Synopsys earnings poised to exceed guidance, says RBC Capital After meeting with Synopsys' CFO, RBC Capital expects the company's earnings growth to exceed its high single digit percentage target. The firm raised its price target on the stock to $43 from $41 and keeps an Outperform rating on the shares.
News For SNPS From The Last 14 Days
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Synopsys sees FY14 adjusted EPS $2.55-$2.60, consensus $2.54 Sees FY14 revenue $2.06B-$2.085B, consensus $2.09B. Sees FY14 Cash flow from operations $425M-$450M; Revenue from beginning of year backlog approximately 75%.