 5:50 a.m. PT, featuring President Sassine Ghazi. The Baird Global Consumer, Technology & Services Conference will follow on June 7 at 8:55 a.m. PT, with GM Jason Schmitt. Live audio webcasts and replays will be available on the Synopsys corporate website after the events.

Synopsys (Nasdaq: SNPS) will report its second quarter fiscal year 2022 results on May 18, 2022, after market close. A conference call led by CEO Aart de Geus and CFO Trac Pham will start at 2:00 p.m. PT. Financial details will be available on their corporate website before the call. A live webcast and replay options will also be accessible. Synopsys, a leader in electronic design automation and semiconductor IP, continues to support innovative electronic and software product development.

Synopsys (NASDAQ: SNPS) has announced its agreement to acquire WhiteHat Security for approximately $330 million in cash. This acquisition aims to enhance Synopsys' application security software-as-a-service (SaaS) capabilities and dynamic application security testing (DAST) technologies. The deal is anticipated to close in Synopsys' fiscal Q3 2022 and is expected to be neutral to FY2022 non-GAAP earnings per share. Both companies share a commitment to integrating security into the software development lifecycle, promising to deliver enhanced value to customers.

Synopsys has been named a Leader in the 2022 Gartner Magic Quadrant for Application Security Testing for the sixth consecutive year. The company ranked highest in both Ability to Execute and Completeness of Vision among 14 evaluated vendors. The report indicates an increasing demand for integrated security testing solutions that align with DevSecOps and cloud-native applications. Synopsys has made significant investments in enhancing its security solutions, including new capabilities for Coverity and Black Duck and the acquisition of Code Dx.

Synopsys has launched the DesignWare ARC NPX6 NPU IP, achieving up to 3,500 TOPS performance, catering to automotive, consumer, and data center applications. This technology boasts an efficiency of 30 TOPS/Watt, with features like 96K MACs and scalability options. The launch includes the MetaWare MX Development Toolkit, which optimizes neural network models. The ARC NPX6FS variant meets ISO 26262 safety standards, enabling safer automotive SoC development. Together, these innovations aim to enhance AI functionalities in increasingly complex applications.

Synopsys (Nasdaq: SNPS) released the 2022 Open Source Security and Risk Analysis (OSSRA) report, analyzing over 2,400 codebases.

Key findings show that 85% of codebases contain open source components more than four years outdated, with 88% using non-updated versions. However, the number of codebases with high-risk vulnerabilities decreased to 49% from 60% last year. License conflicts also dropped to 53%. The report emphasizes the need for better management of open source risks in software supply chains.

Synopsys and Juniper Networks announced a joint venture to establish an open silicon photonics platform, targeting telecom, datacom, LiDAR, healthcare, HPC, AI, and optical computing markets. This new company will provide integrated lasers and photonic components, enhancing performance with lower power consumption. While Synopsys owns a majority share, the investment is expected to be slightly dilutive to fiscal 2022 earnings but won't impact its financial guidance. The venture includes over 200 patents from Juniper and aims to accelerate the adoption of photonic integrated circuits.

Synopsys (Nasdaq: SNPS) has announced that its advanced voltage-timing signoff solution, developed in collaboration with Ansys, has been adopted by Samsung Foundry. This solution enhances energy-efficient design by effectively managing dynamic voltage-drop (DVD) issues, thereby minimizing timing pessimism. It integrates Synopsys PrimeTime® static timing analysis and Ansys RedHawk-SC technologies, resulting in high accuracy and throughput. Samsung Foundry reports significant silicon correlation, indicating effective prevention of timing failures and improved design energy efficiency.

Synopsys (Nasdaq: SNPS) has introduced a groundbreaking cloud-optimized electronic design automation (EDA) model designed to enhance chip and system design flexibility. This pay-as-you-go solution leverages Microsoft Azure's infrastructure, addressing the increasing complexity in chip development. The Synopsys Cloud aims to streamline chip design processes by enabling dynamic scaling of resources, thereby improving productivity, quality, and cost-efficiency. This innovative approach is expected to drive semiconductor innovation and facilitate faster time-to-market for chipmakers.