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News  ›  GlobeNewswire Inc.

Synopsys, Inc. Securities Fraud Class Action Result of Undisclosed Financial Problems and 35% Stock Decline - Investors may Contact Lewis Kahn, Esq, @ KSF

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Kahn Swick & Foti, Llc
Synopsys, Inc. Securities Fraud Class Action Result of Undisclosed Financial Problems and 35% Stock Decline - Investors may Contact Lewis Kahn, Esq, @ KSF

Synopsys faces securities fraud lawsuit after announcing financial results that missed guidance, with stock dropping 35.8% following disclosure of revenue and income declines.

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SNPS   negative

Company reported quarterly revenue missing prior guidance, 43% year-over-year net income decline, and projected continued revenue decline in Design IP segment, leading to a 35.8% stock price drop