Synopsys Stock Slips Despite Upcoming Earnings Where Analysts Expect Continued Growth
- Synopsys (SNPS) stock fell 0.81% despite market gains as upcoming earnings release looms
- SNPS expected to report strong 30%+ EPS growth and 20%+ revenue growth year-over-year
- Stock has lagged sector and market over past month, down 9.61%
- SNPS trades at premium to industry average forward P/E and PEG ratios
- Computer-Software industry ranked in top 38% out of 250+ industries by Zacks