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News  ›  GlobeNewswire Inc.

SNPS Investor Notice: Robbins LLP Reminds Investors of the Class Action Lawsuit Against Synopsys, Inc.

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Robbins Llp
SNPS Investor Notice: Robbins LLP Reminds Investors of the Class Action Lawsuit Against Synopsys, Inc.

A class action lawsuit has been filed against Synopsys alleging the company misled investors about its IP business performance, with stock price dropping 35.8% after revealing underperforming financial results.

Insights
WBD   negative

Experiencing business difficulties, potential merger/acquisition discussions indicate underlying operational challenges


SNPS   negative

Company reported quarterly revenue missing guidance, 43% year-over-year net income decline, Design IP segment revenue dropped 7.7%, and stock price fell 35.8% after financial results announcement