Synopsys (SNPS) Competitors

$566.73
-2.54 (-0.45%)
(As of 05/17/2024 ET)

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

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

Synopsys vs.

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

84.9% of Cadence Design Systems shares are held by institutional investors. Comparatively, 85.5% 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 hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Synopsys received 243 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 72.09% of users gave Synopsys an outperform vote while only 71.18% of users gave Cadence Design Systems an outperform vote.

CompanyUnderperformOutperform
Cadence Design SystemsOutperform Votes
568
71.18%
Underperform Votes
230
28.82%
SynopsysOutperform Votes
811
72.09%
Underperform Votes
314
27.91%

Cadence Design Systems has a net margin of 25.68% compared to Cadence Design Systems' net margin of 22.96%. Synopsys' return on equity of 32.44% beat Cadence Design Systems' return on equity.

Company Net Margins Return on Equity Return on Assets
Cadence Design Systems25.68% 32.44% 19.18%
Synopsys 22.96%22.88%13.88%

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$4.09B19.22$1.04B$3.8475.21
Synopsys$5.84B14.79$1.23B$9.0862.42

In the previous week, Cadence Design Systems had 14 more articles in the media than Synopsys. MarketBeat recorded 29 mentions for Cadence Design Systems and 15 mentions for Synopsys. Cadence Design Systems' average media sentiment score of 0.89 beat Synopsys' score of 0.54 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
13 Very Positive mention(s)
2 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Synopsys
9 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Cadence Design Systems has a beta of 1.06, indicating that its stock price is 6% more volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.07, indicating that its stock price is 7% more volatile than the S&P 500.

Cadence Design Systems currently has a consensus target price of $326.11, indicating a potential upside of 12.92%. Synopsys has a consensus target price of $601.00, indicating a potential upside of 6.05%. Given Synopsys' higher probable upside, equities research analysts plainly believe Cadence Design Systems is more favorable than Synopsys.

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

Summary

Synopsys beats Cadence Design Systems on 10 of the 18 factors compared between the two stocks.

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$86.43B$22.13B$21.59B$7.99B
Dividend YieldN/A2.03%2.72%3.91%
P/E Ratio62.4249.09203.8914.06
Price / Sales14.7910.89554.1380.92
Price / Cash55.2969.5429.7531.98
Price / Book14.019.506.754.64
Net Income$1.23B$368.67M$638.55M$217.28M
7 Day Performance1.80%2.77%2.08%2.90%
1 Month Performance10.97%6.76%6.55%6.66%
1 Year Performance38.73%18.31%25.25%9.89%

Synopsys Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CDNS
Cadence Design Systems
4.7574 of 5 stars
$283.33
-0.4%
$326.11
+15.1%
+33.2%$77.10B$4.09B73.7811,200Analyst Forecast
Insider Selling
Short Interest ↑
Analyst Revision
PLTR
Palantir Technologies
2.1238 of 5 stars
$21.44
+2.3%
$20.65
-3.6%
+85.3%$47.43B$2.23B178.643,735
ADSK
Autodesk
4.8476 of 5 stars
$215.83
-0.4%
$274.67
+27.3%
+8.0%$46.51B$5.50B51.2713,700Upcoming Earnings
Short Interest ↓
EA
Electronic Arts
4.7828 of 5 stars
$126.59
+0.0%
$147.00
+16.1%
+1.2%$33.84B$7.56B27.0513,400Insider Selling
Short Interest ↓
News Coverage
ANSS
ANSYS
3.6139 of 5 stars
$325.86
-0.7%
$320.00
-1.8%
+6.8%$28.45B$2.27B65.436,200Analyst Forecast
Short Interest ↑
Positive News
MSTR
MicroStrategy
2.7882 of 5 stars
$1,297.63
+4.1%
$1,678.75
+29.4%
+451.0%$23.02B$496.26M-193.681,934Gap Up
IBM
International Business Machines
4.45 of 5 stars
$167.36
-0.1%
$181.29
+8.3%
+34.0%$153.74B$62.07B18.95305,300Analyst Forecast
Short Interest ↓
Analyst Revision
OKTA
Okta
3.7221 of 5 stars
$97.89
-0.5%
$101.68
+3.9%
+26.8%$16.39B$2.26B-45.115,908Analyst Forecast
DOCU
DocuSign
3.4637 of 5 stars
$59.73
-0.1%
$60.25
+0.9%
+14.6%$12.27B$2.76B165.926,840Short Interest ↓
INTU
Intuit
4.7976 of 5 stars
$635.42
+1.3%
$657.95
+3.5%
+47.7%$177.92B$14.37B64.8418,200Upcoming Earnings
Short Interest ↑

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This page (NASDAQ:SNPS) was last updated on 5/19/2024 by MarketBeat.com Staff

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