Synopsys (SNPS) Competitors

$543.66
+13.55 (+2.56%)
(As of 04/26/2024 ET)

SNPS vs. CDNS, PLTR, ADSK, EA, ANSS, SPLK, MSTR, 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), Palantir Technologies (PLTR), Autodesk (ADSK), Electronic Arts (EA), ANSYS (ANSS), Splunk (SPLK), MicroStrategy (MSTR), Okta (OKTA), DocuSign (DOCU), and International Business Machines (IBM).

Synopsys vs.

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

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

Company Net Margins Return on Equity Return on Assets
Synopsys22.96% 22.88% 13.88%
Cadence Design Systems 25.68%32.44%19.18%

Synopsys received 244 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 72.09% of users gave Synopsys an outperform vote while only 71.23% of users gave Cadence Design Systems an outperform vote.

CompanyUnderperformOutperform
SynopsysOutperform Votes
811
72.09%
Underperform Votes
314
27.91%
Cadence Design SystemsOutperform Votes
567
71.23%
Underperform Votes
229
28.77%

85.5% of Synopsys shares are held by institutional investors. Comparatively, 84.9% of Cadence Design Systems shares are held by institutional investors. 0.7% of Synopsys shares are held by company insiders. Comparatively, 2.0% of Cadence Design Systems shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

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
Synopsys$5.84B14.19$1.23B$9.0859.87
Cadence Design Systems$4.09B18.79$1.04B$3.8473.54

In the previous week, Cadence Design Systems had 51 more articles in the media than Synopsys. MarketBeat recorded 63 mentions for Cadence Design Systems and 12 mentions for Synopsys. Synopsys' average media sentiment score of 1.13 beat Cadence Design Systems' score of 0.38 indicating that Synopsys is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Synopsys
8 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cadence Design Systems
16 Very Positive mention(s)
8 Positive mention(s)
17 Neutral mention(s)
5 Negative mention(s)
0 Very Negative mention(s)
Neutral

Synopsys currently has a consensus target price of $601.00, suggesting a potential upside of 10.55%. Cadence Design Systems has a consensus target price of $326.11, suggesting a potential upside of 15.47%. Given Cadence Design Systems' higher probable upside, analysts plainly believe Cadence Design Systems is more favorable than Synopsys.

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

Synopsys has a beta of 1.06, meaning that its stock price is 6% more volatile than the S&P 500. Comparatively, Cadence Design Systems has a beta of 1.04, meaning that its stock price is 4% more volatile than the S&P 500.

Summary

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

Get Synopsys News Delivered to You Automatically

Sign up to receive the latest news and ratings for SNPS and its competitors with MarketBeat's FREE daily newsletter.

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.
Skip Chart

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.
Skip Chart

SNPS vs. The Competition

MetricSynopsysPrepackaged software IndustryComputer SectorNASDAQ Exchange
Market Cap$80.84B$20.55B$19.51B$7.46B
Dividend YieldN/A2.18%2.78%3.95%
P/E Ratio59.8793.54217.5215.62
Price / Sales14.199.28526.3282.57
Price / Cash51.7165.6028.0934.76
Price / Book13.449.596.684.33
Net Income$1.23B$352.50M$633.48M$214.13M
7 Day Performance6.45%4.74%2.97%1.87%
1 Month Performance-5.18%-2.88%-2.79%-5.24%
1 Year Performance47.58%20.38%16.81%8.38%

Synopsys Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CDNS
Cadence Design Systems
4.8255 of 5 stars
$281.76
-1.1%
$318.10
+12.9%
+38.7%$76.71B$4.09B73.7611,200Earnings Report
Analyst Report
Short Interest ↓
Analyst Revision
High Trading Volume
PLTR
Palantir Technologies
2.7625 of 5 stars
$21.64
+3.2%
$18.35
-15.2%
+190.9%$47.87B$2.23B240.423,735Analyst Upgrade
ADSK
Autodesk
4.951 of 5 stars
$217.93
+0.4%
$272.44
+25.0%
+14.8%$46.62B$5.50B51.7613,700Analyst Downgrade
Short Interest ↓
News Coverage
EA
Electronic Arts
4.2508 of 5 stars
$127.14
+0.0%
$147.00
+15.6%
+2.2%$33.99B$7.43B32.0313,400Analyst Report
Insider Selling
Short Interest ↓
ANSS
ANSYS
4.0303 of 5 stars
$325.97
+0.4%
$323.86
-0.6%
+7.2%$28.46B$2.27B56.896,200Upcoming Earnings
Analyst Report
Short Interest ↓
SPLK
Splunk
1.7221 of 5 stars
$156.90
flat
$135.31
-13.8%
+81.6%$26.44B$4.22B124.528,000Analyst Report
Positive News
MSTR
MicroStrategy
4.4248 of 5 stars
$1,338.64
+1.1%
$1,473.00
+10.0%
+328.2%$22.72B$496.26M47.501,934Upcoming Earnings
Analyst Report
Insider Selling
OKTA
Okta
3.3052 of 5 stars
$94.37
+1.2%
$100.39
+6.4%
+33.3%$15.80B$2.26B-43.495,908
DOCU
DocuSign
4.1689 of 5 stars
$56.71
+1.6%
$60.25
+6.2%
+18.6%$11.65B$2.76B157.536,840Analyst Revision
IBM
International Business Machines
4.6094 of 5 stars
$182.19
+0.2%
$174.92
-4.0%
+32.9%$167.02B$61.86B22.41305,300Earnings Report
Analyst Downgrade
News Coverage

Related Companies and Tools

This page (NASDAQ:SNPS) was last updated on 4/27/2024 by MarketBeat.com Staff

From Our Partners