Tag Archives: ment

Synopsys, Cadence Dinged On Mentor Graphics M&A Fears

Mentor Graphics (MENT) stock crashed after hours Thursday from near a 14-year high as the maker of software used to design chips guided to Q4 sales and earnings vastly below analysts’ expectations, and shares tumbled to a 13-month low. In early trading Friday, Mentor Graphics stock was down more than 32% and trading just below 19 for the first time since October 2014. Before the firm’s Q3 earnings release, shares were up 27% for the year. As of

Mentor Graphics Q3 Slammed Amid Chip Sector M&A Furor

Semiconductor consolidation slammed Mentor Graphics (MENT) stock late Thursday, after the maker of software used to design chips guided fiscal Q4 far below Wall Street expectations, as it loses customers to M&As. Mentor Graphics stock plunged as much as 30% in after-hours trading after the company released its fiscal Q3 results and gave its guidance. Shares rose a fraction in the regular session, to near a 14-year high of 28.09 touched on Nov. 11.