It could become the mother of all technological revolutions. More Stock News: This Is Bigger than the iPhone! Long-term earnings growth rate for CACI, Intel and Symantec is projected at 10%, 8.42% and 7.9%, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here.
#SYNOPSYS LAYOFF FREE#
Some better-ranked stocks in the broader Computer and Technology sector are CACI International ( CACI Quick Quote CACI - Free Report), Intel INTC and Symantec Corporation SYMC, each sporting a Zacks Rank #1 (Strong Buy). Synopsys currently has a Zacks Rank #3 (Hold). Management assumes non-GAAP earnings per share of 95 cents to a penny. While non-GAAP costs and expenses are anticipated within $612-$622 million. Non-GAAP earnings per share are forecast between $4.20 and $4.27, indicating 7.5-9% growth on a year-over-year basis.įor the fiscal first quarter, the company’s revenues are likely to be in the $775-$810 million range. Under ASC 606, revenues for fiscal 2019 are predicted between $3.34 billion and $3.37 billion. Revenues are projected to be in the range of $3.29-$3.34 billion, representing 5.5-7% year-over-year growth. The company estimates transition to ASC 606 induce a reduction of nearly $40 million in fiscal 2019 revenues.
#SYNOPSYS LAYOFF SOFTWARE#
The company expects Software Integrity to attain nearly 10% of its total revenues in fiscal 2019. The company intends to deliver a comprehensive Software Integrity Platform in 2019, designed to provide “a streamlined, more robust solution in what has been highly fragmented market, delivering high value for our customers.” The company aims to achieve this through a mix of revenue growth, prudent expense management and a continued scaling of Software Integrity. Moreover, the company envisions a gradual expansion of non-GAAP operating margins to the high 20s’ band with a target to reach 26% by 2021. The company expects growth in EDA revenues to be in the mid-to-high single digits, IP/Systems revenues generally in the low double-digits and Software Integrity revenues in the 20% range. Synopsys is looking to grow total revenues in the high-single-digit range. Non-GAAP earnings per share for fiscal 2018 summed $3.99 compared with $3.42 for fiscal 2017. The company delivered fiscal 2018 revenues of $3.121 billion, having augmented 14.5% year over year. The company bought back $1.2 billion of stock over the last three years, reducing the share count by 5 million in turn. The company completed the accelerated share repurchase of $165 million, which began in May 2018, resulting in the total buybacks of $400 million during 2018. Synopsys exited the fiscal fourth quarter with cash and cash equivalents of $723.1 million compared with $741.2 million at the end of the previous quarter.ĭuring the reported quarter, the company generated $131 million of cash from operational activities. Operating margin contracted 150 basis points (bps) year over year to 17.2%. Synopsys’ non-GAAP operating income of $136.8 increased 4.7% from the prior-year period.
Total non-GAAP costs and expenses were $658 million, up 16.3% year over year. Price, Consensus and EPS Surprise | Synopsys, Inc. Revenues in Japan (9%) ascended 12% to $72.5 million. Revenues in Europe (12%) were up 29.4% to $96 million.Īsia Pacific revenues (30%) rose 7.6% to $238.9 million.
Geographically, Synopsys’s revenues in North America (49% of total) climbed 15.5% to $387.7 million. Revenues from the Services and Other segment (2%), however, rose 33% year over year to $14.9 million. Manufacturing revenues (8%) also grew 13.6% year over year to $64.2 million. Revenues from IP/Systems/SI (38%) increased 34.4% year over year to 303.9 million. Per product group, revenues from Core EDA (52% of total) inched up 2.3% to $412 million. Maintenance and service revenues (15%) surged 31% year over year to $123 million. Upfront revenues (8%) of $66 million fell 11% year over year. Segment wise, Time-Based Products revenues (76% of the total generated) came in at $605.6 million, up nearly 14.7% from the year-earlier period. Management noted that the company’s buyouts of Cigital and Black Duck are establishing tactical quality relations with clients, leading to higher demand creation, cross-selling and a substantial rise in brand recognition. Strong growth across all product groups and geographies impacted the top-line results. SNPS reported fourth-quarter fiscal 2018 non-GAAP earnings of 78 cents per share, in line with the Zacks Consensus Estimate but 13% higher than the year-ago quarter’s figure.Īlthough revenues jumped 14% year over year to $795, it matched the Zacks Consensus Estimate.
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