Synopsys Acquiring Ansys, Selling Software Integrity Business.
May 27, 2024
Synopsys reported Q2 results, with sales rising 15%. The company announced it is selling its software application security business - a competitive space where it has few advantages. It is also acquiring materials simulation software firm Ansys. Weak cash flow trends lead to a fair value cut to $312 from a previous $328.
Follow @GreenDotStocks
Information contained on this website represents only the opinions of the author and should not be used as the sole basis for investing decisions. By using this site, you agree to all statements in the Site Policy.
Watch List
| APPF | 4.36% |
| CMG | 39.78% |
| PSTG | 1.00% |
| WDAY | -4.78% |
| VEEV | 18.40% |
| INTU | 19.39% |
| RDDT | 18.79% |
| NTNX | 31.31% |
| CRWD | 97.21% |
| SE | 35.95% |
| SNOW | 18.11% |
vs. Fair Value Estimates
Buy List
| PINS | -37.83% |
| SEMR | -33.03% |
| TSM | -38.09% |
| ZETA | -25.06% |
| GOOG | -49.76% |
| NYAX | -28.04% |
| FLYW | -38.26% |
| HRMY | -59.10% |
| YOU | -40.49% |
| ABNB | -30.33% |
| ADBE | -41.74% |
vs. Fair Value Estimates
Hold List
| ASML | -24.06% |
| VTEX | -14.24% |
| MSFT | -22.79% |
| ODD | -3.20% |
| ASR | -24.16% |
| CELH | 39.48% |
| TOST | 17.67% |
| CPNG | -11.43% |
| HIMS | 3.31% |
| PAYC | -18.31% |
| MNDY | 19.97% |
| GLBE | -21.50% |
| ZS | 39.30% |
| V | -5.66% |
| ADSK | 1.29% |
| NOW | 15.69% |
| MELI | -20.93% |
| FTNT | 2.17% |
| TEAM | 0.47% |
vs. Fair Value Estimates