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Synopsys (SNPS) Unveils Black Duck Supply Chain Solution

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Synopsys (SNPS - Free Report) has announced that its Black Duck Supply Chain Edition will be available to the public from Apr 25, 2024. This is the latest software composition analysis solution from Synopsys that enables organizations to address risks upstream in their software supply chains.

The solution helps development and security teams track dependencies throughout the application lifecycle, spotting and fixing security issues, malicious packages and license conflicts. Additionally, the solution identifies malware through post-build analyses. It continually monitors for open source vulnerabilities, and oversees IP risk and license compliance.

Black Duck Supply Chain features technology to find open source components in code, import software bill of materials (SBOM) from other software suppliers, and organize open source, commercial and custom components. It can also export SBOMs in SPDX or CycloneDX formats to meet customer, industry or regulatory needs.

To achieve supply-chain security capabilities, Black Duck Supply Chain utilizes detection technologies, automated third-party SBOM analysis and threat detection to mitigate software risks posed by codes based on open source, third-party and AI.

Synopsys is gaining from robust design wins due to a solid product portfolio. Rising demand for IP, security solutions and advanced technology design is also creating promising prospects.

Zacks Rank and Other Stocks to Consider

Currently, the company flaunts a Zacks Rank #1 (Strong Buy). Shares of SNPS have returned 39.6% in the past year.

Some other top-ranked stocks from the broader technology sector are NVIDIA (NVDA - Free Report) , Bentley Systems (BSY - Free Report) and CyberArk Software (CYBR - Free Report) . While NVDA and BSY sport a Zacks Rank #1 each, CYBR carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for NVIDIA’s 2025 earnings per share has been revised upward by 62 cents to $23.84 in the past 30 days. Shares of NVDA have skyrocketed 217.6% in the past year.

The Zacks Consensus Estimate for Bentley Systems' 2024 earnings per share has been revised downward by a penny to $1.01 in the past 30 days. Shares of BSY have gained 19.1% in the past year.

The Zacks Consensus Estimate for CyberArk’s 2024 earnings per share has been revised upward by a penny to $1.76  in the past 30 days. Shares of CYBR have jumped 92.5% in the past year.

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