Feb. 27 at 2:14 PM
$SNPS beats Q1 estimates, but is it still a sell?
EPS of
$3.77 topped expectations by 5.6%, with fiscal Q1 revenues up 65.5% driven by strong Time-Based, Upfront Product, and Maintenance and Service sales.
However,
$SNPS holds a Zacks Rank #4 (Sell) — time to reconsider or hold steady?
Opportunity assessment here 👉 https://www.zacks.com/stock/news/2875706/synopsys-q1-earnings-surpass-estimates-revenues-rise-yy?cid=sm-stocktwits-2-2875706-body-35475&ADID=SYND_STOCKTWITS_TWEET_2_2875706_BODY_35475