Hi
So SNPS has reported earnings and got punished greatly. Stock is down 30% today.
SNPS generally is a company with strong fundamentals and One big player in the semiconductor design industry.
It's fundamentals are rather strong.
So I'm curious if anyone's buying this dip?
I'm not gonna lie. I'm tempted.
SNPS post earning down 30% – who's buying and when are you buying?
byu/Big_Fix9049 instocks
Posted by Big_Fix9049
3 Comments
Buying cheap growing companies with no debt is a loser’s errand in this market.
SNPS actually dropped closer to 35% today after missing on Q3 earnings and cutting guidance, not just 30%. The core EDA business is solid, but the IP side and weak outlook are what spooked the market. Personally, I’d let this settle and build a base before thinking about buying the dip.
30% drop on a name like SNPS feels overdone. Might be worth nibbling, but I’d wait a bit to see if it settles first