Synopsys (SNPS) Competitors

$527.50
+12.01 (+2.33%)
(As of 04/23/2024 ET)

SNPS vs. CDNS, ADSK, PLTR, EA, ANSS, SPLK, MSTR, OKTA, DOCU, and IBM

Should you be buying Synopsys stock or one of its competitors? The main competitors of Synopsys include Cadence Design Systems (CDNS), Autodesk (ADSK), Palantir Technologies (PLTR), Electronic Arts (EA), ANSYS (ANSS), Splunk (SPLK), MicroStrategy (MSTR), Okta (OKTA), DocuSign (DOCU), and International Business Machines (IBM).

Synopsys vs.

Synopsys (NASDAQ:SNPS) and Cadence Design Systems (NASDAQ:CDNS) are both large-cap computer and technology companies, but which is the superior investment? We will contrast the two companies based on the strength of their media sentiment, profitability, dividends, institutional ownership, earnings, analyst recommendations, community ranking, valuation and risk.

85.5% of Synopsys shares are owned by institutional investors. Comparatively, 84.9% of Cadence Design Systems shares are owned by institutional investors. 0.7% of Synopsys shares are owned by company insiders. Comparatively, 0.6% of Cadence Design Systems shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

In the previous week, Cadence Design Systems had 61 more articles in the media than Synopsys. MarketBeat recorded 69 mentions for Cadence Design Systems and 8 mentions for Synopsys. Synopsys' average media sentiment score of 1.58 beat Cadence Design Systems' score of 0.42 indicating that Synopsys is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Synopsys
7 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Cadence Design Systems
19 Very Positive mention(s)
8 Positive mention(s)
19 Neutral mention(s)
6 Negative mention(s)
2 Very Negative mention(s)
Neutral

Cadence Design Systems has a net margin of 25.46% compared to Synopsys' net margin of 22.96%. Cadence Design Systems' return on equity of 35.57% beat Synopsys' return on equity.

Company Net Margins Return on Equity Return on Assets
Synopsys22.96% 22.88% 13.88%
Cadence Design Systems 25.46%35.57%20.53%

Synopsys has higher revenue and earnings than Cadence Design Systems. Synopsys is trading at a lower price-to-earnings ratio than Cadence Design Systems, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Synopsys$5.84B13.77$1.23B$9.0858.09
Cadence Design Systems$4.09B18.79$1.04B$3.8273.88

Synopsys received 245 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 72.09% of users gave Synopsys an outperform vote while only 71.19% of users gave Cadence Design Systems an outperform vote.

CompanyUnderperformOutperform
SynopsysOutperform Votes
811
72.09%
Underperform Votes
314
27.91%
Cadence Design SystemsOutperform Votes
566
71.19%
Underperform Votes
229
28.81%

Synopsys has a beta of 1.06, meaning that its share price is 6% more volatile than the S&P 500. Comparatively, Cadence Design Systems has a beta of 1.04, meaning that its share price is 4% more volatile than the S&P 500.

Synopsys presently has a consensus price target of $601.00, suggesting a potential upside of 13.86%. Cadence Design Systems has a consensus price target of $316.50, suggesting a potential upside of 13.34%. Given Synopsys' stronger consensus rating and higher possible upside, equities analysts clearly believe Synopsys is more favorable than Cadence Design Systems.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Synopsys
0 Sell rating(s)
0 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
3.00
Cadence Design Systems
0 Sell rating(s)
2 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.78

Summary

Synopsys beats Cadence Design Systems on 12 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding SNPS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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SNPS vs. The Competition

MetricSynopsysPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$80.44B$21.20B$18.93B$7.47B
Dividend YieldN/A2.25%2.79%3.97%
P/E Ratio58.0988.26229.0016.65
Price / Sales13.778.99529.9882.50
Price / Cash49.8263.9827.3327.23
Price / Book13.0410.316.644.30
Net Income$1.23B$345.56M$623.95M$213.07M
7 Day Performance-2.52%2.93%-0.25%0.67%
1 Month Performance-11.23%-3.77%-3.67%-4.11%
1 Year Performance39.81%13.88%14.57%6.09%

Synopsys Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CDNS
Cadence Design Systems
4.7079 of 5 stars
$300.81
-0.2%
$316.10
+5.1%
+33.8%$81.89B$4.09B78.7511,200Earnings Report
Analyst Report
Analyst Revision
News Coverage
Gap Down
ADSK
Autodesk
4.8697 of 5 stars
$228.24
-0.6%
$272.44
+19.4%
+11.9%$48.82B$5.50B54.2113,700
PLTR
Palantir Technologies
2.2864 of 5 stars
$21.87
-0.1%
$18.35
-16.1%
+156.4%$48.39B$2.23B243.033,735
EA
Electronic Arts
3.7973 of 5 stars
$126.55
-0.4%
$147.00
+16.2%
-1.5%$33.83B$7.43B31.8813,400Analyst Report
ANSS
ANSYS
3.3886 of 5 stars
$326.81
-0.4%
$322.75
-1.2%
+0.4%$28.53B$2.27B57.036,200Analyst Report
SPLK
Splunk
1.6714 of 5 stars
$156.90
flat
$135.31
-13.8%
+72.2%$26.44B$4.22B124.528,000Positive News
MSTR
MicroStrategy
3.7575 of 5 stars
$1,254.03
-6.1%
$1,473.00
+17.5%
+355.0%$21.28B$496.26M44.501,934Upcoming Earnings
Insider Selling
OKTA
Okta
3.2775 of 5 stars
$95.01
+0.8%
$100.39
+5.7%
+22.7%$15.90B$2.26B-43.785,908
DOCU
DocuSign
3.7759 of 5 stars
$57.74
+1.9%
$60.25
+4.3%
+9.4%$11.86B$2.76B160.396,840
IBM
International Business Machines
4.2794 of 5 stars
$183.77
+1.4%
$178.08
-3.1%
+44.7%$168.47B$61.86B22.60305,300Upcoming Earnings
Analyst Report
News Coverage

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This page (NASDAQ:SNPS) was last updated on 4/23/2024 by MarketBeat.com Staff

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