Research
Wells Fargo Upgrades Synopsys to Overweight From Equalweight, Adjusts PT to $475 From $450
Synopsys (SNPS) has an average rating of buy and mean price target of $554.08, according to analysts polled by FactSet.
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Research
Morgan Stanley Upgrades Synopsys to Overweight From Equalweight, Price Target is $500
Synopsys (SNPS) has an average rating of overweight and mean price target of $552.89, according to analysts polled by FactSet.
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Wire
Synopsys Shares Rise After Baird Upgrade
Synopsys (SNPS) shares rose nearly 13% in Thursday trading after Baird upgraded the stock to outperform from neutral, with a price target of $560 per share.Trading volume stood at about 3.1 million shares, compared with a daily average of almost 2 million.Price: $462.03, Change: $+52.03, Percent Change: +12.69%
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Research
Baird Upgrades Synopsys to Outperform From Neutral, $560 Price Target
Synopsys (SNPS) has an average rating of overweight and mean price target of $554.52, according to analysts polled by FactSet.
$SNPS
Wire
Synopsys Fiscal Q3 Non-GAAP Earnings, Revenue Rise; Shares Drop After Hours
Synopsys (SNPS) reported fiscal Q3 non-GAAP earnings late Wednesday of $3.91 per diluted share, up from $3.39 a year earlier.Analysts polled by FactSet expected $3.67.Revenue in the three months ended July 31 rose to $2.48 billion from $1.74 billion a year earlier.Analysts projected $2.44 billion.The company expects fiscal Q4 non-GAAP EPS of $4.10 to $4.16 on revenue of $2.53 billion to $2.58 billion. Analysts project EPS of $4 on revenue of $2.55 billion.Synopsys boosted full-year guidance to non-GAAP EPS of $15.04 to $15.10 on revenue of $9.69 billion to $9.74 billion, up from the prior forecast of EPS of $14.72 to $14.80 on revenue of $9.625 billion to $9.705 billion.Analysts project EPS of $14.78 on revenue of $9.68 billion.Synopsys shares fell 6.7% in after-hours trading.
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US Markets
Update: Equities Fall Intraday After Inflation Report; Nvidia Earnings On Deck
(Updates with latest market prices and developments.)US benchmark equity indexes drifted lower intraday as traders parsed the latest inflation data while awaiting technology bellwether Nvidia's (NVDA) financial results.The Nasdaq Composite and the Dow Jones Industrial Average were down 0.2% each at 26,093.1 and 53,460.6, respectively, after midday Wednesday. The S&P 500 edged down 0.1% to 7,671.6. The three indexes finished Tuesday trading higher, with the Dow rising for a third consecutive session.Among sectors, consumer discretionary and healthcare saw the steepest declines intraday Wednesday, while industrials paced the gainers.US inflation accelerated sequentially in July, keeping the Federal Reserve's preferred gauge for price increases well above its 2% target, while consumer spending growth eased, official data showed.US Treasury yields were mostly higher intraday, with the 10-year yield up 2.5 basis points at 4.66% and the two-year yield rising 2.2 basis points to 4.23%.Markets are currently pricing in a 60% probability that the Fed will keep its benchmark lending rate steady next month, with the remaining odds in favor of a 25-basis-point increase, according to the CME FedWatch tool.Nvidia shares were down 1.3% intraday, following a 2.2% increase in the previous session. The chipmaking giant is scheduled to report its fiscal second-quarter results after the closing bell Wednesday. The current consensus on FactSet is for non-GAAP earnings of $2.09 a share on revenue of $92.27 billion.In a recent note to clients, Morgan Stanley said Nvidia is expected to post strong second-quarter results, though investors are likely to focus more on its longer-term growth drivers.CrowdStrike (CRWD), Salesforce (CRM), Synopsys (SNPS), HP (HPQ) and Urban Outfitters (URBN) are also scheduled to report results in the after-hours, along with others.In other company news, Intuit (INTU) shares fell 3.5% intraday, among the worst performers on the S&P 500, after the tax and finance software maker overnight issued a soft fiscal 2027 outlook.Zoom Communications (ZM) shares slumped 6.4% as the video communication platform late Tuesday provided a downbeat earnings outlook for its fiscal third quarter following a second-quarter beat.Abercrombie & Fitch (ANF) shares surged 31% intraday Wednesday after the apparel retailer raised its full-year outlook as tariff-related refund benefits helped the company post fiscal second-quarter results above Wall Street's estimates.West Texas Intermediate crude oil was up 0.6% at $82.81 a barrel, while Brent advanced 0.3% to $88.80.The Iranian military said it reached a revenue-sharing deal with Oman on the Strait of Hormuz, the world's most important chokepoint for crude flows, Bloomberg News reported.Spot gold fell 1.4% to $4,593.34 per troy ounce, while silver lost 1.1% to $68.73 per ounce.
