Snowflake Inc vs Synopsys, Inc. — how do they compare? Snowflake Inc trades at $271.05 (market cap $95.09B), while Synopsys, Inc. trades at $388.58 (market cap $72.47B). The key difference: Snowflake Inc is the larger of the two by market cap, and Snowflake Inc is trading nearer its 52-week high, Synopsys, Inc. nearer its low. Which is the better fit depends on your goals.
| SNOW | SNPS | |
|---|---|---|
Market Cap | $95.09B | $72.47B |
Sector | Technology | Technology |
52-Week High | $280.16 | $645.59 |
52-Week Low | $121.11 | $378.46 |
Enterprise Value | $94.90B | $80.82B |
Trailing returns across standard periods
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
Read more on SNOW →Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.
Read more on SNPS →