$SNPS (Synopsys Inc.)

$SNPS {{ '2016-08-18T06:19:57+0000' | timeago}} • Webcast

Electronic design automation company $SNPS has completed its second accelerated share purchase for 2016 of $125MM, and YTD has bought back 325MM of stock. Company has $175MM remaining on its current authorization.

$SNPS {{ '2017-07-26T17:06:48+0000' | timeago}} • Announcement

$SNPS announced that semiconductor company MediaTek has adopted its HAPS-80 prototyping system, part of the Verification Continuum Platform, for their broad portfolio of next generation system-on-chips (SoCs). HAPS-80 will enable MediaTek to accelerate their software development and system validation tasks.

$RMBS {{ '2017-06-05T14:56:07+0000' | timeago}} • Announcement

Tech firm $RMBS has entered into a partnership with $SNPS to accelerate the adoption of advanced security platforms and technologies to protect valuable assets during key and device provisioning. Rambus will provide its CryptoManager infrastructure and key provisioning services to support Synopsys' "DesignWare tRoot HSMs with Root of Trust".

$SNPS {{ '2017-05-17T22:34:21+0000' | timeago}} • Webcast

In the software security business, $SNPS said it expects growth rate in the range of 20% going forward. Additionally, the company added that on the classic software integrity business, the company is on track to do break-even in 2H17.

$SNPS {{ '2017-05-17T21:37:04+0000' | timeago}} • Webcast

$SNPS expects total GAAP cost and expenses for 3Q17 to be in the range of $574-593MM. For the remainder of 2017, the company expects 4Q17 to be the lowest revenue and EPS quarter due to the timing of hardware shipments and seasonally higher operating expenses.

$SNPS {{ '2017-05-17T20:30:55+0000' | timeago}} • Announcement

For FY17, $SNPS expects revenue in the range of $2.65-2.67Bil and GAAP earnings per share of $1.84-1.97. Excluding one-off items, net earnings is expected to be between $3.24 and $3.29.

$SNPS {{ '2017-05-17T20:27:37+0000' | timeago}} • Announcement

For 3Q17, $SNPS sees revenue in the range of $685-700MM and GAAP EPS of $0.69-0.78. Excluding special items, $SNPS hopes to earn $0.91-0.94 during the quarter.

$SNPS {{ '2017-05-17T20:23:51+0000' | timeago}} • Announcement

Software company $SNPS reported 12% growth in revenue to $680.1MM in 2Q17, helped by hardware shipments. Net income was $53.3MM, or $0.34 per share, compared to $69.4MM, or $0.45 per share in 2Q16. On a non-GAAP basis, net income was $0.88 per share.

$SNPS {{ '2017-02-23T21:17:59+0000' | timeago}} • Announcement

$SNPS has entered into an accelerated share repurchase agreement with Wells Fargo Bank NA, to repurchase an aggregate of $100MM of $SNPS stock. Under the terms of the ASR, $SNPS will receive an aggregate initial share delivery of approx. 1.12MM shares, with the remainder to be settled on or before May 17, 2017, upon completion of the repurchase.

$SNPS {{ '2017-02-16T00:04:19+0000' | timeago}} • Announcement

For 2Q17, $SNPS expects revenue to be $665-680MM, GAAP EPS to be $0.51-0.59 and non-GAAP EPS to be $0.85-0.88.

$SNPS {{ '2017-02-16T00:03:11+0000' | timeago}} • Announcement

$SNPS lifted its FY17 outlook. "Our first quarter results and confidence in the year lead us to increase annual revenue, earnings per share and operating cash flow targets," said co-CEO Aart de Geus. The company expects revenue to be $2.58-2.61Bil, GAAP EPS to be $2.01-2.12 and non-GAAP EPS to be $3.21-3.26 in FY17.

$SNPS {{ '2017-02-15T23:58:30+0000' | timeago}} • Announcement

$SNPS, a provider of semiconductor electronic design automation software, reported higher profit in 1Q17, helped by higher revenues. Net income was $86.6MM or $0.56 per share compared to $60.04MM or $0.39 per share a year earlier. Revenue rose 15% YoY to $652.8MM. Non-GAAP EPS was $0.94 compared to $0.68 in 1Q16.

$SNPS {{ '2017-01-31T12:59:47+0000' | timeago}} • Announcement

$SNPS announced that Brian Beattie, EVP of business operations and chief administrative officer, will retire effective December 22, 2017.

$SNPS {{ '2017-01-10T21:15:44+0000' | timeago}} • Announcement

$SNPS announced completion of the acquisition of certain assets of Forcheck b.v., a privately held software company based in the Netherlands. This acquisition provides the company with additional static analysis technology to extend the capabilities of its Software Integrity Platform and create new business opportunities.

$SNPS {{ '2016-12-06T15:12:55+0000' | timeago}} • Announcement

$SNPS said it has entered into an accelerated share repurchase agreement with Wells Fargo Bank NA, to repurchase an aggregate of $100MM of $SNPS stock. The company will receive an aggregate initial share delivery of approximately 1.39MM shares, with the remainder to be settled on or before Feb 16, 2017, upon completion of the repurchase.

$SNPS {{ '2016-12-01T12:08:15+0000' | timeago}} • Announcement

$SNPS completed acquisitions of privately-held Cigital, a provider of software security managed and professional services, and Codiscope, a 2015 spinoff of Cigital and provider of complementary security tools. The terms of the deal are not being disclosed.

$SNPS {{ '2016-11-30T22:56:43+0000' | timeago}} • Webcast

$SNPS used about 80% of its free cash flow for buybacks, resulting in a share count reduction of 3.3MM. The company intends to reduce share count further in FY17 and expects fully diluted outstanding shares in the range of 152-155MM.

$SNPS {{ '2016-11-30T22:42:08+0000' | timeago}} • Webcast

$SNPS generated $148MM of operating cash flow for 4Q16 and 587MM for FY16, exceeding original target, driven by strong collection and business levels throughout the year. Operating cash flow is expected to be strong in FY17, with a target of about $500MM.

$SNPS {{ '2016-11-30T22:38:02+0000' | timeago}} • Webcast

$SNPS' backlog remained strong at 3.54Bil, reflecting good business growth and timing of large contract renewals. Weighted average license duration was approx. 2.7 years for 4Q16 and 3 years for FY16. The company expects FY17 average duration to be about 3 years.

$SNPS {{ '2016-11-30T22:34:13+0000' | timeago}} • Webcast

$SNPS achieved good progress with its design and verification products, delivered strong results in IP, and further scaled its software integrity solutions. The company closed the acquisitions of Cigital and Codiscope today and expects to drive long-term shareholder value by balancing investment priorities, including $400MM in share repurchases.

$SNPS {{ '2016-11-30T21:24:59+0000' | timeago}} • Announcement

$SNPS expects FY17 revenue to be in the range of $2.57-2.60Bil. GAAP earnings per share is expected to be in the range of $1.92-2.06 and non-GAAP earnings per share is expected to be in the range of $3.16-$3.23. Other income and expenses is expected to be in the range of $0-4MM.

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