Dow JonesNasdaq CompositeS&P 500$ANF$CRM$CRWD$HPQ$INTU$NVDA$SNPS$URBN$ZM
US Markets
Equity Futures Mixed Pre-Bell Ahead of Key Inflation Report, Nvidia Earnings
The main US equity measures were mixed in premarket activity Wednesday as traders await a key inflation report and the latest financial results of tech bellwether Nvidia (NVDA).The Nasdaq was down 0.1%, the Dow Jones Industrial Average was up 0.1%, while the S&P 500 was little changed before the opening bell. The three indexes finished Tuesday trading higher, with the Dow rising for a third consecutive session.The personal income and outlays report for July is scheduled to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric, as well as data on consumer spending.Data are expected to show that core PCE -- which excludes food and energy prices -- increased 0.2% sequentially and 3.3% annually, according to a Bloomberg-compiled consensus.Treasury yields were mixed in premarket action, with the two-year rate retreating one basis point to 4.2% and the 10-year rate little changed at 4.64%.On Tuesday, Boston Fed President Susan Collins said the Fed may have to raise interest rates soon, unless inflation continues to cool.Markets are currently pricing in a 64% probability that the central bank will keep its benchmark rate steady next month, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool.The second estimate report of the US second-quarter gross domestic product is also out at 8:30 am, along with the durable goods orders report for last month. Wednesday's economic calendar also has the weekly mortgage applications bulletin and weekly EIA domestic petroleum inventories report.Richmond Fed President Thomas Barkin is slated to speak at 11:45 am.Nvidia shares were up 0.4% pre-bell, following a 2.2% increase Tuesday. The chipmaking giant is scheduled to report its fiscal second-quarter results after the markets close Wednesday. The current consensus on FactSet is for non-GAAP earnings of $2.09 a share on revenue of $92.27 billion.In a recent note to clients, Morgan Stanley said Nvidia is expected to post strong second-quarter results, though investors are likely to focus more on its longer-term growth drivers.CrowdStrike (CRWD), Salesforce (CRM), Synopsys (SNPS), HP (HPQ) and Urban Outfitters (URBN) are also scheduled to report results in the after hours, while Williams-Sonoma (WSM), J.M. Smucker (SJM), Abercrombie & Fitch (ANF), Bath & Body Works (BBWI) and Kohl's (KSS) post before the bell, among others.West Texas Intermediate crude oil dropped 2.7% to $80.18 a barrel before the open, while Brent fell 3% to $85.97.The foreign ministers of Iran and Oman discussed a proposed framework Tuesday to establish "a joint temporary navigational corridor" through the Strait of Hormuz and implement a joint project to clear the crucial waterway of mines, news outlets reported. The two countries also reportedly agreed to continue technical talks for the future administration of the strait.Intuit (INTU) shares were down 9.8% pre-bell Wednesday after the tax and finance software maker overnight issued a soft fiscal 2027 outlook.Zoom Communications (ZM) fell 6.9% in premarket activity as the video communication platform late Tuesday provided a downbeat earnings outlook for its fiscal third quarter following a second-quarter beat.Gold fell 0.3% to $4,679 per troy ounce, while bitcoin dropped 0.7% to $78,340.
