Synopsys Inc Stock Price, News & Analysis

Synopsys, Inc. (Nasdaq: SNPS) announced an accelerated share repurchase (ASR) agreement with HSBC Bank USA to buy back $175 million of its stock. The initial share delivery is approximately 431,000 shares, with the final number to be settled by November 24, 2021. The ASR will be based on Synopsys' average daily volume-weighted share prices, discounted. This move reflects the company's commitment to enhancing shareholder value through strategic capital allocation.

Synopsys, Inc. (Nasdaq: SNPS) announced that Achronix achieved first-pass silicon success for its Speedster7t FPGA using Synopsys's design, verification, and IP solutions. The 7-nm FPGA meets high-bandwidth and AI/ML workload requirements, reducing time-to-market. Synopsys's DesignWare IP portfolio contributed to improved memory performance and decreased power consumption. Significant enhancements include a 4% increase in area efficiency and an 8% improvement in timing. Achronix plans ongoing collaboration with Synopsys to utilize DesignWare IP for future designs.

Synopsys, Inc. (Nasdaq: SNPS) announced that CFO Trac Pham will speak at the Rosenblatt Securities Technology Summit: Age of AI Scaling on August 26, 2021, at 2:00 p.m. ET (11:00 a.m. PT). The event will be available via live webcast on the Synopsys corporate website, with a replay accessible post-event. Synopsys is a leader in electronic design automation and semiconductor IP, offering a wide range of application security tools and services for innovators in the tech industry.

Synopsys, Inc. (Nasdaq: SNPS) reported third-quarter fiscal 2021 revenue of $1,057.1 million, a significant increase from $964.1 million in the same period last year. Non-GAAP earnings reached $284.5 million or $1.81 per share, compared to $271.9 million or $1.74 per share in Q3 2020. GAAP net income fell to $198.6 million or $1.27 per share, down from $252.9 million or $1.62 per share the previous year. The company aims for over $5 billion in revenue by 2023, citing strong market performance and technological advancements.

Synopsys, Inc. (Nasdaq: SNPS) will report its third quarter fiscal year 2021 earnings on August 18, 2021, after market close. A conference call, led by CEO Aart de Geus and CFO Trac Pham, will begin at 2:00 p.m. PT (5:00 p.m. ET). Financial details will be available on their website prior to the call, with a live webcast accessible for participants. The replay of the call can be accessed both online and via dial-in from August 18 to August 25, 2021.

Synopsys, Inc. (Nasdaq: SNPS) has launched new Rapid Scan capabilities to enhance application security testing through its Coverity and Black Duck solutions. These features provide fast vulnerability detection for both proprietary and open-source code, particularly during the early stages of development for cloud-native applications. By enabling quick scans with minimal resource use, Rapid Scan allows teams to integrate security seamlessly into their workflows, preventing vulnerabilities from affecting later stages of the development lifecycle.

Synopsys (Nasdaq: SNPS) announced the establishment of the Anita D'Amico Endowment Fund for Cybersecurity and Psychology Research at Adelphi University. This fund aims to support interdisciplinary research focusing on the intersection of cybersecurity and human behavior. Key research areas include safety culture in cybersecurity, human factors in software development, and decision-making in secure computing. Anita D'Amico, VP of Market Development at Synopsys, emphasizes the importance of human factors in enhancing cybersecurity measures. The endowment reflects Synopsys's commitment to advancing research in this critical field.