Cypress Reports Fourth Quarter and Year-End 2015 Results

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Go back to Cypress Reports Fourth Quarter and Year-End 2015 Results

Wedbush Reiterates Outperform on Cypress Semiconductor (CY) as Asia Pac Drives Revenue

January 29, 2016 9:37 AM EST

Wedbush 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 EST

Sterne 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