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SNPS

Synopsys

$102.98

1.08 (1.06%)

16:31
02/20/19
02/20
16:31
02/20/19
16:31

Synopsys sees Q2 adjusted EPS $1.07-$1.12, consensus $1.05

Sees Q2 revenue $810M-$850M, consensus $820.06M.

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    Sep

SNPS Synopsys
$102.98

1.08 (1.06%)

12/06/18
12/06/18
UPGRADE
Target $110

Buy
Synopsys upgraded to Buy after 'ultra conservative' FY19 guidance at Benchmark
As previously reported, Benchmark analyst Gary Mobley upgraded Synopsys to Buy from Hold after the company reported slightly better than expected Q4 results and in-line FY19 guidance. He cites the recent share price decline ahead of the report, what he sees as a "high likelihood" that Synopsys will continue to experience high-single-digit percentage organic revenue growth and management's renewed focus to drive operating margins higher. Mobley, who also contends that management's FY19 revenue guidance will "prove ultra conservative," set a $110 price target on Synopsys shares.
12/06/18
NEED
12/06/18
NO CHANGE
Target $115
NEED
Buy
Synopsys price target raised to $115 from $105 at Needham
Needham analyst Richard Valera raised his price target on Synopsys to $115 and kept his Buy rating after its "solid" Q4 results and in-line initial FY19 guidance. The analyst points to "healthy design-driven demand for its tools despite macro turbulence" along with a raise by the company's "historically conservative management" for its long-term earnings growth from high single digit % to double-digits and a long-term revenue growth target of high single digits. Valera adds that the new targets are "supported by a healthier long term outlook for core Electronic Design Automation segment, as well as momentum and critical mass in the company's IP and SI businesses."
12/06/18
12/06/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Activision Blizzard (ATVI) upgraded to Overweight from Neutral at JPMorgan with analyst Alexia Quadrani saying the stock is down 45% from an all-time high in early October, and now trades at 16.5 times forward consensus earnings, compared to 25.5 times and 23.0 times on average over the prior one and three year periods. 2. Bristol-Myers (BMY) upgraded to Outperform from Market Perform at BMO Capital with analyst Alex Arfaei saying the risk-reward on the stock at current price "seems attractive." 3. Hostess Brands (TWNK) upgraded to Overweight from Neutral at JPMorgan analyst Ken Goldman saying by this time next year, today's two major headwinds - lost business with Walmart (WMT) and the "EBITDA-hemorrhaging" Cloverhill acquisition - will be lapped and potentially become tailwinds. 4. Spirit Airlines (SAVE) upgraded to Outperform from Neutral at with analyst Jose Caiado De Sousa saying after a "massive" Q4 unit revenue guidance boost last week, the analyst sees further upside in the equity into H1 of 2019, with expected continued momentum in non-ticket revenue production amid a lower oil environment and a benign competitive backdrop. 5. Synopsys (SNPS) upgraded to Buy from Hold at Benchmark with analyst Gary Mobley citing slightly better than expected Q4 results and in-line FY19 guidance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/08/19
KEYB
01/08/19
NO CHANGE
KEYB
Microsoft, Salesforce among top Software stocks to own in 2019, says KeyBanc
KeyBanc analyst Brent Bracelin notes that despite challenging market conditions during Q4, the 45 software applications in his coverage universe outperformed the broader market by a wide margin. While industry conditions for application software appear more volatile entering 2019, the analyst sees a favorable backdrop for modern cloud-based applications with recurring subscription-based revenue models and continues to favor growth over value. His top software application stocks to own for 2019 include Microsoft (MSFT), Synopsys (SNPS), PTC (PTC), RealPage (RP), Talend (TLND), Salesforce (CRM), Shopify (SHOP), Twilio (TWLO), Avalara (AVLR).

TODAY'S FREE FLY STORIES

XLRN

Acceleron

$44.67

0.75 (1.71%)

22:05
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09/16
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22:05
Recommendations
Acceleron analyst commentary at Piper Jaffray »

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PNRL

Paringa Resources

$2.28

-0.06 (-2.56%)

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Paringa Resources names Jim Middleton as Executive Advisor »

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RBNC

Reliant Bancorp

$24.70

0.16 (0.65%)

20:17
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Reliant Bancorp to buy Tennessee Community Bank Holdings for $37.2M »

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    Sep

ORCL

Oracle

$53.12

-0.64 (-1.19%)

, INTC

Intel

$52.21

-0.32 (-0.61%)

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Intel, Oracle collaborate on Optane DC Persistent Memory »

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Oracle

$53.12

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INTC

Intel

$52.21

-0.32 (-0.61%)

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  • 24

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ORCL

Oracle

$53.12

-0.64 (-1.19%)

, VMW

VMware

$155.87

4.81 (3.18%)

19:08
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Hot Stocks
VMware, Oracle expand partnership on hybrid cloud »

