While stocks like Oracle (NYSE: ORCL) had an incredible day on Sept. 10, one name stuck out like a sore thumb. That stock was Synopsys (NASDAQ: SNPS), a company that is among the most important players in the semiconductor ecosystem. Shares closed down by a whopping 36%, reacting to the company’s Sept. 9 earnings. However, markets were quick to see the selloff as overblown. Shares whipsawed, surging nearly 13% on Sept. 11.
With such volatile moves surrounding this vital company, Synopsys’s results and outlook deserve examination. Is SPNS still a good buy, or have resourceful traders already taken away the opportunity in the stock?
