Synopsys Inc Stock Price, News & Analysis

Synopsys, Inc. (Nasdaq: SNPS) announced an accelerated share repurchase agreement with Wells Fargo Bank to repurchase $200 million of its stock. The agreement will result in an initial delivery of approximately 523,000 shares, with final settlement expected by August 15, 2022. This buyback aims to enhance shareholder value and improve earnings per share (EPS). However, the total number of shares repurchased will depend on the average daily volume-weighted share prices during the buyback period, which carries inherent market risks.

On May 25, 2022, Synopsys (Nasdaq: SNPS) announced its top-ranking performance in the 2022 Gartner® Critical Capabilities for Application Security Testing. The report highlights Synopsys receiving the highest scores across five critical use cases: Enterprise, Continuous Testing, Mobile and Client, DevSecOps, and Cloud-Native Applications. This recognition reflects Synopsys' investments in enhancing its security solutions, including features like Rapid Scan capabilities and the acquisition of Code Dx. The company aims to address the growing complexity of software risk management.

On May 25, 2022, Synopsys (Nasdaq: SNPS) announced the appointment of Luis Borgen and Marc Casper to its board of directors. Borgen, former CFO of athenahealth, brings over 25 years of finance expertise, while Casper, CEO of Thermo Fisher, has extensive executive experience. Aart de Geus, chairman and CEO, emphasized their potential to add significant value as Synopsys aims to scale beyond $5 billion. Both appointees expressed enthusiasm about joining the board, highlighting Synopsys' innovative product portfolio and commitment to addressing critical technological challenges.

Synopsys (Nasdaq: SNPS) has partnered with Arrow Electronics, a top value-added distributor, to enhance the distribution of its application security solutions across North America. This agreement aims to broaden the market reach of Synopsys Software Integrity Group's acclaimed security testing portfolio. Synopsys is recognized as a leader in application security, holding multiple accolades from Gartner and Forrester. The collaboration will empower resellers in Arrow's network to offer solutions such as Coverity, Black Duck, and Seeker, facilitating improved software security and compliance.

Synopsys (Nasdaq: SNPS) and Analog Devices, Inc. have partnered to enhance power management modeling through their joint offerings of model libraries for DC/DC ICs and µModule regulators, integrated with Synopsys’ Saber simulation tool. This collaboration aims to facilitate accurate multi-domain simulations for various applications, including electric vehicles and aerospace systems, thus improving design processes and reducing time-to-market.

The latest SaberRD version is currently available for users seeking to leverage these advancements.

Synopsys reported Q2 FY 2022 revenue of $1.279 billion, up from $1.024 billion in Q2 FY 2021. GAAP earnings per diluted share rose to $1.89, while non-GAAP EPS reached $2.50, compared to $1.24 and $1.70 respectively in the previous year.

CEO Aart de Geus noted strong demand and operational execution, leading to a raised revenue growth target of 20% for the fiscal year, exceeding $5 billion. The company aims to expand operating margins and achieve over 25% EPS growth.

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.