Cypress Semiconductor closed the most recent trading day at $12.38, making no change from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.66%. Elsewhere, the Dow lost 0.99%, while the tech-heavy Nasdaq lost 1.63%.
Heading into today, shares of the chipmaker had lost 13.97% over the past month, lagging the Computer and Technology sector's loss of 10.48% and the S&P 500's loss of 8.1% in that time.
Investors will be hoping for strength from CY as it approaches its next earnings release, which is expected to be February 7, 2019. In that report, analysts expect CY to post earnings of $0.35 per share. This would mark year-over-year growth of 25%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.33 per share and revenue of $2.52 billion. These totals would mark changes of +49.44% and +8.41%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for CY. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.94% lower. CY currently has a Zacks Rank of #4 (Sell).
Digging into valuation, CY currently has a Forward P/E ratio of 9.29. This valuation marks a discount compared to its industry's average Forward P/E of 11.95.
Investors should also note that CY has a PEG ratio of 0.6 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Semiconductor - Communications stocks are, on average, holding a PEG ratio of 1.29 based on yesterday's closing prices.
The Semiconductor - Communications industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 113, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CY in the coming trading sessions, be sure to utilize Zacks.com.
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Cypress Semiconductor (CY) Flat As Market Sinks: What You Should Know
Cypress Semiconductor closed the most recent trading day at $12.38, making no change from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.66%. Elsewhere, the Dow lost 0.99%, while the tech-heavy Nasdaq lost 1.63%.
Heading into today, shares of the chipmaker had lost 13.97% over the past month, lagging the Computer and Technology sector's loss of 10.48% and the S&P 500's loss of 8.1% in that time.
Investors will be hoping for strength from CY as it approaches its next earnings release, which is expected to be February 7, 2019. In that report, analysts expect CY to post earnings of $0.35 per share. This would mark year-over-year growth of 25%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.33 per share and revenue of $2.52 billion. These totals would mark changes of +49.44% and +8.41%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for CY. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.94% lower. CY currently has a Zacks Rank of #4 (Sell).
Digging into valuation, CY currently has a Forward P/E ratio of 9.29. This valuation marks a discount compared to its industry's average Forward P/E of 11.95.
Investors should also note that CY has a PEG ratio of 0.6 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Semiconductor - Communications stocks are, on average, holding a PEG ratio of 1.29 based on yesterday's closing prices.
The Semiconductor - Communications industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 113, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CY in the coming trading sessions, be sure to utilize Zacks.com.