S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Critical asset just had biggest fall on record (Ad)
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
What to watch for as China's major political meeting of the year gets underway
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet

Synopsys (SNPS) Competitors

$591.35
+17.62 (+3.07%)
(As of 03/1/2024 ET)

SNPS vs. CDNS, ADSK, PLTR, DDOG, EA, ANSS, SPLK, 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), Datadog (DDOG), Electronic Arts (EA), ANSYS (ANSS), Splunk (SPLK), Okta (OKTA), DocuSign (DOCU), and International Business Machines (IBM).

Synopsys vs.

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

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

Company Net Margins Return on Equity Return on Assets
Cadence Design Systems25.46% 35.57% 20.53%
Synopsys 22.96%22.88%13.88%

Synopsys received 247 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 72.05% of users gave Synopsys an outperform vote while only 71.43% of users gave Cadence Design Systems an outperform vote.

CompanyUnderperformOutperform
Cadence Design SystemsOutperform Votes
560
71.43%
Underperform Votes
224
28.57%
SynopsysOutperform Votes
807
72.05%
Underperform Votes
313
27.95%

In the previous week, Synopsys had 3 more articles in the media than Cadence Design Systems. MarketBeat recorded 27 mentions for Synopsys and 24 mentions for Cadence Design Systems. Cadence Design Systems' average media sentiment score of 0.53 beat Synopsys' score of 0.47 indicating that Synopsys is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cadence Design Systems
8 Very Positive mention(s)
5 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Synopsys
11 Very Positive mention(s)
4 Positive mention(s)
8 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Cadence Design Systems currently has a consensus price target of $311.33, suggesting a potential downside of 1.24%. Synopsys has a consensus price target of $594.60, suggesting a potential upside of 0.55%. Given Cadence Design Systems' stronger consensus rating and higher probable upside, analysts clearly believe Synopsys is more favorable than Cadence Design Systems.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cadence Design Systems
0 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.88
Synopsys
0 Sell rating(s)
0 Hold rating(s)
9 Buy rating(s)
0 Strong Buy rating(s)
3.00

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
Cadence Design Systems$4.09B20.98$1.04B$3.8282.52
Synopsys$5.84B15.44$1.23B$9.0865.13

Cadence Design Systems has a beta of 1.04, suggesting that its stock price is 4% more volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.07, suggesting that its stock price is 7% more volatile than the S&P 500.

84.0% of Cadence Design Systems shares are held by institutional investors. Comparatively, 84.1% of Synopsys shares are held by institutional investors. 2.0% of Cadence Design Systems shares are held by insiders. Comparatively, 0.7% of Synopsys shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

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$90.21B$22.65B$20.45B$7.64B
Dividend YieldN/A1.88%2.72%3.87%
P/E Ratio65.1385.33211.1013.31
Price / Sales15.448.68538.0977.08
Price / Cash57.6960.7228.2255.48
Price / Book13.5111.436.994.53
Net Income$1.23B$333.64M$630.51M$211.55M
7 Day Performance2.73%3.74%2.18%3.36%
1 Month Performance7.12%8.16%4.49%6.70%
1 Year Performance60.91%10.67%14.89%7.44%

Synopsys Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CDNS
Cadence Design Systems
4.7453 of 5 stars
$300.01
-1.2%
$311.33
+3.8%
+63.6%$81.67B$4.09B78.5411,200Insider Selling
Short Interest ↓
ADSK
Autodesk
4.6893 of 5 stars
$256.95
-0.2%
$250.06
-2.7%
+31.6%$54.96B$5.01B60.4613,700Earnings Report
Analyst Report
Insider Selling
Short Interest ↓
News Coverage
Gap Up
PLTR
Palantir Technologies
2.8436 of 5 stars
$24.54
+4.2%
$16.71
-31.9%
+212.8%$53.39B$2.23B272.643,735Gap Up
DDOG
Datadog
3.8936 of 5 stars
$130.95
+1.2%
$128.18
-2.1%
+75.7%$43.02B$2.13B1,091.255,200Insider Selling
Short Interest ↑
EA
Electronic Arts
3.3499 of 5 stars
$139.50
-2.0%
$146.94
+5.3%
+25.4%$37.30B$7.43B35.1413,400Ex-Dividend
Insider Selling
Short Interest ↑
News Coverage
ANSS
ANSYS
3.6357 of 5 stars
$335.77
-0.2%
$322.75
-3.9%
+10.4%$29.22B$2.27B58.606,200Analyst Report
Short Interest ↑
SPLK
Splunk
4.244 of 5 stars
$155.60
+0.0%
$135.31
-13.0%
+52.8%$26.22B$3.65B370.488,000Analyst Upgrade
Options Volume
OKTA
Okta
4.0301 of 5 stars
$86.91
+0.7%
$89.03
+2.4%
+34.1%$14.37B$1.86B-30.396,013Earnings Report
Analyst Upgrade
Options Volume
Analyst Revision
News Coverage
DOCU
DocuSign
3.8293 of 5 stars
$52.11
+0.6%
$60.00
+15.1%
-10.9%$10.63B$2.71B208.457,336Upcoming Earnings
Short Interest ↓
IBM
International Business Machines
4.4719 of 5 stars
$184.88
+0.4%
$171.92
-7.0%
+46.0%$168.82B$61.86B22.74345,000Short Interest ↓
Analyst Revision

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This page (NASDAQ:SNPS) was last updated on 3/3/2024 by MarketBeat.com Staff