Dow JonesNasdaq CompositeS&P 500$ANF$BBWI$CRM$CRWD$HPQ$INTU$KSS$NVDA$SJM$SNPS$URBN$WSM$ZM
Sectors
Sector Update: Tech Stocks Rise Pre-Bell Monday
Technology stocks were rising pre-bell Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.2% higher.Broadcom (AVGO) and Samsung Electronics signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure. Shares of Broadcom were up nearly 2% premarket.Palantir Technologies (PLTR) patient discharge tracking software has failed to yield noticeable performance improvements for the UK's National Health Service, The Financial Times reported, citing an analysis by the Health Foundation. Palantir Technologies stock was up more than 2% pre-bell.Synopsys (SNPS) shares were up more than 1% after the company introduced new agentic AI capabilities for chip and electronic system design developed in collaboration with Nvidia (NVDA), to automate complex engineering workflows and improve productivity.
$AVGO$NVDA$PLTR$SNPS$XLK$XSD
Sectors
Sector Update: Tech Stocks Fall Late Afternoon
Tech stocks were falling late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.8% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 1.2%.The Philadelphia Semiconductor index was down 1.3%.In corporate news, SpaceX (SPCX) share fell 2.4%. The company's Starship rocket triggered an "automatic launch abort," with the next launch to be rescheduled possibly in a few days, SpaceX Chief Executive Elon Musk said in a Thursday post on X.Synopsys (SNPS) plans to stop its production process control software suite for semiconductor manufacturers to redirect resources toward higher-margin AI design, Reuters reported. Its shares dropped 10%.Meta Platforms (META) is in talks to rent out computing power from its data centers to Anthropic in a deal that could be worth up to $10 billion over two years, The New York Times reported. Separately, Meta has hired Dave Brown, a senior executive at Amazon (AMZN) Web Services, to help with its data center expansion and computing infrastructure ambitions, the Wall Street Journal reported. Meta shares were down 3.2%.Apple (AAPL) is in early discussions with the US Justice Department regarding the settlement of a 2024 lawsuit alleging the tech giant violated antitrust laws, Bloomberg reported. Separately, Apple has sent personal legal warnings to dozens of former employees now working at Microsoft-backed (MSFT) OpenAI to find proof that the AI company stole its trade secrets, the Financial Times reported. Apple shares were shedding 0.1%.
$AAPL$META$SNPS$SPCX
Wire
Top Midday Decliners
Netflix (NFLX) shares dropped 7.5%, a day after the company reported mixed fiscal Q2 results, with earnings beating consensus while sales missed, and Q3 guidance trailing market expectations.Intraday volume topped 94.4 million shares, compared with the daily average of 41 million.Intuitive Surgical's (ISRG) shares slumped 13% as growth in the company's da Vinci robotic surgery system in the US moderated amid changes in Affordable Care Act subsidies.Volume topped 7.2 million shares, compared with the daily average of 2.6 million.Synopsys (SNPS) plans to stop its production process control software suite for semiconductor manufacturers to redirect resources toward higher-margin AI design, Reuters reported.The stock declined 8.6% with volume topping 2.84 million shares, compared with the daily average of 1.89 million.Price: $68.78, Change: $-5.57, Percent Change: -7.49%
$ISRG$NFLX$SNPS
Sectors
Sector Update: Tech Stocks Fall Late Afternoon
Tech stocks were sharply lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.6% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 6.6%.The Philadelphia Semiconductor Index slumped 5.2%.In corporate news, Intel (INTC) shares fell past 10% after Samsung Electronics' preliminary earnings disappointed investors.Chinese firm DeepSeek is developing its own AI chip that could allow it to rely less on Nvidia (NVDA) and Huawei, Reuters reported. Nvidia shares were up 0.5%.Synopsys (SNPS) plans to stop its production process control software suite for semiconductor manufacturers to redirect resources toward higher-margin AI design, Reuters reported. Synopsys shares were falling 1%.Microsoft (MSFT) is beginning to replace offerings from OpenAI and Anthropic with its own models in software products such as Excel and Outlook to reduce AI costs, Bloomberg reported. Microsoft shares added 1%.
