RBC Capital Maintains an 'Outperform' on Cypress Semi (CY); Executing, But Fears Not Alleviated
Tweet
Share
E-mailGet Alerts CY Hot Sheet
Price: $23.82 --0%
Rating Summary:
10 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
10 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
RBC Capital maintains an 'Outperform' on Cypress Semi (NASDAQ: CY) price target of $19.00 (from $24.00).
Analyst, Doug Freedman, said, "We believe the stock is trading lower on fears that seasonal patterns impact 4Q12 results, forcing 2013 estimates to move towards $0.60. We believe these estimates will prove conservative on conservative' as earnings power is likely closer to $1.00 in 2013."
"CY is executing through several levers, including improving margin profile, stern OpEx control (controlled hiring), prudent buy-backs and lower stock-based compensation, in-order to return value to shareholders."
For an analyst ratings summary and ratings history on Cypress Semi click here. For more ratings news on Cypress Semi click here.
Shares of Cypress Semi closed at $11.59 yesterday.
Analyst, Doug Freedman, said, "We believe the stock is trading lower on fears that seasonal patterns impact 4Q12 results, forcing 2013 estimates to move towards $0.60. We believe these estimates will prove conservative on conservative' as earnings power is likely closer to $1.00 in 2013."
"CY is executing through several levers, including improving margin profile, stern OpEx control (controlled hiring), prudent buy-backs and lower stock-based compensation, in-order to return value to shareholders."
For an analyst ratings summary and ratings history on Cypress Semi click here. For more ratings news on Cypress Semi click here.
Shares of Cypress Semi closed at $11.59 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Beike (BEKE) PT Raised to $23 at Morgan Stanley
- Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
RBC Capital, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
