Cypress Semi (CY) Reports In-Line Q4 EPS; Issues Light Q1 EPS Outlook
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Wedbush Reiterates Outperform on Cypress Semiconductor (CY) as Asia Pac Drives Revenue
January 29, 2016 9:37 AM ESTWedbush maintained an Outperform rating on Cypress Semiconductor (NASDAQ: CY), and cut the price target to $11.00 (from $13.00), following the company's 4Q earnings report. 4Q revenue of $456MM was above the Street's $445MM estimate. Pro forma EPS of $0.14 was in-line with the Street's $0.13. The slight revenue... More
Sterne Agee CRT Downgrades Cypress Semi (CY) to Neutral
January 29, 2016 7:25 AM ESTSterne Agee CRT downgraded Cypress Semi (NASDAQ: CY) from Buy to Neutral with a price target of $8.00.
Analyst Douglas Freedman commented, "We are downgrading CY to Neutral as the self-help fab consolidation and margin improvements thesis has not played out as we have... More
