Chip Design Software Provider Synopsys' Stock Drops 35% on Weak Earnings, Outlook
Synopsys Wednesday's plunge dragged Synopsys shares into negative territory for the year. Key Takeaways Synopsys reported quarterly earnings and revenue that missed analysts' forecasts as sales for its design intellectual property sank. The chip design software maker also gave a weak current-quarter forecast and slashed its full-year outlook. Shares lost a third of their value Wednesday and fell into negative territory for the year. Synopsys (SNPS) shares plunged Wednesday, after the semiconductor ...