Cypress Semiconductor (CY) Scheduled to Post Quarterly Earnings on Thursday
Cypress Semiconductor (NYSE:CY) is set to issue its Q214 quarterly earnings data on Thursday, July 17th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $183.82 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Cypress Semiconductor (NYSE:CY) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $170.28 million for the quarter, compared to the consensus estimate of $169.00 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts expect Cypress Semiconductor to post $0.52 EPS for the current fiscal year and $0.68 EPS for the next fiscal year.
Cypress Semiconductor (NYSE:CY) opened at 10.14 on Wednesday. Cypress Semiconductor has a one year low of $8.61 and a one year high of $13.23. The stock’s 50-day moving average is $10.68 and its 200-day moving average is $10.17. The company’s market cap is $1.599 billion.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cypress Semiconductor in a research note on Thursday, July 10th. They now have a $11.00 price target on the stock. On the ratings front, analysts at Sterne Agee reiterated a “positive” rating on shares of Cypress Semiconductor in a research note on Wednesday, June 4th. They now have a $10.32 price target on the stock, down previously from $13.00. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.81.
Cypress Semiconductor Corporation (NYSE:CY), delivers high-performance, mixed-signal and programmable solutions.
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