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Synopsys (SNPS)

(Delayed Data from NSDQ)

$576.18 USD

576.18
586,258

+4.73 (0.83%)

Updated Jun 10, 2024 04:00 PM ET

After-Market: $576.57 +0.39 (0.07%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value C Growth D Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 30% (75 out of 248)

Industry: Computer - Software

Better trading starts here.

Zacks News

BCE Subsidiary Bell Canada Acquires 3800 MHz Spectrum Licenses

BCE's subsidiary Bell has acquired 939 spectrum licenses, which will provide it with 100 MHz of 3500 MHz and 3800 MHz cross-band spectrum.

Synopsys (SNPS) Q4 Earnings and Revenues Top Estimates, Up Y/Y

Synopsys' (SNPS) fourth-quarter results reflect the benefits of the solid demand for its products amid the rapid adoption of generative AI technology.

FLEX Stock Rises 19.6% YTD: Will the Upward Trend Continue?

FLEX's performance benefits from strength across automotive business. Subdued IT spending amid global macro weakness is a concern.

Compared to Estimates, Synopsys (SNPS) Q4 Earnings: A Look at Key Metrics

The headline numbers for Synopsys (SNPS) give insight into how the company performed in the quarter ended October 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

NetApp (NTAP) Q2 Earnings & Revenues Top Estimates, Stock Up

NetApp's (NTAP) Q2 performance is hurt by weak IT spending environment. However, management raises full-year outlook due to strength in product, and hyper-scaler first-party and marketplace services.

Axcelis (ACLS) Jumps 58.4% YTD: Will the Uptrend Continue?

Axcelis' (ACLS) performance is gaining from healthy uptake of Purion suite of products.

Synopsys (SNPS) to Report Q4 Earnings: What's in Store?

Synopsys' (SNPS) Q4 financial performance is likely to have benefited from increasing demand for advanced technology, design, IP and security solutions.

Cerence's (CRNC) Q4 Earnings Lag Estimates, Revenues Beat

Cerence's (CRNC) fiscal fourth-quarter performance benefits from strong revenue performance by Licence and Connected Services segments.

PagerDuty (PD) to Report Q3 Earnings: What's in the Cards?

PagerDuty's (PD) third-quarter fiscal 2024 performance is likely to reflect the benefit of the Operations Cloud platform, underscoring its pivotal role in driving growth and innovation.

Canaan (CAN) Reports Q3 Loss, Tops Revenue Estimates

Canaan (CAN) delivered earnings and revenue surprises of -36.67% and 11.06%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?

Is Invesco S&P 500 Equal Weight Technology ETF (RSPT) a Strong ETF Right Now?

Smart Beta ETF report for RSPT

Samsara Inc. (IOT) to Report Q3 Earnings: What's in the Cards?

Samsara Inc.'s (IOT) third-quarter fiscal 2024 performance is likely to reflect the benefit of its commitment to digital transformation and an expanding customer base.

Are Computer and Technology Stocks Lagging InterDigital (IDCC) This Year?

Here is how InterDigital (IDCC) and Synopsys (SNPS) have performed compared to their sector so far this year.

SAP Stock Jumps 49.4% YTD: Will the Upward Trend Continue?

SAP's performance is gaining from continued momentum in its cloud business. Also, opportunities presented by proliferation of generative AI bode well.

Watts Water (WTS) Surges 33% YTD: Will the Upward Trend Last?

Watts Water's (WTS) performance benefits from continued demand for its products as well as synergies from acquisitions.

Cerence (CRNC) to Report Q4 Earnings: What's in the Cards?

Cerence's (CRNC) fourth-quarter fiscal 2023 performance is likely to reflect benefits from robust product innovation, integrating large language models and generative AI into its offerings.

Woodward (WWD) Spikes 36.1% YTD: Will the Uptrend Persist?

Woodward's (WWD) performance benefits from continued momentum in the Aerospace and Industrial segments. Yet, lower Defense OEM sales owing to weak guided weapons sales remain a concern.

Synopsys (SNPS) Laps the Stock Market: Here's Why

In the most recent trading session, Synopsys (SNPS) closed at $541.52, indicating a +1.26% shift from the previous trading day.

Baidu (BIDU) to Post Q3 Earnings: What's in the Offing?

Baidu's (BIDU) third-quarter results are expected to reflect strength in AI and autonomous driving businesses amid uncertainties in China.

What's in the Offing for Analog Devices (ADI) in Q4 Earnings?

Analog Devices' (ADI) results for fourth-quarter fiscal 2023 are likely to reflect the impacts of the softness in the industrial, consumer and communication markets.

Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

Cadence (CDNS) Stock Gains 67% YTD: Will the Uptrend Last?

Cadence (CDNS) is benefiting from strong demand for its diversified portfolio across all segments.

NICE Q3 Earnings Top Estimates, Cloud Revenues Drive Top Line

NICE's (NICE) third-quarter 2023 results reflect benefits from robust cloud revenues, driven by the increased migration to the cloud and an expanding customer base.

Synopsys (SNPS), Microsoft Develop New AI Tool for Chip Design

Synopsys (SNPS) launches Synopsys.ai Copilot in collaboration with Microsoft to enhance AI-based chip design by introducing generative features, including conversational intelligence.

Autodesk (ADSK) to Report Q3 Earnings: What's in Store?

Autodesk's (ADSK) fiscal third-quarter 2024 results are likely to reflect strength in demand for software products, higher subscription revenues, steady renewals and new customer billings.