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Synopsys Inc. Message Board

  • Uebercynic Uebercynic May 14, 1998 1:21 AM Flag

    SoundView upgrades SNPS after it has alr

    Mr. Desai only knows to play catch-up. If you go
    back to the history of his upgrades and downgrades on
    SNPS, you'll see that it's better not to follow his
    advice. (But this time he may be right, though a little
    too late.) He downgraded SNPS while it was in the low
    30's, and now he's upgrading it when the price has
    already made a large upward movement. And look at the
    earnings revision! From $2.00 to $2.58! What a
    joke.


    NEW YORK, May 13 (Reuters) - SoundView Financial
    Group Inc. said Wednesday it raised its short-term
    rating on shares of
    Synopsys Inc. to buy from hold
    while keeping its long-term hold rating on the
    stock.

    -- Analyst Erach Desai increased his fiscal 1998
    earnings estimate to $1.99 per share from $1.94 per share
    and his 1999
    estimate to $2.58 per share from
    $2.00 per share.

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    • Synopsys Shares to Reach Mid-50s in About a Year,
      Business Week

      Bloomberg News
      May 14, 1998,
      4:16 p.m. PT

      Mountain View, California, May
      14 (Bloomberg) -- Synopsys
      Inc. - whose shares
      rose 5/16 to 43 3/16 on Thursday - could
      reach the
      mid-50s in about a year, said Jurika & Voyles
      portfolio
      manager Guy Elliffe in Business Week's ``Inside
      Wall Street''
      column. Elliffe sees Synopsys, which
      supplies software to
      computer chipmakers, earning
      $1.90 a share for the fiscal year
      ending Sept. 30,
      compared with $1.34 a share in the year earlier

      period. The company, whose shares have risen 20.8 percent
      year-to-
      date, will continue to grow, the magazine said,
      thanks to demand
      for its new products.


      Synopsys Chairman and Chief Executive Aart de Geus
      last
      month said he expects fiscal 1998 earnings to be
      in line with
      analysts' estimates of about $1.93
      a share.

 
SNPS
47.52-0.74(-1.53%)Apr 29 4:00 PMEDT