Synopsys Stock Drops, Underperforming Peers

Synopsys, a leading electronic design software company, has seen a significant drop in its stock performance, with shares falling over thirty-seven percent from their fifty-two-week high. Despite a fourteen percent year-over-year revenue increase, adjusted earnings per share declined, missing Wall Street estimates. This led to a sharp drop in the companys share price and a longer-term bearish trend. In contrast, competitor Cadence Design Systems has shown resilience, highlighting Synopsys challenges in the competitive tech market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.