$INTC$MSFT$NVDA$SNPS
Research
Piper Sandler Upgrades Synopsys to Overweight From Neutral, Adjusts PT to $550 From $450
Synopsys (SNPS) has an average rating of overweight and mean price target of $569.88, according to analysts polled by FactSet.
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Asia Markets
US Equity Indexes Rise as Iran Peace Deal Reportedly Awaits Trump's Signature, Core Inflation Eases Unexpectedly
US equity indexes rose as a deal to end the war against Iran was said to be awaiting President Donald Trump's signature and as the Federal Reserve's preferred inflation gauge unexpectedly eased in April.The Nasdaq Composite climbed 0.9% to 26,917.47, the S&P 500 advanced 0.6% to 7,563.63, and the Dow Jones Industrial Average edged up by less than 0.1% to 50,668.97 at the close on Thursday.A tentative agreement has been reached between the US and Iran to open the Strait of Hormuz and start nuclear talks, according to US officials, CNN reported, adding that Trump has not signed off on it yet. Negotiators for the US and Iran agreed on a 60-day memorandum of understanding to extend the ceasefire, Axios reported, citing two US officials.Meanwhile, US Central Command confirmed that Iran fired a ballistic missile toward Kuwait overnight, which was intercepted, CNN reported. Iran's Islamic Revolutionary Guard Corps earlier said it launched an attack targeting an American air base, claiming it was the source of US strikes, according to the news report.Brent crude futures slipped 0.4% to $93.94. West Texas Intermediate crude oil futures rose 0.5% to $89.15.In precious metals, gold futures jumped 1% to $4,528.2, and silver futures climbed 1.3% to $75.90.The personal consumption expenditures, or PCE, price index slowed to 0.4% month-over-month from 0.7% in March, Bureau of Economic Analysis data showed. The Street expected 0.5% in a Bloomberg-compiled poll. The core PCE price index, which excludes the more volatile food and energy and is the Fed's preferred inflation gauge, grew by 0.2% versus March's 0.3%, also the consensus for April.Annually, the PCE index jumped 3.8% in April, the largest increase since May 2023, up from 3.5% in March but in line with market expectations. Core PCE climbed to 3.3%, as expected, from 3.2% in March.Most US Treasury yields fell, with the 10-year down 2.8 basis points to 4.45%. The two-year declined one basis point to 4.02%.US economic growth, as measured by gross domestic product, rose by 1.6% in Q1, revised lower from a 2.0% increase in the advance estimate. No revision was expected in a survey compiled by Bloomberg. GDP rose by 0.5% in Q4.New orders for US durable goods rose by 7.9% in April following a 1.3% increase in March, beating the 4.0% gain forecast in a survey compiled by Bloomberg. Excluding a 21.5% surge in transportation orders, new orders would have been up 1.1% in April after a 1.1% increase in March. Expectations were for a 0.5% gain.In company news, Dollar Tree (DLTR) shares soared 18%, the biggest gainer on the S&P 500, after the company posted higher fiscal Q1 adjusted earnings and revenue, and raised its fiscal 2026 adjusted EPS guidance.The worst performer on the S&P 500 and the Nasdaq was Synopsys (SNPS), down 8.6%, after the company reported a decline in fiscal Q2 non-GAAP earnings.
Dow JonesNasdaq CompositeS&P 500$DLTR$SNPS
Japan
US Equity Markets Close Higher on Optimism Over Pending US-Iran Deal
US equity indexes closed higher Thursday amid speculation a US-Iran agreement was in the final approval stages.* Negotiators for the US and Iran reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and begin talks on Iran's nuclear program, though President Donald Trump has not yet given final approval, Axios reported, citing two US officials.* The personal consumption expenditures price index slowed to 0.4% in April from 0.7% in March, Bureau of Economic Analysis data showed. Annually, the gauge rose 3.8%, the largest increase since May 2023, up from 3.5% in March and in line with market expectations.* US economic growth, as measured by gross domestic product, rose by 1.6% in Q1, revised down from a 2% increase in the advance estimate. No revision was expected in a survey compiled by Bloomberg.* July West Texas Intermediate crude oil rose $0.68 to settle at $89.36 per barrel, while July Brent crude, the global benchmark, was last seen down $0.21 at $94.08.* Dollar Tree (DLTR) shares jumped 18%, the top gainer on the S&P 500, after the discount retailer raised its full-year earnings outlook following better-than-expected fiscal first-quarter results.* Synopsys (SNPS) shares fell 8.6%, the biggest drop on the S&P, a day after the company reported a decline in fiscal Q2 non-GAAP earnings.
