Synopsys reports strong Q4 earnings but lowers 2025 forecasts, causing stock to drop 6.23%.
Synopsys, a leading semiconductor design software company, reported strong Q4 earnings, exceeding analyst expectations with revenue of $1.64 billion. However, the company's stock fell by 6.23% after it revised its FY2025 earnings and revenue guidance downward, citing a drop in China sales due to US export controls. Synopsys also faces a tougher outlook for Q1 2025, projecting a lower EPS range compared to analyst estimates. Despite the stock's decline, analysts maintain a "Moderate Buy" rating with an average price target of $650.50.
December 04, 2024
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