Ansys (ANSS) Solutions Advance Sustainable Space Exploration

Ansys’ ANSS simulation solutions are being leveraged by a space logistics startup, The Exploration Company, to develop Nyx, a modular and reusable space vehicle. This is aimed at advancing sustainable space exploration.

Nyx utilizes a methane-based propulsion system for delivering technologies to stations in Earth's orbit. These support research in various fields like microgravity, which has applications in the pharmaceutical and agricultural industries.

Nyx's methane propulsion system offers a sustainable solution with fewer pollutants, extended travel capabilities, and more precise landings. Nyx is designed for cargo transport to the Moon and space stations, refueling in orbit, re-entering Earth's atmosphere, and undertaking future missions.

ANSYS, Inc. Price and Consensus

ANSYS, Inc. Price and Consensus

ANSYS, Inc. price-consensus-chart | ANSYS, Inc. Quote

The Exploration Company openly shares Nyx's building blocks to support the aerospace industry's transition to electric-powered travel and the sustainability of space exploration. The Exploration Company relies on Ansys solutions to optimize Nyx's engine and body specifications as well as accelerate development time for the reusable orbital vehicle.

Ansys Fluent and Ansys Mechanical are used for designing propellant pumps and engine layouts, while Thermal Desktop and Ansys Granta aid in thermal design and material data management, respectively. The Ansys Startup Program enables quick iteration and prototyping that ensures Nyx's propulsion systems meet the stringent requirements of spaceflight and reusability.

ANSYS develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia.

The company recently strengthened its collaboration with NVIDIA to boost the advancement of simulation solutions backed by pioneering technologies like computing and generative AI.

This will aid in the development of 6G communication systems, digital twins, next-generation simulations, autonomous vehicles, improved graphics and visual rendering. It will also be beneficial for the creation of personalized language models developed with NVIDIA AI foundry services.

ANSS currently carries a Zacks Rank #3 (Hold). Shares of Ansys have gained 5.9% in the past year compared with the sub-industry’s growth of 42.5%.

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Stocks to Consider

Some better-ranked stocks from the broader technology space are Synopsys SNPS, Woodward WWD and Perion Network PERI. Synopsys and Perion Network sport a Zacks Rank #1 (Strong Buy), while Woodward carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Synopsys’ 2024 earnings per share (EPS) has improved 0.3% in the past 60 days to $13.46. SNPS’s long-term earnings growth rate is 17.5%.

Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. SNPS shares have risen 56.1% in the past year.

The Zacks Consensus Estimate for Woodward’s fiscal 2024 EPS has moved up 5.7% in the past 60 days to $5.27. WWD’s long-term earnings growth rate is 15.5%.

Woodward’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 27.2%. WWD shares have risen 62.3% in the past year.

The Zacks Consensus Estimate for Perion Network’s fiscal 2024 EPS has improved 0.6% in the past 60 days to $3.34. PERI’s long-term earnings growth rate is 22%.

The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.9%. PERI shares have lost 42% in the past year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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