Dow JonesNasdaq CompositeS&P 500$DLTR$SNPS
Research
Research Alert: CFRA Maintains Buy Rating On Shares Of Synopsys, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our price target by $29 to $550, 31x our FY 27 (Oct.) EPS estimate, just below SNPS's three-year average (~33x) given recent Design IP weakness. We increase our FY 26 EPS view by $0.37 to $14.84 and lift FY 27's by $0.10 to $17.75. Shares are down 9% as SNPS's moderate beat-and-raise failed to impress investors, with AI strength still not driving significant growth given weak design starts across non-AI areas. Still, we are encouraged that management sees Q1 as the trough for Design IP (20% of Q2 sales), with Q/Q growth expected throughout FY 27 and traction growing with hyperscalers. Joint Ansys products and agentic AI monetization both live more in FY 27, but early results have been positive. Management noted "confidence is higher" in achieving its revenue synergy targets, with 20 customers now experimenting with 25+ specialized design agents. Design Automation sales continue to search for direction, growing 9% (ex-Ansys) in Q2 FY 26 vs. +12% in Q1 and +6% in Q2 FY 25.
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Asia Markets
US Equity Indexes Rise Amid Rumors of Iran Peace Deal, Surprise Easing in Fed's Preferred Inflation Measure
US equity indexes rose amid speculation of an agreement over a path to end the war against Iran and as the Federal Reserve's preferred inflation rate unexpectedly eased in April.The Nasdaq Composite climbed 0.8% to 26,880.1, the S&P 500 advanced 0.6% to 7,562.2, and the Dow Jones Industrial Average edged up by less than 0.1% to 50,678.5 after midday on Thursday.Healthcare and technology led the gainers intraday. Financials, utilities, and consumer staples were among the decliners.Negotiators for the US and Iran reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and begin talks on Iran's nuclear program, but President Donald Trump has not yet given final approval, Axios reported Thursday, citing two US officials. The White House didn't immediately reply to a request for comment.Brent crude futures fell 0.6% to $93.70. West Texas Intermediate crude oil futures rose 0.2% to $88.86, off session highs of more than 1% gain.In precious metals, gold futures jumped 1.1% to $4,532.3, and silver futures climbed 1.4% to $75.91.Most US Treasury yields fell, with the 10-year down 2.8 basis points to 4.46%. The two-year declined 1.5 basis points to 4.02%.On a month-on-month basis, the personal consumption expenditures, or PCE, price index slowed to 0.4% from 0.7% in March, Bureau of Economic Analysis data showed Thursday. The Street expected 0.5% in a Bloomberg-compiled poll. The core PCE price index, which excludes the more volatile food and energy and is the Fed's preferred inflation gauge, grew by 0.2% versus March's 0.3%, also the consensus for April.Annually, the PCE index jumped 3.8% in April, the largest increase since May 2023, up from 3.5% in March but in line with market expectations. Core PCE climbed to 3.3%, as expected, from the 3.2% in March.US economic growth, as measured by gross domestic product, rose by 1.6% in Q1, revised lower from a 2.0% increase in the advance estimate. No revision was expected in a survey compiled by Bloomberg. GDP rose by 0.5% in Q4.New orders for US durable goods rose by 7.9% in April following a 1.3% increase in March, beating the 4.0% gain forecast in a survey compiled by Bloomberg. Excluding a 21.5% surge in transportation orders, new orders would have been up 1.1% in April after a 1.1% increase in March. Expectations were for a 0.5% gain.In company news, Dollar Tree (DLTR) shares soared 18%, the second-biggest gainer on the S&P 500, after the company posted higher fiscal Q1 adjusted earnings and revenue, and raised its fiscal 2026 adjusted EPS guidance.The worst performer on the S&P 500 and the Nasdaq was Synopsys (SNPS), down 8.4%, after the company reported a decline in fiscal Q2 non-GAAP earnings.Best Buy (BBY) shares catapulted 18%, the top performer on the S&P 500, after the firm reported higher-than-expected fiscal Q1 adjusted earnings and revenue.
