Cypress Semiconductor Corp. (CY) Posts Quarterly Results
Cypress Semiconductor Corp. (NYSE:CY) issued its quarterly earnings data on Thursday. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.03, Analyst Ratings Network reports. The company had revenue of $188.72 million for the quarter, compared to the consensus estimate of $204.70 million.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Cypress Semiconductor Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a $9.75 price target on the stock. On a related note, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Cypress Semiconductor Corp. in a research note to investors on Friday, September 27th. They now have a $10.50 price target on the stock, down previously from $13.50. Finally, analysts at Nomura reiterated a “hold” rating on shares of Cypress Semiconductor Corp. in a research note to investors on Wednesday, September 25th. They now have a $12.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $13.16.
Cypress Semiconductor Corp. (NYSE:CY) opened at 9.40 on Thursday. Cypress Semiconductor Corp. has a one year low of $8.70 and a one year high of $13.23. The stock’s 50-day moving average is $10.36 and its 200-day moving average is $11.01. The company’s market cap is $1.403 billion.
Cypress Semiconductor Corporation (NYSE:CY), delivers high-performance, mixed-signal and programmable solutions.
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