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SNPS

Synopsys

$86.26

-0.14 (-0.16%)

, SIEGY

Siemens

$0.00

(0.00%)

19:59
07/03/18
07/03
19:59
07/03/18
19:59

Synopsys pays Siemens $65M to settle Mentor Graphics litigation

Synopsys (SNPS) said it and Siemens (SIEGY) have settled all outstanding patent litigation between Synopsys and Mentor Graphics. The settlement includes mutual seven-year patent cross-licenses between Synopsys and Siemens, and between Synopsys and Mentor Graphics, as well as a Synopsys payment to Siemens of $65M. Synopsys added that there is no change to the non-GAAP financial targets it provided on May 23. Synopsys expects the agreements to result in a one-time GAAP-only expense of approximately $25M-50M and a one-time cash flow impact of $65M in Q3, neither of which is reflected in the respective financial targets provided on May 23.

SNPS

Synopsys

$86.26

-0.14 (-0.16%)

SIEGY

Siemens

$0.00

(0.00%)

SNPS Synopsys
$86.26

-0.14 (-0.16%)

01/18/18
KEYB
01/18/18
NO CHANGE
KEYB
Cost savings emerge as 'killer app' for artificial intelligence, says KeyBanc
Over the past 35 days, KeyBanc analyst Brent Bracelin hosted meetings at Adobe (ADBE), Autodesk (ADSK), Algorithmia, Cloudera (CLDR), Coupa (COUP), Facebook (FB), Guidewire (GWRE), Netflix (NFLX), NVIDIA (NVDA), Salesforce (CRM), SAP, Synopsys (SNPS), Twilio (TWLO), Tableau (DATA), Talend (TLND), Veeva (VEEV), Workday (WDAY), and Zendesk (ZEN) as part of an AI & Cloud-themed field trip. The analyst notes that cost savings have emerged as the "killer app" for artificial intelligence, and large enterprise interest in migrating back-office apps to cloud has been slow, but is picking up, conversational AI and bot activity is yielding real cost savings. Further, Bracelin sees 2018 as a defining year for enterprise AI applications, and is most impressed by enterprise AI initiatives at Microsoft (MSFT), Zendesk, Guidewire, and Adobe.
04/05/18
DADA
04/05/18
UPGRADE
Target $45
DADA
Buy
Cadence Design upgraded to Buy from Neutral at DA Davidson
DA Davidson analyst Thomas Diffely upgraded Cadence Design (CDNS) to Buy from Neutral and kept his $45 price target. Diffely points to the divergence of strong business activity against weak stock performance for the company, saying the 20% slide since the end of January creates an "attractive buying opportunity". The analyst notes that Cadence Design is gaining market share, mainly from Mentor Graphics (MENT) and no longer trades at a "meaningful" premium to Synopsys (SNPS), adding that he is positive on the company's short and long-term electronic design automation opportunity.
05/23/18
JPMS
05/23/18
NO CHANGE
Target $87
JPMS
Underweight
Synopsys benefited from auto industry strength, says JPMorgan
JPMorgan analyst Sterling Auty kept his Underweight rating and $87 price target on Synopsys after its Q2 results. The analyst says that after two quarters of "significant upside" in revenue, Q2 results were more in line, adding that the raised guidance for FY18 suggests that bookings upside may be spilling into the second half of the year. Auty notes that the company is benefiting from strength in the auto demand coming from several angles, with more software and hardware technology being pushed into cars. Longer term, the analyst believes that the positive fundamentals are baked into the price.
05/25/18
DADA
05/25/18
NO CHANGE
Target $105
DADA
Buy
Synopsys 'bullish thesis firmly intact', says DA Davidson
DA Davidson analyst Thomas Diffely kept his Buy rating and $105 price target on Synopsis, saying the company saw broad-based strength and another record revenue quarter in Q2. The analyst notes that his bullish thesis on Synopsis remains intact amid several emerging industry trends expected to play out over the next few years. Specifically, Diffely points to the emergence of AI in big data analysis, the demands of the growing autonomous driving industry, and the proliferation of Internet of Things technologies benefiting Synopsis product portfolio demand.
SIEGY Siemens
$0.00

(0.00%)

12/05/17
LEHM
12/05/17
DOWNGRADE
LEHM
Underweight
Siemens downgraded to Underweight from Equal Weight at Barclays
Barclays analyst James Stettler downgraded Siemens to Underweight and lowered his price target for the shares to EUR 110 from EUR 125.
12/11/17
MSCO
12/11/17
UPGRADE
MSCO
Overweight
Siemens upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Ben Uglow upgraded Siemens to Overweight with a price target of EUR 134.
04/02/18
VERT
04/02/18
UPGRADE
VERT
Buy
Siemens upgraded to Buy from Hold at Vertical Research
04/17/18
UBSW
04/17/18
NO CHANGE
UBSW
Buy
Siemens undervalued ahead of catalysts, says UBS
UBS analyst Markus Mittermaier believes Siemens shares have a price disconnect from the company's fundamentals. He noted there are issues weighing down the shares, such as India market issues and the gas turbine market forecast, but he believes these issues are understood. The analyst sees a number of catalysts ahead and believes investors should focus on the positive story. Mittermaier reiterated his Buy rating on Siemens shares.

