The May issue of Money magazine lists "10 Tech Stocks for the next Decade." Synopsys is on the list!!! Along with CSCO, EMC, and others.
Go long and good luck.
The conference call was very positive in my
opinion. They do not see any of the problems that CDN
cited. They feel that the industry is in a good position
and are comfortable with their position and estimates
of 20% top line growth and earnings of $2.50 for the
Also, the comompany is positioning
itself for the move to 0.18 micron. In doing so they
will be entering the physical design arena. Also, they
stated that they bought Gambit Design
The number for next quarter is $0.64.
60 cents. Nailed the uppermost level of the range
of .56 to .60.
"Record revenue for the
quarter. Earnings growth ACCELERATING."
up 46% for the quarter/last yr quarter comp!!!
EPS up 36% for the quarter/last yr quarter
Net income up 63% for the 6 month/last yr 6 mo
EPS up 53% for the 6 month/last yr 6 mo
Solid acquisitions in Gambit and Smartech for future
Total assets up almost 17% compared to last year
including tons of
This stock is severely underpriced at it's current
levels with the latest earnings release. The growth
rates above are absolutely phenomenal and justify a PE
well above current ranges.
I'm not even going
to try to guess where we'll open tomorrow- just
going to sit back and enjoy the ride in a very vertical
Bounced nicely off the low 40s
Shorts have been covering (and should drive the price up
heavily in last 15 minutes of trading to come) before
earnings are released after the bell (downside limited
considering company preannounced would be within the expected
range so not a good idea to hold short
I'm liking the way things are shaping up. If
expectations are met, I'm looking for a return to a recent
trading average of 48-50 in the next few weeks. If
expectations are beaten, 50 will be taken out in a day or two
of trading and who knows where it runs from there.