SNPS Drops 20% From 52-Week High: Is the Stock Worth Buying on Dip?

Quick Summary:

Over the past three months, Synopsys shares have plunged 16.9%, underperforming the broader Zacks Computer & Technology Sector's decline of 1.1% and the Zacks Computer – Software industry's fall of 2.7%.

Synopsys (NASDAQ: SNPS) shares have experienced a pullback in recent times, with shares now trading 19.7% below its 52-week high of $629.38 achieved on Sept.30.

Synopsys Prospects Ride on Strong Portfolio

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Article Details

Author / Journalist: Zacks

Category: Technology

Markets: United States

Topics: Trading Ideas Tech Offerings Markets Macro Economic Events CDNS Economics ANSS PRGS Mid Cap Contributors Large Cap SNPS Analyst Ratings News Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 18:28:22 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 727 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22841817

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Official Website: benzinga.com

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