Stock News Update – Synopsys, Inc. (NASDAQ:SNPS)

Synopsys, Inc. (NASDAQ:SNPS) traded with change of -0.16% to $89.58 with the total traded volume of 199304 shares in most recent trading session versus to an average volume of 1.18M. The stock was up in the 5 days activity 4.62%. The one month performance of stock was high 4.52%. SNPS shares are above 1.22% for the quarter and driving a 25.69% rally over the course of the past year and is now up 5.27% since this point in 2018.  Right now SNPS beta is 1.09. The average volatility for the week and month was at 1.89% and 2.55% respectively.

Synopsys, Inc. (NASDAQ:SNPS) today declared the release of version 2018.03 of the Synopsys RSoft™ product portfolio, the newest version of the company’s industry-leading family of software tools for photonic component and optical communication system design. RSoft 2018.03 expands the products’ support for the design of photonic integrated circuits (PICs) used in applications ranging from data communications to sensors and biomedical devices, as well as silicon photonic components used in high-performance telecommunication systems, including waveguides, grating fiber couplers, and silicon lasers.

George Bayz, vice president of Synopsys’ Optical Solutions Group said “Rapid growth in data usage worldwide drives the need for photonic integrated circuits and silicon photonics in data centers, fiber networks and wireless networks”. “With our recent acquisition of the PhoeniX Software technology, combined with ongoing enhancements to the RSoft products, we’re enabling engineers to design photonic components and systems that will help manage increased data traffic, higher signal quality requirements and more efficient power consumption.”

Shares of Synopsys, Inc. have been recently spotted trading -5.50% off of the 52-week high price. On the other end, company shares have been noted 29.05% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 69.42 – 94.80. Switching over to some distances from popular moving averages, we see that the stock has been recorded 1.47% away from the 50 day moving average and 8.54% away from the 200 day moving average. Moving closer, we can see that shares have been trading 3.54% off of the 20-day moving average.

Warren Becky

Warren Becky

Warren Becky joined us, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Warren is the Senior Editor and market movers section. He also holds an MBA from Penn State University. He has two daughter and two children. Address: 2129 Maud Street, ESKO, Minnesota Email: Warrenbecky@stocksgeeks.com Zip Code: 55733 Contact number: 302-722-7537

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