SNPS Drops 20% From 52-Week High: Is the Stock Worth Buying on Dip?
Synopsys(SNPS) ZACKS·2024-10-01 23:56
Synopsys (SNPS) shares have experienced a pullback in recent times, with shares now trading 19.7% below its 52-week high of $629.38 achieved on Sept. 30. Over the past three months, Synopsys shares have plunged 16.9%, underperforming the broader Zacks Computer & Technology Sector's decline of 1.1% and the Zacks Computer – Software industry's fall of 2.7%. Synopsys is currently facing several challenges, including a rise in cost of revenues and operating expenses. In the third quarter of fiscal 2024, these c ...