Cypress Semiconductor (CY) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Cypress Semiconductor (NYSE:CY) posted its quarterly earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04, American Banking and Market News reports. The company had revenue of $183.60 million for the quarter, compared to the consensus estimate of $183.82 million.
A number of analysts have recently weighed in on CY shares. 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 a related note, 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $10.81.
Shares of Cypress Semiconductor (NYSE:CY) opened at 10.31 on Thursday. Cypress Semiconductor has a 1-year low of $8.61 and a 1-year high of $13.23. The stock’s 50-day moving average is $10.67 and its 200-day moving average is $10.17. The company’s market cap is $1.626 billion.
Cypress Semiconductor Corporation (NYSE:CY), delivers high-performance, mixed-signal and programmable solutions.
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