TODAY'S FREE FLY STORIES

RTN

Raytheon

$161.77

2.4 (1.51%)

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GOOG

Alphabet

$1,079.92

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, FOSL

Fossil

$17.50

0.09 (0.52%)

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GOOG

Alphabet

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FOSL

Fossil

$17.50

0.09 (0.52%)

GOOGL

Alphabet Class A

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0.87 (0.08%)

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JPM

JPMorgan

$102.54

0.06 (0.06%)

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PHG

Philips

$35.40

(0.00%)

12:29
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Periodicals
Philips to shutter U.K. factory as Brexit concerns intensify, Bloomberg says »

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LMFA

LM Funding

$2.19

0.765 (53.87%)

12:27
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LM Funding spikes 53% after completing IIU acquisition, sees accretion in 2019 »

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NWSA

News Corp.

$12.42

0.03 (0.24%)

12:25
01/17/19
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12:25
Upgrade
News Corp. rating change  »

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FDC

First Data

$22.17

0.9 (4.23%)

12:25
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12:25
Options
First Data call volume above normal and directionally bullish »

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BLK

BlackRock

$410.20

-2.65 (-0.64%)

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BlackRock CEO calls on business leaders to tackle social issues, FT says »

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MS

Morgan Stanley

$42.66

-1.82 (-4.09%)

, AAPL

Apple

$154.13

-0.75 (-0.48%)

12:22
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On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks opened in negative…

MS

Morgan Stanley

$42.66

-1.82 (-4.09%)

AAPL

Apple

$154.13

-0.75 (-0.48%)

JNJ

Johnson & Johnson

$128.65

0.65 (0.51%)

SHLD

Sears

$0.00

(0.00%)

SBNY

Signature Bank

$120.40

7.98 (7.10%)

MTB

M&T Bank

$161.77

7.32 (4.74%)

SIG

Signet Jewelers

$25.63

-7.745 (-23.21%)

WDC

Western Digital

$35.97

-1.83 (-4.84%)

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LPCN

Lipocine

$2.24

0.65 (40.88%)

12:17
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01/17
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12:17
Recommendations
Lipocine analyst commentary  »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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Technical Analysis
NASDAQ market internals summary »

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LMB

Limbach Holding

$5.00

(0.00%)

12:16
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Limbach awarded contracts totaling $81.4M for hospital construction »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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Technical Analysis
NYSE market internals summary »

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LPCN

Lipocine

$2.27

0.68 (42.77%)

12:12
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Periodicals
Lipocine NASH data contain plenty of 'red flags,' STAT's Feuerstein writes »

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CVE

Cenovus Energy

$7.79

-0.19 (-2.38%)

12:10
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Options
Second day of call buying in Cenovus Energy continues as shares slump »

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SQ

Square

$68.79

2.9 (4.40%)

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Square launches free debit card for business, with sellers access to funds »

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ALBO

Albireo Pharma

$24.54

0.08 (0.33%)

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Albireo Pharma treatment of biliary atresia granted FDA orphan status »

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GPOR

Gulfport Energy

$8.67

-0.23 (-2.58%)

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UNFI

United Natural Foods

$13.09

-2.32 (-15.06%)

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United Natural Foods falls -15.1% »

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ESTE

Earthstone Energy

$5.28

-1.49 (-22.01%)

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Earthstone Energy falls -21.9% »

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SIG

Signet Jewelers

$25.49

-7.885 (-23.63%)

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Signet Jewelers falls -23.6% »

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SKX

Skechers

$27.64

2.27 (8.95%)

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CSV

Carriage Services

$18.60

1.61 (9.48%)

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Hot Stocks
Carriage Services rises 9.6% »

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SNH

Senior Housing

$12.82

-0.07 (-0.54%)

12:00
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Put buyers in Senior Housing Properties »

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SHLD

Sears

$0.00

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Sears confirms ESL selected as winning bidder in bankruptcy auction »

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