Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Robbie Stephens Cuts Synopsys Target

Robertson Stephens cut the estimates and price target on Synopsys (SNPS).

Analyst John Barr says Q3 were "okay," but adds that management guided Q4 bookings down to about 10% light of his estimate. He thinks the shortfall is due to weakness in the semiconductor sector, and is not a company-specific problem. He notes the company has a strong new product cycle, saying pre-market trading (in the $45.50 area) reflects the fact that Q4 bookings will be off by 10%, hence investors are taking the stock down by about 10%.

He's looking for Synopsys to rebound in 2002, considering the company's guidance for 2002, which is largely unchanged. Barr reiterates his buy rating, cut the $0.38 Q4 EPS estimate to $0.36 and cut the $73 target to $63.

blog comments powered by Disqus