We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ansys (ANSS - Free Report) announced that Samsung Foundry has certified RaptorX on-chip electromagnetic solution for analyzing advanced high-speed products developed using Samsung's 8nm LN08LPP Low Power Plus silicon process.
The certification will help customers leverage Samsung's manufacturing prowess for enhanced product reliability and performance in 5G, WiFi, automotive, and HPC applications. The certification aims to address the semiconductor industry's increasing need for electromagnetic modeling.
RaptorX's reliability in predicting circuit behavior empowers designers to optimize their products, which ensures that they meet performance expectations. RaptorX has performed well across various intricate layout designs, including dense dummy-metal fill, aligning well with silicon measurements.
Per a report from Mordor Intelligence, the electromagnetic simulation software market size is estimated at $1.24 billion in 2023 and is expected to reach $2.01 billion by 2028, witnessing a CAGR of 10.14% from 2023 to 2028.
Ansys develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a spectrum of industries and academia.
In November, the company announced that its simulation solutions are being leveraged by a leading nuclear technology company — NuScale Power. Ansys will help NuScale Power develop the NPM, which is the first small modular reactor approved by the U.S. Nuclear Regulatory Commission.
Prior to that, the company announced that its simulation solutions are being leveraged by uPI Semiconductor Corp to enhance the efficiency of its product packaging processes and achieve a two-fold improvement in thermal reliability.
ANSS now projects 2023 non-GAAP revenues in the range of $2,234-$2,284 million compared with the earlier prediction of $2,257-$2,327 million. Management expects non-GAAP operating margin between 41% and 42%.
Non-GAAP earnings per share (EPS) are anticipated to be in the range of $8.34-$8.75 compared with the previous guidance of $8.39-$8.88.
ANSS currently carries a Zacks Rank #3 (Hold). Shares of ANSYS have gained 14.9% in the past year compared with the sub-industry’s growth of 52.2%.
The Zacks Consensus Estimate for Pegasystems’ 2023 EPS has improved 21.2% in the past 60 days to $1.77. PEGA delivered an average earnings surprise of 1,250.2% in the trailing four quarters. Shares of PEGA have jumped 49% in the past year.
The Zacks Consensus Estimate for Flex’s fiscal 2024 EPS has increased 3.6% in the past 60 days to $2.56. Flex’s long-term earnings growth rate is 12.4%.
Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%. Shares of the company have risen 20.1% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 2.8% in the past 60 days to $8.00. Watts Water’s long-term earnings growth rate is 7.8%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ansys' (ANSS) RaptorX Receives Samsung Foundry Certification
Ansys (ANSS - Free Report) announced that Samsung Foundry has certified RaptorX on-chip electromagnetic solution for analyzing advanced high-speed products developed using Samsung's 8nm LN08LPP Low Power Plus silicon process.
The certification will help customers leverage Samsung's manufacturing prowess for enhanced product reliability and performance in 5G, WiFi, automotive, and HPC applications. The certification aims to address the semiconductor industry's increasing need for electromagnetic modeling.
RaptorX's reliability in predicting circuit behavior empowers designers to optimize their products, which ensures that they meet performance expectations. RaptorX has performed well across various intricate layout designs, including dense dummy-metal fill, aligning well with silicon measurements.
ANSYS, Inc. Price and Consensus
ANSYS, Inc. price-consensus-chart | ANSYS, Inc. Quote
Per a report from Mordor Intelligence, the electromagnetic simulation software market size is estimated at $1.24 billion in 2023 and is expected to reach $2.01 billion by 2028, witnessing a CAGR of 10.14% from 2023 to 2028.
Ansys develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a spectrum of industries and academia.
In November, the company announced that its simulation solutions are being leveraged by a leading nuclear technology company — NuScale Power. Ansys will help NuScale Power develop the NPM, which is the first small modular reactor approved by the U.S. Nuclear Regulatory Commission.
Prior to that, the company announced that its simulation solutions are being leveraged by uPI Semiconductor Corp to enhance the efficiency of its product packaging processes and achieve a two-fold improvement in thermal reliability.
ANSS now projects 2023 non-GAAP revenues in the range of $2,234-$2,284 million compared with the earlier prediction of $2,257-$2,327 million. Management expects non-GAAP operating margin between 41% and 42%.
Non-GAAP earnings per share (EPS) are anticipated to be in the range of $8.34-$8.75 compared with the previous guidance of $8.39-$8.88.
ANSS currently carries a Zacks Rank #3 (Hold). Shares of ANSYS have gained 14.9% in the past year compared with the sub-industry’s growth of 52.2%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the broader technology space are Pegasystems (PEGA - Free Report) , Flex (FLEX - Free Report) and Watts Water Technologies (WTS - Free Report) . Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Pegasystems’ 2023 EPS has improved 21.2% in the past 60 days to $1.77. PEGA delivered an average earnings surprise of 1,250.2% in the trailing four quarters. Shares of PEGA have jumped 49% in the past year.
The Zacks Consensus Estimate for Flex’s fiscal 2024 EPS has increased 3.6% in the past 60 days to $2.56. Flex’s long-term earnings growth rate is 12.4%.
Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%. Shares of the company have risen 20.1% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 2.8% in the past 60 days to $8.00. Watts Water’s long-term earnings growth rate is 7.8%.