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Oracle

$53.12

-0.64 (-1.19%)

VMW

VMware

$155.87

4.81 (3.18%)

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ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

, BBCP

Concrete Pumping

$4.40

0.265 (6.41%)

19:05
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Hot Stocks
Fly Intel: After Hours Movers »

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ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

BBCP

Concrete Pumping

$4.40

0.265 (6.41%)

GLW

Corning

$30.04

-0.12 (-0.40%)

XLRN

Acceleron

$44.67

0.75 (1.71%)

SHOP

Shopify

$337.93

-0.77 (-0.23%)

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

PSTV

Plus Therapeutics

$9.51

-0.05 (-0.52%)

03/08/13
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KHC

Kraft Heinz

$29.62

0.37 (1.27%)

19:03
09/16/19
09/16
19:03
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19:03
Hot Stocks
3G Capital sells 25.1M shares of Kraft Heinz »

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KHC

Kraft Heinz

$29.62

0.37 (1.27%)

18:53
09/16/19
09/16
18:53
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18:53
Hot Stocks
Kraft Heinz's Lemann acquires nearly 3.5M common shares »

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  • 01

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HMSY

HMS Holdings

$37.14

0.24 (0.65%)

18:43
09/16/19
09/16
18:43
09/16/19
18:43
Hot Stocks
HMS Holdings acquires VitreosHealth for approximately $36.5M »

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18:25
09/16/19
09/16
18:25
09/16/19
18:25
General news
U.S. industrial production preview: »

U.S. industrial…

18:25
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09/16
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General news
Treasury Market Summary »

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ICAD

iCAD

$6.89

-0.01 (-0.14%)

18:25
09/16/19
09/16
18:25
09/16/19
18:25
Conference/Events
iCAD to hold an investor reception »

Management hosts "An…

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GLW

Corning

$30.04

-0.12 (-0.40%)

18:18
09/16/19
09/16
18:18
09/16/19
18:18
Hot Stocks
Corning down 5.5% or $1.64 at $28.40 per share after cutting volume outlook »

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WE

We Company

$0.00

(0.00%)

18:17
09/16/19
09/16
18:17
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18:17
Periodicals
We Company IPO delayed until October at earliest, WSJ reports »

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GLW

Corning

$30.04

-0.12 (-0.40%)

18:16
09/16/19
09/16
18:16
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18:16
Hot Stocks
Corning cuts Q3 volume guidance for Display and Optical Communications units »

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WE

We Company

$0.00

(0.00%)

18:05
09/16/19
09/16
18:05
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18:05
Periodicals
Breaking Periodicals news story on We Company »

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GM

General Motors

$37.21

-1.62 (-4.17%)

18:02
09/16/19
09/16
18:02
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18:02
Periodicals
Auto workers strike could cost GM $100M daily, WSJ says »

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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

17:57
09/16/19
09/16
17:57
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17:57
Hot Stocks
Hamilton Lane vice chairman sells 150K shares of common stock »

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17:52
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17:52
Conference/Events
SVB Leerink biotech analysts to hold analyst/industry conference call »

Biotech Analysts discuss…

HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

17:52
09/16/19
09/16
17:52
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17:52
Hot Stocks
Hamilton Lane chairman sells 78.5K shares of common »

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  • 26

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GD

General Dynamics

$190.91

0.98 (0.52%)

, BAH

Booz Allen

$70.35

0.85 (1.22%)

17:44
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17:44
Hot Stocks
General Dynamics, Booz Allen and Parsons awarded $427M max Air Force contract »

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GD

General Dynamics

$190.91

0.98 (0.52%)

BAH

Booz Allen

$70.35

0.85 (1.22%)

PSN

Parsons

$37.25

0.35 (0.95%)

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  • 27

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T

AT&T

$37.32

-0.58 (-1.53%)

17:43
09/16/19
09/16
17:43
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17:43
Periodicals
Suit claims AT&T told employees to make fake DirecTV accounts, Bloomberg says »

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  • 23

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UBER

Uber

$34.42

1.18 (3.55%)

, LYFT

Lyft

$47.78

1.68 (3.64%)

17:39
09/16/19
09/16
17:39
09/16/19
17:39
Periodicals
Uber to limit drivers' app access in NYC to comply with rules, Reuters says »

Uber (UBER) on Tuesday…

UBER

Uber

$34.42

1.18 (3.55%)

LYFT

Lyft

$47.78

1.68 (3.64%)

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NEE

NextEra Energy

$218.31

-0.19 (-0.09%)

17:36
09/16/19
09/16
17:36
09/16/19
17:36
Conference/Events
NextEra Energy management to meet with UBS »

Meeting to be held in…

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NJR

New Jersey Resources

$44.80

-0.36 (-0.80%)

17:34
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09/16
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17:34
Hot Stocks
New Jersey Resources formally appoints Steve Westhoven CEO »

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