Cypress Semiconductor downgraded to Hold from Buy at Wunderlich Wunderlich downgraded Cypress Semiconductor citing a lack of near-term catalysts and commoditization of the company's TrueTouch product line. The firm lowered its price target for shares to $10 from $12.
News For CY From The Last 14 Days
Check below for free stories on CY the last two weeks.
Cypress Semiconductor sees Q3 EPS 15c-17c, consensus 17c Sees Q3 revenue $185M-$191M, consensus $197.56M. Sees Q3 gross margin to decrease slightly to 53% in Q3. Says inventory dollars to remain flat in Q3. Sees Q3 CapEx $7M. Comments made during the company's Q2 earnings conference call.