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