Synopsys Inc
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Information Technology : Software | Large Cap Growth
Company profile

Synopsys, Inc. provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves. It provides software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. It provides technical services to support its solutions and help its customers develop chips and electronic systems. It is also a provider of software tools that developers use to develop software code in a range of industries, including electronics, financial services, energy, and industrials. It offers products and services in four categories: core EDA; IP, Systems and Software Integrity; Manufacturing Solutions, and Professional Services and Other.

Closing Price
$198.79
Day's Change
-3.47 (-1.72%)
Bid
--
Ask
--
B/A Size
--
Day's High
202.22
Day's Low
196.14
Volume
(Below Average)
Volume:
518,301

10-day average volume:
597,641
518,301

PayPal stock falls after downgrade at BMO

8:52 am ET May 15, 2020 (MarketWatch)
Print

Shares of PayPal Holdings Inc. (PYPL) are down 1.3% in premarket trading Friday after BMO Capital Markets analyst James Fotheringham downgraded the stock to market perform from outperform "due exclusively to our shift in investment strategy towards credit-sensitive sub-sectors." While he's upbeat about PayPal's two-sided network, its progress with Venmo monetization, its recent purchase of Honey, and its role in the transition to digital commerce, he argued that these catalysts are already reflected in PayPal's share price. He now tilts toward credit-sensitive names as his balance-sheet simulation analysis finds that the 19 large-cap banks and specialty lenders that he covers should have enough earnings power to "withstand impending loan losses without needing to tap the equity markets." PayPal shares have added 17% over the past three months as the S&P 500 has fallen 16%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 15, 2020 08:52 ET (12:52 GMT)

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