Synopsys Stock Dips Despite Strong Earnings Growth Expected
- Synopsys (SNPS) stock fell 1.3% despite tech-heavy Nasdaq gaining 0.17%
- SNPS stock is up 3.63% over the past month, less than the sector and S&P 500
- SNPS expected to report earnings per share of $3.11, up 22.44% year-over-year
- Revenue estimate of $1.58 billion indicates 13.16% growth from last year
- SNPS has a Zacks Rank of #1 (Strong Buy) and premium Forward P/E ratio of 44.39
