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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. enters into an accelerated share repurchase agreement with Wells Fargo Bank, NA to repurchase $300 million of Synopsys stock.
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End-of-Day
-2.76%
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buyback
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Synopsys completes acquisition of PikeTec, a leader in automotive software testing and verification. The growing complexity of software-defined vehicles (SDVs) is driving the need for more efficient testing methods. The combination of Synopsys and PikeTec's solutions offers a strong solution for bringing SDVs to market faster and safer.
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Rhea-AI Sentiment
End-of-Day
2.72%
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acquisition
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Rhea-AI Summary
Synopsys, Inc. announces presentation at Rosenblatt Tech Summit
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-- %
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conferences
Rhea-AI Summary
Synopsys, Inc. has announced the appointment of Sassine Ghazi as the new president and CEO, effective January 1, 2024. Aart de Geus, the current chair and CEO, will transition into the role of Executive Chair of the Board of Directors. Ghazi, who has been with Synopsys for 25 years, brings extensive experience in chip design, applications engineering, customer support, sales, and business management. The board expressed their confidence in Ghazi's leadership and thanked de Geus for his exemplary transition. Synopsys, with approximately 20,000 employees and revenue of $5.5B in the last twelve months, aims to be a leader in the AI-enabled 'Smart Everything' era.
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End-of-Day
-0.96%
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none
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Rhea-AI Summary
Synopsys, Inc. reported record quarterly revenue of $1.487 billion in Q3 FY 2023, up 19% YoY. The company exceeded its earnings guidance with GAAP earnings per diluted share of $2.17 and non-GAAP earnings per diluted share of $2.88. Synopsys also announced the appointment of Sassine Ghazi as President and CEO, effective January 1, 2024. The company is raising its full-year 2023 revenue, non-GAAP operating margin improvement, and earnings guidance, and remains committed to double-digit annual revenue growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
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earnings
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Rhea-AI Summary
Intel (Nasdaq: INTC) and Synopsys (Nasdaq: SNPS) have entered into a definitive agreement to expand their long-standing IP and EDA strategic partnership. This partnership aims to develop a portfolio of IP on Intel 3 and Intel 18A for Intel's foundry customers, fostering a vibrant foundry ecosystem and accelerating the availability of IP on advanced IFS nodes for mutual customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.55%
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partnership
Rhea-AI Summary
Intel (Nasdaq: INTC) and Synopsys (Nasdaq: SNPS) have entered into a definitive agreement to expand their long-standing IP and EDA strategic partnership. This partnership aims to develop a portfolio of IP on Intel 3 and Intel 18A for Intel's foundry customers, fostering a vibrant foundry ecosystem and accelerating the availability of IP on advanced IFS nodes for mutual customers.
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End-of-Day
0.43%
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partnership
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Rhea-AI Summary
Synopsys, Inc. (Nasdaq: SNPS) announced new collaboration agreements with NowSecure and Secure Code Warrior to expand its Software Integrity Group's application security testing solutions. This includes Synopsys Mobile Application Security Testing powered by NowSecure and Synopsys Developer Security Training powered by Secure Code Warrior. The new offerings provide rapid, automated, and comprehensive mobile application security testing capabilities for Android and iOS binaries, as well as developer-centric security training.
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Rhea-AI Sentiment
End-of-Day
-1.8%
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partnership
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Rhea-AI Summary
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-1.8%
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management
Rhea-AI Summary
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-0.98%
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management
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