Cypress Semiconductor (CY) Tops Q3 EPS by 1c; Issues Light Q4 Outlook

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Go back to Cypress Semiconductor (CY) Tops Q3 EPS by 1c; Issues Light Q4 Outlook

Needham & Company Downgrades Cypress Semi (CY) to Buy

October 23, 2015 8:09 AM EDT

Needham & Company downgraded Cypress Semi (NASDAQ: CY) from Strong Buy to Buy with a price target of $12.00.

Analyst Rajvindra Gill commented, "CY's revenue was in-line with our recently revised ests, but 4Q15 was guided below seasonal due to macro softness. The $160MM... More