Dow JonesNasdaq CompositeS&P 500$BBY$DLTR$SNPS
Sectors
Sector Update: Tech Stocks Mixed Premarket Thursday
Technology stocks were mixed premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.1% higher and the State Street SPDR S&P Semiconductor ETF (XSD) declining by 0.4%.Snowflake (SNOW) stock was up more than 36% after the company reported higher fiscal Q1 adjusted net income and revenue, and raised its fiscal 2027 product revenue outlook.IBM (IBM) and Red Hat have committed $5 billion toward a software protection program named Project Lightwell, the companies said. IBM stock was up more than 2% pre-bell.Synopsys (SNPS) shares were down more than 1% after the company posted a decline in fiscal Q2 non-GAAP earnings.
$IBM$SNOW$SNPS$XLK$XSD
US Markets
Stocks Fall Pre-Bell Amid Renewed US-Iran Tensions; Key Inflation, Economic Data on Deck
The main US stock measures were trending lower in Thursday's premarket activity amid renewed tensions in the Middle East, while traders await key inflation and economic data.The S&P 500 and the Dow Jones Industrial Average edged down 0.1% each before the opening bell, while the Nasdaq was off 0.2%. The indexes finished Wednesday's trading session with fresh highs.Iran's Islamic Revolutionary Guard Corps said Thursday it targeted a US airbase, CNBC reported, citing Tehran's semi-official Tasnim news agency.The reported attack came after a US official told MS Now on Wednesday that US forces carried out strikes against a military site believed to threaten its troops and commercial shipping through the Strait of Hormuz.West Texas Intermediate crude oil increased 1.7% to $90.21 a barrel in premarket action, while Brent rose 1.6% to $95.81.President Donald Trump on Wednesday said that no single country will control the crucial Strait of Hormuz, according to Bloomberg News. "Nobody's going to control it, it's international waters," Trump reportedly said at the White House. "The strait's going to be open to everybody," and the US will "watch over it," he added.Earlier on Wednesday, Trump expressed confidence that the US would be able to reach a deal to end the conflict, but he is not yet satisfied with the terms, CNN reported. Iranian state TV previously claimed that a draft memorandum on ending the conflict calls for the US to withdraw its military forces and lift the naval blockade in return for reopening the Strait of Hormuz within a month. However, the White House dismissed it as a "complete fabrication," according to CNN.The personal income and outlays report for April is due to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.Treasury yields were moving higher before the open, with the two-year rate gaining 2.7 basis points to 4.06% and the 10-year rate adding 1.2 basis points to 4.49%.Thursday's economic calendar also has the second estimate report of the first-quarter gross domestic product at 8:30 am, along with the weekly jobless claims bulletin and the durable goods orders report for last month. The new home sales report for April is out at 10 am, followed by the EIA domestic petroleum inventories report at 12 pm.New York Fed President John Williams is slated to speak at 8:55 am, while St. Louis Fed President Alberto Musalem speaks at 10:15 am. Richmond Fed President Thomas Barkin's remarks are due at 3 pm.Shares of Snowflake (SNOW) jumped 38% pre-bell after the cloud-based data platform lifted its full-year product revenue outlook and agreed to a $6 billion infrastructure spending deal with Amazon's (AMZN) cloud platform. Salesforce (CRM) declined nearly 2% as the company issued a soft fiscal second-quarter outlook.Marvell Technology (MRVL) and Synopsys (SNPS) dropped 3.3% and 2.8%, respectively, following their latest quarterly results.Burlington Stores (BURL), Dollar Tree (DLTR), Li Auto (LI), XPeng (XPEV), Best Buy (BBY) and Hormel Foods (HRL) are expected to release their earnings before the bell, among others. Costco Wholesale (COST), Dell Technologies (DELL) and MongoDB (MDB) are scheduled to announce their results after the markets close.Gold fell 1.1% to $4,400 per troy ounce, while bitcoin slipped 2.2% to $73,258.
