great and exceptional qtr given the current state of economy. CEO was very postive about the future growth and it was mentioned that the company is on track to achieve that.
This company has ZERO debt and a huge free cash flow of $200+ millions. Low PE and huge growth potential nxt year.
Beats earnings by 6 cents and revenues in line and earnings in line with estimates for the year. I see a huge opportunity here with very low risk if you can hold it for the long term.
S&P has a current fair value of $25. Given that SNPS has not rallied with the market and 5 dollars below the fair value of $25 and with great earning beat this will be at $30+ soon I think. Anything below that I would grab it all. I hope I can grab some shares before open at $20 level.