Synopsys (SNPS) Hits New Lifetime High

Trade-Ideas LLC identified Synopsys (SNPS) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Synopsys

(

SNPS

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Synopsys as such a stock due to the following factors:

  • SNPS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $53.7 million.
  • SNPS has traded 13,136 shares today.
  • SNPS is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in SNPS with the Ticky from Trade-Ideas. See the FREE profile for SNPS NOW at Trade-Ideas

More details on SNPS:

Synopsys, Inc. provides electronic design automation (EDA) software products used to design and test integrated circuits worldwide. SNPS has a PE ratio of 36. Currently there are 4 analysts that rate Synopsys a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Synopsys has been 825,200 shares per day over the past 30 days. Synopsys has a market cap of $8.2 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.01 and a short float of 3.5% with 4.09 days to cover. Shares are up 18.9% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Synopsys as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • SNPS's revenue growth has slightly outpaced the industry average of 8.4%. Since the same quarter one year prior, revenues slightly increased by 8.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Software industry. The net income increased by 24.8% when compared to the same quarter one year prior, going from $55.60 million to $69.38 million.
  • Net operating cash flow has increased to $222.43 million or 43.43% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 22.49%.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Loading ...