Synopsys shares are trading lower in sympathy with Cadence Design Systems, which reported Q1 financial results.
Portfolio Pulse from Benzinga Newsdesk
Synopsys shares are trading lower due to the impact of Cadence Design Systems' Q1 financial results.
April 22, 2024 | 8:34 pm
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NEGATIVE IMPACT
Synopsys shares are trading lower, influenced by Cadence Design Systems' Q1 financial results.
Synopsys shares are trading lower as a direct reaction to the Q1 financial results of Cadence Design Systems, indicating a sympathetic market movement based on the performance of a key player in the same sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Cadence Design Systems reported Q1 financial results, impacting Synopsys shares.
Cadence Design Systems' Q1 financial results have indirectly influenced the stock price of Synopsys, suggesting that the results may not have met market expectations, thereby affecting companies within the same sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50