The Latest Breaking News from SNPs

As Synopsys drives smart technology and AI and machine learning innovations, the stock designs a new buy point.

Synopsys (NASDAQ:SNPS) has outperformed the market over the past 10 years by 15.2% on an annualized basis producing an average annual return of 27.35%. Currently, Synopsys has a market capitalization of $50.46 billion.

Investors' concerns over the Federal Reserve's interest rate increases to combat inflationary pressures, and looming recession fears, have heightened market volatility. However, a few companies look sufficiently well positioned to withstand the current market turbulence and they recently raised their full-year outlooks. Therefore, we think it could be wise to…

Thanks to strategic partnerships and acquisitions, technology company Synopsys (SNPS) has achieved considerable operating-margin expansion across its business sectors. And given the company’s strong fundamentals and potential for long-term profitable growth, we think its stock is a great bet now. Read on.