Is It Time To Review Stock Earnings News? Synopsys (NASDAQ:SNPS) declares second fiscal quarter results

Synopsys (NASDAQ:SNPS) spotted trading -7.28% off 52-week high price. On the other end, the stock has been noted 45.43% away from the low price over the last 52-weeks. The stock changed -0.60% to recent value of $115.09. The stock transacted 2453530 shares during most recent day however it has an average volume of 1100.78K shares. The company has 151.87M of outstanding shares and 148.66M shares were floated in the market.

Synopsys (NASDAQ:SNPS) declared results for its second quarter of fiscal year 2019. Revenue for the second quarter of fiscal 2019 was $836.2 million, compared to $776.8 million for the second quarter of fiscal 2018, an increase of approximately 7.6 percent.

Aart de Geus, chairman and co-CEO said “Synopsys delivered an excellent second fiscal quarter, with record revenue and strength across both operating segments. We also continued returning capital to shareholders through an accelerated share repurchase”. “Whereas geopolitical tension has escalated, the overall customer environment for us is quite solid. Investments in sophisticated electronic content and the growing impact of AI in today’s connected world are leading to an ever-increasing need for the Silicon to Software solutions that we provide. As a result of our strong first half execution, we are raising the top end of our annual revenue and non-GAAP earnings guidance for the year.”

GAAP Results

On a generally accepted accounting principles (GAAP) basis, net income for the second quarter of fiscal 2019 was $118.2 million, or $0.77 per share, compared to $102.5 million, or $0.67 per share, for the second quarter of fiscal 2018.

Non-GAAP Results

On a non-GAAP basis, net income for the second quarter of fiscal 2019 was $178.1 million, or $1.16 per share, compared to non-GAAP net income of $165.0 million, or $1.08 per share, for the second quarter of fiscal 2018.

For a reconciliation between GAAP and non-GAAP results, see “GAAP to Non-GAAP Reconciliation” and the accompanying tables below.

Business Segments

Effective in fiscal year 2019, Synopsys reports revenue and operating income in two segments: (1) Semiconductor & System Design, which includes EDA tools, IP products, system integration solutions and associated services, and (2) Software Integrity, which includes security and quality solutions for software development across many industries. Further information regarding these segments is provided at the end of this press release.

Its earnings per share (EPS) expected to touch remained 304.10% for this year while earning per share for the next 5-years is expected to reach at 10.00%. SNPS has a gross margin of 76.40% and an operating margin of 12.60% while its profit margin remained 18.60% for the last 12 months.

According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.75% from the mean of 20 days, -1.01% from mean of 50 days SMA and performed 16.05% from mean of 200 days price. Company’s performance for the week was -4.28%, -4.00% for month and YTD performance remained 36.62%.

Peter Hamm

Peter Hamm is an author, journalist and CEO of the website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. He has always been interested in the stock market and how it behaves. As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Peter observations and experience give him the insight to stock market patterns and the investor behaviors that create them. He reports about Earnings news category. Address: 3876 Levy Court, EASTON, Pennsylvania Email: Peter@newscontrol.info

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