Cypress Reports Second Quarter 2016 Results

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Go back to Cypress Reports Second Quarter 2016 Results

Cypress Semi (CY) PT Raised to $14 at Needham & Company on GM Expansion and Take-out Multiple

July 29, 2016 12:53 PM EDT

Needham & Company analyst Rajvindra Gill reiterated a Buy rating and lifted his price target on Cypress Semi (NASDAQ: CY) to $14.00 (from $12.00) on gross margin expansion and takeout multiple.

Gill commented, "We are increasing our PT to $14 following a solid qrt and guide... More

Cypress Semiconductor (CY) Reports In-Line Q2 EPS

July 28, 2016 4:12 PM EDT

Cypress Semiconductor (NASDAQ: CY) reported Q2 EPS of $0.12, in-line with the analyst estimate of $0.12. Revenue for the quarter came in at $450.1 million versus the consensus estimate of $455.15 million.

"Second quarter non-GAAP revenue, margin and EPS were in line with guidance," said Thad Trent,... More