Synopsys (SNPS) To Report Q2 Earnings: What's In The Cards?
Zacks Investment Research | Aug 13, 2017 10:58PM ET
Synopsys Inc. (NASDAQ:SNPS) is set to release third-quarter 2017 earnings on Aug 16. Notably, the company has positive record of earnings surprises in the trailing four quarters, with an average surprise of 21.9%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Synopsys posted impressive second-quarter fiscal 2017 results. Revenues as well as earnings improved year over year, primarily owing to strength in hardware products.
The company is a vendor of electronic design automation (EDA) software to the semiconductor and electronics industries. We believe its recent product launches, acquisitions and deal wins will boost results, going ahead. Moreover, unique intellectual properties and global support provided by the company is likely to drive forthcoming results.
Additionally, the acquisition of Cigital and Codiscope will enable Synopsys to offer a comprehensive software security signoff solution to customers.
We are also encouraged by Synopsys’s endeavor to return shareholder value through continued share buybacks and dividends. These investor-friendly initiatives not only boost earnings but also inspire investor confidence and loyalty.
However, competition from Cadence Design Systems Inc. (NASDAQ:CDNS) and Mentor Graphics Corp., a challenging technology spending environment and uncertainty regarding the exact time of realizing acquisition synergies keep us on the sidelines.
Synopsys, Inc. Price and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.