Synopsys, Inc. stock price

Synopsys, Inc. latest news:

  • 01/10/2018 14:38:18

    BRIEF-Synopsys Inc Buys Kilopass Technology


  • 11/29/2017 14:49:32

    Semtech plunges more than 11% on weak forecast

    Semtech Corp.(SMTC) shares dropped more than 11% in late trading Wednesday, after the chip maker beat on third- quarter earnings but projected a downturn for profit and sales in the final quarter of the year. Semtech (SMTC) reported net income of $13.3 million, or 20 cents a share, on revenue of $150.3 million, up from $137.2 million the year before. After adjustments for stock-based compensation and other effects, Synopsys claimed earnings of 54 cents a share on adjusted revenue of $156.6...

  • 11/29/2017 14:29:29

    Synopsys stock reaches record levels after earnings

    Synopsys Inc. shares jumped 7% to record price levels in late trading Wednesday, after the software company reported earnings that beat expectations after subtracting a tax hit from repatriation of overseas cash. Synopsys reported a fiscal fourth-quarter net loss of $120.1 million, or 80 cents a share, on sales of $696.6 million, up from $633.7 million a year ago. The loss was largely credited to a one-time tax hit of $166 million due to repatriation of $825 million of offshore cash, the company explained in its announcement. After stripping out the tax payment along with stock-based compensation and other expenses, the company claimed a profit of 69 cents a share, down from 77 cents a share a year ago. Analysts on average expected adjusted earnings of 57 cents a share on revenue of $651 million, after Synopsys predicted earnings of 55 cents to 58 cents a share on sales of $642 million to $657 million. The company's forecast for the new fiscal year also beat analysts' expectations. Synopsys shares rose about 7% in after-hours trading following the announcement, topping $92 after closing with a 3.4% decline at $86.77 amid a selloff in tech stocks. Synopsys shares have never sold for more than $90.33 in regular trading.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

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