Revenue Update on Mentor Graphics Corp(NASDAQ:MENT)

Mentor Graphics Corp(NASDAQ:MENT) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during After-hours on Aug 18, 2016. Company reported revenue of $254.34M. Analysts estimated a revenue of $245.17M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.09.

Mentor Graphics Corp (MENT) made into the market gainers list on Mondays trading session with the shares advancing 0.21% or 0.05 points. Due to strong positive momentum, the stock ended at $24.07, which is also near the day’s high of $24.18. The stock began the session at $24.06 and the volume stood at 10,91,963 shares. The 52-week high of the shares is $28.09 and the 52 week low is $16.1. The company has a current market capitalization of $2,575 M and it has 10,69,82,058 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Keith Barnes (director) sold 2,982 shares at $21.79 per share price.Also, On Jun 1, 2016, Gregory K Hinckley (President) sold 32,396 shares at $21.37 per share price.On Jan 8, 2016, Patrick Mcmanus (director) purchased 2,000 shares at $17.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools – computer software and emulation hardware systems used to automate the design analysis and testing of complex electro-mechanical systems electronic hardware and embedded systems software in electronic systems and components. The Company’s products are used in the design and development of a diverse set of electronic products including automotive electronics computers and workstations digital cameras cellular telephones medical devices smart phones industrial electronics and manufacturing systems. The Company segregated revenues into five categories of similar products and services: Scalable Verification IC Design to Silicon Integrated System Design New and Emerging Products and Services and Other.

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