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ANSYS (ANSS) Set to Acquire C&R Technologies: Key Takeaways
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ANSYS (ANSS - Free Report) is set to acquire orbital thermal analysis provider — Cullimore and Ring Technologies or C&R Technologies. The financial terms of the deal have not been disclosed.
The buyout will aid ANSYS to bolster its position in the simulation solutions market, especially in the lucrative Aerospace as well as defense and private space industry verticals. C&R Technologies offers a thermal-centric modeling approach that provides quick and effective system-level simulation capabilities. These, when combined with ANSYS’ physical solvers, will provide customers with enhanced fidelity through every stage of thermal system design and optimization for a variety of applications.
C&R Technologies portfolio of solutions is complementary to ANSYS’ suite of 3D thermal, fluid flow, and mission simulation tools. Together, these solutions will provide customers with an effective design, and analysis, as well as optimization of the thermal behavior of systems and networks of interacting components, added ANSYS.
Both companies currently have a partnership in place whereby users can integrate C&R Technologies’ Thermal Desktop's system-level thermal modeling with ANSYS’ multiphysics analysis software solutions (like structures, fluids, space, and optical simulation portfolios).
The acquisition is not expected to have a material impact on the company’s consolidated financial performance in 2022.
Canonsburg, PA-based ANSYS is the global leader in the high-end design simulation software industry. The company offers simulation solutions for developing next-generation 5G product designs, autonomous vehicles, thinner and more reliable mobile and Internet of Things products as well as high-performance chips for advanced driver assistance systems.
The company’s robust product portfolio and cross-domain offering will continue to drive its customer base. Also, its aggressive acquisition strategy has played a pivotal part in developing the company’s business in the last few years.
In May 2022, ANSYS announced the acquisition of Motor Design Limited, which will enable the company to expand its presence in electrification with powerful electric machine design flow and enable customers to design more efficient electric machines.
In April 2022, ANSYS inked an agreement to acquire OnScale for undisclosed financial terms. With the OnScale integration, ANSYS will be able to offer its clients (ranging from enterprise customers to start-ups) a cloud-native, web-based user interface for “device-independent access” to the company’s wide-ranging simulation solutions and technologies. Last year, the company acquired Zemax LLC and Phoenix Integration.
Though acquisitions have enabled the company to expand its product portfolio, its balance sheet has been negatively impacted in the form of a high level of goodwill and intangible assets, which totaled approximately $4.3 billion or 70.9% of total assets as of Jun 30, 2022.
In the past year, shares of ANSYS, which carries a Zacks Rank #3 (Hold), have lost 42.4% of their value compared with the industry’s decline of 30.5%.
The Zacks Consensus Estimate for Pure Storage’s 2022 earnings is pegged at $1.18 per share, rising 24.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 35.5%.
Pure Storage’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 171.8%. Shares of PSTG have gained 6.1% in the past year.
The Zacks Consensus Estimate for Blackbaud’s 2022 earnings is pegged at $2.55 per share, unchanged in the past 60 days. The long-term earnings growth rate is anticipated to be 3%.
Blackbaud’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 8.5%.
The Zacks Consensus Estimate for Synopsys’ 2022 earnings is pegged at $8.85 per share, up 4.5% in the past 60 days. The long-term earnings growth rate is anticipated to be 16.2%.
Synopsys’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 3%. Shares of SNPS have gained 6.4% in the past year.
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ANSYS (ANSS) Set to Acquire C&R Technologies: Key Takeaways
ANSYS (ANSS - Free Report) is set to acquire orbital thermal analysis provider — Cullimore and Ring Technologies or C&R Technologies. The financial terms of the deal have not been disclosed.
The buyout will aid ANSYS to bolster its position in the simulation solutions market, especially in the lucrative Aerospace as well as defense and private space industry verticals. C&R Technologies offers a thermal-centric modeling approach that provides quick and effective system-level simulation capabilities. These, when combined with ANSYS’ physical solvers, will provide customers with enhanced fidelity through every stage of thermal system design and optimization for a variety of applications.
C&R Technologies portfolio of solutions is complementary to ANSYS’ suite of 3D thermal, fluid flow, and mission simulation tools. Together, these solutions will provide customers with an effective design, and analysis, as well as optimization of the thermal behavior of systems and networks of interacting components, added ANSYS.
Both companies currently have a partnership in place whereby users can integrate C&R Technologies’ Thermal Desktop's system-level thermal modeling with ANSYS’ multiphysics analysis software solutions (like structures, fluids, space, and optical simulation portfolios).
ANSYS, Inc. Price and Consensus
ANSYS, Inc. price-consensus-chart | ANSYS, Inc. Quote
The acquisition is not expected to have a material impact on the company’s consolidated financial performance in 2022.
Canonsburg, PA-based ANSYS is the global leader in the high-end design simulation software industry. The company offers simulation solutions for developing next-generation 5G product designs, autonomous vehicles, thinner and more reliable mobile and Internet of Things products as well as high-performance chips for advanced driver assistance systems.
The company’s robust product portfolio and cross-domain offering will continue to drive its customer base. Also, its aggressive acquisition strategy has played a pivotal part in developing the company’s business in the last few years.
In May 2022, ANSYS announced the acquisition of Motor Design Limited, which will enable the company to expand its presence in electrification with powerful electric machine design flow and enable customers to design more efficient electric machines.
In April 2022, ANSYS inked an agreement to acquire OnScale for undisclosed financial terms. With the OnScale integration, ANSYS will be able to offer its clients (ranging from enterprise customers to start-ups) a cloud-native, web-based user interface for “device-independent access” to the company’s wide-ranging simulation solutions and technologies. Last year, the company acquired Zemax LLC and Phoenix Integration.
Though acquisitions have enabled the company to expand its product portfolio, its balance sheet has been negatively impacted in the form of a high level of goodwill and intangible assets, which totaled approximately $4.3 billion or 70.9% of total assets as of Jun 30, 2022.
In the past year, shares of ANSYS, which carries a Zacks Rank #3 (Hold), have lost 42.4% of their value compared with the industry’s decline of 30.5%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Pure Storage (PSTG - Free Report) , Blackbaud (BLKB - Free Report) and Synopsys (SNPS - Free Report) . Pure Storage currently sports a Zacks Rank #1 (Strong Buy), whereas Synopsys and Blackbaud carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Pure Storage’s 2022 earnings is pegged at $1.18 per share, rising 24.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 35.5%.
Pure Storage’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 171.8%. Shares of PSTG have gained 6.1% in the past year.
The Zacks Consensus Estimate for Blackbaud’s 2022 earnings is pegged at $2.55 per share, unchanged in the past 60 days. The long-term earnings growth rate is anticipated to be 3%.
Blackbaud’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 8.5%.
The Zacks Consensus Estimate for Synopsys’ 2022 earnings is pegged at $8.85 per share, up 4.5% in the past 60 days. The long-term earnings growth rate is anticipated to be 16.2%.
Synopsys’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 3%. Shares of SNPS have gained 6.4% in the past year.