Synopsys Stock Plummets 11.10% in Two Days Amid $19.75 Billion Trading Volume Ranking 25th

Generado por agente de IAAinvest Volume Radar
jueves, 29 de mayo de 2025, 7:39 pm ET1 min de lectura
SNPS--

On May 29, 2025, SynopsysSNPS-- (SNPS) saw a trading volume of $19.75 billion, ranking 25th in the day's stock market activity. The company's stock price fell by 1.61%, marking the second consecutive day of decline, with a total decrease of 11.10% over the past two days.

Synopsys has withdrawn its outlook for the current quarter and fiscal year as it evaluates the potential impact of new Chinese export restrictions. The company is currently assessing how these restrictions might affect its operations and financial performance.

Synopsys has set a revenue target of $6.8 billion for 2025, explicitly factoring in the current understanding of export restrictions and expectations for a year-over-year decline in China. This guidance reflects the company's efforts to navigate the challenges posed by the new regulations.

New U.S. export restrictions on sales to China have led Synopsys to suspend its Q3 and full-year guidance, creating uncertainties in revenue visibility. The company is now focusing on understanding the full extent of these restrictions and their potential impact on its business.

Synopsys was already experiencing a slowdown in China, and the new export restrictions have added to the complexity of its operational environment. The company is working to assess the impact of these restrictions and adjust its strategies accordingly.

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