Back to top

Tale of the Tape

Zacks Equity Research

Can Cypress (CY) Run Higher on Strong Earnings Estimate Revisions?
November 29, 2016

CY

Trades from $3

Cypress Semiconductor Corporation (CY - Free Report) is a developer and manufacturer of high-performance digital and mixed-signal integrated circuits that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CY’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Cypress could be a solid choice for investors.

Current Quarter Estimates for CY

In the past 30 days, 1 estimate has gone higher for Cypress while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 6 cents a share 30 days ago, to 7 cents per share today, a move of 16.7%.

Current Year Estimates for CY

Meanwhile, Cypress’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 20 cents per share 30 days ago to 25 cents per share today, an increase of 25%.

CYPRESS SEMICON Price and Consensus

 

CYPRESS SEMICON Price and Consensus | CYPRESS SEMICON Quote

Bottom Line

The stock has also started to move higher lately, adding 9.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

The Best Place to Start Your Stock Search

Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
 


In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

CYPRESS SEMICON (CY) - free report >>