Shares of Synopsys SNPS fell 0.32% in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were up 37.39% over the past year to $1.58, which beat the estimate of $1.57.
Revenue of $1,025,000,000 up by 20.44% year over year, which missed the estimate of $1,030,000,000.
Outlook
Synopsys Sees Q1 Sales $935M-$965M Vs $968.93M Estimates, EPS $1.44-$1.49 Vs $1.43 Estimates, FY21 $4B-$4.05B Vs $3.98B, EPS $6.23-$6.30 Vs $6.16 Estimates
Details Of The Call
Date: Dec 02, 2020
Time: 05:00 PM
ET Webcast URL: https://www.synopsys.com/company/investor-relations.html
Price Action
Company's 52-week high was at $246.69
Company's 52-week low was at $104.90
Price action over last quarter: Up 4.43%
Company Description
Synopsys was founded in December 1986 (it was called Optimal Solutions until 1987) and is a market leader in electronic design automation software. EDA is used to automate the design and verification of integrated circuits or larger chip systems. The firm provides an end-to-end workflow of EDA products. In addition, the firm offers a broad set of design intellectual property and leading software integrity tools that help customers develop secure, quality code. Historically, the firm's tools have been relied upon by semiconductor firms, but there has been a shift toward other nontraditional "systems" users (nonsemiconductor firms interested in chip design) given the development of the Internet of Things, artificial intelligence, autonomous vehicles, and cloud computing.
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