5 Stocks Making Noise After Posting Their Financial Results

4. Synopsys, Inc. (NASDAQ:SNPS)

Number of Hedge Fund Holders: 43

Shares of Synopsys, Inc. (NASDAQ:SNPS) hit a new 52-week high of $365.38 on Thursday, 2 December 2021, after announcing better-than-expected financial results for its fiscal fourth quarter.

Synopsys, Inc. (NASDAQ:SNPS) earned $1.82 per share on an adjusted basis, up from $1.58 per share in the year-ago quarter. Revenue came in at $1.152 billion, compared to $1.025 billion in the same period of 2020. The results exceeded the consensus forecast of $1.78 per share for earnings and $1.150 billion for revenue.

Looking forward, Synopsys, Inc. (NASDAQ:SNPS) expects adjusted earnings in the range of $2.35 – $2.40 per share and revenue between $1.25 – $1.28 billion for its fiscal first quarter.

Discussing the results, co-CEO of Synopsys, Inc. (NASDAQ:SNPS), Aart de Geus said:

“Synopsys delivered another record fiscal year in 2021, substantially exceeding our original targets, with strength in all product groups and geographies. We are entering fiscal year 2022 with significant financial, technology and customer momentum.”