Day Traders Tag icon

×
Synopsys (NASDAQ: SNPS) shares have experienced a pullback in recent times, with shares now trading 19.7% below its 52-week high of $629.38 achieved on Sept. 30. Over the past three months, Synopsys shares have plunged 16.9%, underperforming the broader Zacks Computer & Technology Sector's decline of 1.1% and the Zacks Computer – Software industry's fall of 2.7%. Synopsys is currently facing several challenges, including a rise in cost of revenues and operating expenses. In the third quarter of fiscal 2024, these costs increased to $1.17 billion compared to $1.01 billion in the same period last year. This sharp rise has raised concerns about the company's ability to manage its rising costs effectively. SNPS faces intense competition in the semiconductor and electronic design automation (EDA) space, which has been a headwind. Delays in realizing synergies from recent acquisitions have been a concern. Synopsys, Inc. Price and Consensus Synopsys, Inc. price-consensus-chart | Synopsys, Inc. Quote Does the dip in SNPS shares make the stock attractive? Let's analyze. Synopsys Prospects Ride on Strong Portfolio Synopsys' innovative product lineup is expected to boost its prospects. The shift toward hybrid working is driving demand for ...


In The news