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Synopsys, Inc. - SNPS STOCK NEWS

Welcome to our dedicated news page for Synopsys (Ticker: SNPS), a resource for investors and traders seeking the latest updates and insights on Synopsys.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Synopsys's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Synopsys's position in the market.

Rhea-AI Summary
Synopsys, Inc. (SNPS) will report Q1 fiscal year 2024 results on Feb. 21, 2024. The company will host a conference call to review financial results and business outlook. Participants can access the live webcast on the corporate website and a replay will be available until May 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
earnings
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Rhea-AI Summary
Endura Technologies, a pioneer in advanced power delivery solutions for System on Chip (SoC) applications, has announced a significant transformation in its leadership team. Michael Sanie, a seasoned leader in go-to-market and business strategy, joins as Chief Executive Officer, with Faraj Aalaei, former CEO and Chairman of Aquantia Corporation and Centillium Communications, stepping in as the new Chairman of the Board of Directors. Additionally, Benny Malek, a visionary in technology leadership, is named as a new member of the Board. The company is poised to lead the next generation in performance, scalability, and efficiency in SoC power delivery applications. Endura Technologies is redefining SoC power management paradigms, addressing current and future market demands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
Tags
management
-
Rhea-AI Summary
Endura Technologies, a pioneer in advanced power delivery solutions for System on Chip (SoC) applications, has announced a significant transformation in its leadership team. Michael Sanie, a seasoned leader in go-to-market and business strategy, joins as Chief Executive Officer, with Faraj Aalaei, former CEO and Chairman of Aquantia Corporation and Centillium Communications, stepping in as the new Chairman of the Board of Directors. Additionally, Benny Malek, a visionary in technology leadership, is named as a new member of the Board. The company is poised to lead the next generation in performance, scalability, and efficiency in SoC power delivery applications. Endura Technologies is redefining SoC power management paradigms, addressing current and future market demands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.09%
Tags
management
Rhea-AI Summary
Synopsys (NASDAQ: SNPS) has entered into a definitive agreement to acquire Ansys (NASDAQ: ANSS) for approximately $35 billion, combining semiconductor design technology and simulation and analysis to expand Synopsys' TAM by 1.5x to ~$28 billion. The combination is expected to enhance non-GAAP operating margins and unlevered FCF margins, be accretive to non-GAAP EPS within the second full year post-close, and substantially accretive thereafter. The implied per share consideration represents a premium of approximately 29% over Ansys' closing stock price on December 21, 2023, and a premium of approximately 35% to Ansys' 60-day volume-weighted average price for the period ending on the same date. The transaction is anticipated to close in the first half of 2025, subject to approval by Ansys shareholders, the receipt of required regulatory approvals, and other customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.5%
Tags
acquisition
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Rhea-AI Summary
Synopsys (NASDAQ: SNPS) has entered into a definitive agreement to acquire Ansys (NASDAQ: ANSS) for approximately $35 billion, combining semiconductor design technology and simulation and analysis to expand Synopsys' TAM by 1.5x to ~$28 billion. The combination is expected to enhance non-GAAP operating margins and unlevered FCF margins, be accretive to non-GAAP EPS within the second full year post-close, and substantially accretive thereafter. The implied per share consideration represents a premium of approximately 29% over Ansys' closing stock price on December 21, 2023, and a premium of approximately 35% to Ansys' 60-day volume-weighted average price for the period ending on the same date. The transaction is anticipated to close in the first half of 2025, subject to approval by Ansys shareholders, the receipt of required regulatory approvals, and other customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.09%
Tags
acquisition
-
Rhea-AI Summary
Synopsys, Inc. (Nasdaq: SNPS) published BSIMM14, analyzing software security practices across 130 organizations. The report highlights the growing adoption of automated security technology, leading to the 'shift everywhere' philosophy. Automation has led to a 200% increase in automated, event-driven security testing, 68% growth in mandatory code review, and a 10% growth in toolchain technology usage. Security champions programs have resulted in a 25% higher BSIMM score, and firms are demanding more from service providers and partners, with a 21% increase in vendor security practices expectations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
none
Rhea-AI Summary
Synopsys, Inc. (SNPS) reported record quarterly revenue of $1.599 billion, up approximately 25% year over year, and record fiscal-year revenue of $5.843 billion, up approximately 15% year over year. Quarterly GAAP earnings per diluted share of $2.26; non-GAAP earnings per diluted share of $3.17, which exceeded high end of guidance. Fiscal year GAAP earnings per diluted share of $7.92; non-GAAP earnings per diluted share of $11.19, which also exceeded high end of guidance. The company also achieved record operating margins and expanded their backlog to $8.6 billion. Synopsys' CEO expressed great confidence in future growth prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
earnings
-
Rhea-AI Summary
Synopsys, Inc. (SNPS) expands its Synopsys.ai EDA suite with generative artificial intelligence (GenAI) capabilities to revolutionize the semiconductor industry. Early collaborations with AMD, Intel, and Microsoft demonstrate the power of GenAI for chip design, aiming to significantly boost productivity and accelerate innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
AI
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Rhea-AI Summary
Synopsys, Inc. (Nasdaq: SNPS) announced a strategic collaboration with Microsoft to integrate Azure OpenAI Service, resulting in a breakthrough generative artificial intelligence (GenAI) capability for accelerating chip design, called Synopsys.ai Copilot. This collaboration aims to address the complexity and workforce gap in chip design engineering by leveraging AI-driven design to bring conversational intelligence to semiconductor engineering. The collaboration is designed to deliver new AI-powered experiences, AI infrastructure at scale, and safe and responsible design.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
AI
Rhea-AI Summary
Synopsys, Inc. (Nasdaq: SNPS) reveals a 14% decrease in vulnerabilities found in software over the past two years, based on the 2023 Software Vulnerability Snapshot report. The report highlights the decrease in vulnerabilities from 97% in 2020 to 83% in 2022, indicating the positive impact of code reviews, automated testing, and continuous integration. The data, analyzed by Synopsys Cybersecurity Research Center (CyRC), also emphasizes the need for a multilayered security approach to address server misconfigurations and other common programming errors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.95%
Tags
none
Synopsys, Inc.

Nasdaq:SNPS

SNPS Rankings

SNPS Stock Data

87.18B
151.40M
0.43%
94.33%
2.09%
Software Publishers
Information
Link
US
Mountain View

About SNPS

synopsys, inc. (nasdaq:snps) is the silicon to software™ partner for innovative companies developing the electronic products and software applications we rely on every day. as the world’s 15th largest software company, synopsys has a long history of being a global leader in electronic design automation (eda) and semiconductor ip and is also growing its leadership in software quality and security solutions. whether you’re a system-on-chip (soc) designer creating advanced semiconductors, or a software developer writing applications that require the highest quality and security, synopsys has the solutions needed to deliver smart, secure products for the era of connected everything. the company is headquartered in mountain view, california, and has approximately 113 offices located throughout north america, south america, europe, japan, asia and india. since 1986, synopsys has been at the heart of accelerating electronics innovation with engineers around the world having used synopsys tech