Dow JonesNasdaq CompositeS&P 500$BBY$BURL$COST$CRM$DELL$DLTR$HRL$LI$MDB$MRVL$SNOW$SNPS$XPEV
Research
Research Alert: Snps Q2: Modest Fy 26 Guidance Raise And Eda Deceleration (ex-ansys)
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:SNPS posted Q2 FY26 sales of $2.28B (+42% Y/Y), slightly ahead of consensus ($2.25B), with non-GAAP EPS of $3.35 exceeding expectations of $3.16. Design Automation sales grew 62% driven by Ansys acquisition (29% of Q2 sales), while ex-Ansys growth decelerated to 9% from 12% in Q1, and Design IP declined 6% for the second consecutive quarter reflecting Intel process delays. We view the Ansys integration as progressing well with accelerating cost synergies and expect the $2.96B FY26 contribution to drive meaningful revenue acceleration. Management lifted FY26 revenue guidance to $9.665B from $9.61B and EPS to $14.76 from $14.42, supported by synergies and margin expansion. We expect continued Design IP margin pressure near-term as SNPS adjusts its portfolio, though Design Automation margins improved 240 bps Y/Y to 43.3%. The China business (11% of sales) remains stable, and we believe the combined entity positions SNPS well for AI-driven design complexity growth.
$SNPS
US Markets
Equities Mixed Intraday as Markets Track US-Iran Peace Talks
US benchmark equity indexes were mixed after midday Wednesday as traders continued to monitor US-Iran peace deal negotiations.The Dow Jones Industrial Average was up 0.4% at 50,646.7 intraday, while the Nasdaq Composite fell 0.2% to 26,611.6. The S&P 500 slipped 0.1% to 7,509.8. Both the Nasdaq and the S&P 500 notched new record closing highs in the previous session.Among sectors, consumer discretionary paced the gainers, while energy and financials saw the biggest drop.Iranian state TV reportedly claimed that a draft memorandum on ending the three-month-old conflict calls for the US to withdraw its military forces and lift the blockade of Iranian ports in return for the reopening of the Strait of Hormuz within a month. However, the White House dismissed it as a "complete fabrication," CNN reported.President Donald Trump on Wednesday expressed confidence that the US would be able to reach a deal to end the conflict, but he is not yet satisfied with the terms, CNN reported.West Texas Intermediate crude oil was down 4.4% at $89.77 a barrel intraday Wednesday, while Brent fell 4.1% to $95.54.US Treasury yields were mixed intraday Wednesday, with the 10-year rate down 1.1 basis points at 4.48% and the two-year rate little changed at 4.04%.In company news, JPMorgan Chase (JPM) Chief Executive Jamie Dimon said Wednesday at a conference that the bank's expenses this year could be "closer" to $106 billion, or $1 billion higher than previously projected. JPMorgan shares were down 3%.Dimon also said that "there might be in the next couple of years a chance to put $10 billion or $20 billion to work buying something," referring to a potential merger and acquisition story, according to a FactSet transcript.Zscaler (ZS) shares tanked nearly 32% intraday after the cloud security company provided a fiscal fourth-quarter revenue outlook below market estimates, even though it reported better-than-expected results for the prior three-month period.PDD's (PDD) first-quarter earnings unexpectedly declined year over year, while the Chinese e-commerce platform's revenue fell short of market estimates. The stock slid nearly 12% intraday.Abercrombie & Fitch's (ANF) fiscal first-quarter earnings topped Wall Street's projections amid record sales for the apparel retailer. The company's shares jumped nearly 12% intraday.Marvell (MRVL), Salesforce (CRM), Synopsys (SNPS), Snowflake (SNOW) and HP (HPQ) were scheduled to release their quarterly results after the markets close Wednesday.Gold was down 1.4% at $4,441 per troy ounce, while silver lost 2.2% $74.90 per ounce.
Dow JonesNasdaq CompositeS&P 500$ANF$CRM$HPQ$JPM$MRVL$PDD$SNOW$SNPS$ZS
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