{"id":35553,"date":"2015-05-04T08:17:02","date_gmt":"2015-05-04T12:17:02","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=35553"},"modified":"2015-05-04T08:17:02","modified_gmt":"2015-05-04T12:17:02","slug":"cypress-semiconductor-corporation-nasdaqcy-bulls-remain-hopeful-above-12-25","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/cypress-semiconductor-corporation-nasdaqcy-bulls-remain-hopeful-above-12-25-35553","title":{"rendered":"Cypress Semiconductor Corporation (NASDAQ:CY) \u2013 Bulls Remain Hopeful Above $12.25"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Cypress Semiconductor Corporation (NASDAQ:CY)<\/strong> spent a volatile session in the last trading day of the week, especially after the big rally on Thursday but ended the day almost flat with a very modest gain of 0.15%. The volume remained high as it touched 20 million, nearly three times the daily average of 7 million only.<\/p>\n<p style=\"text-align: justify;\">Even a lower than expected quarterly result failed to push Cypress Semiconductor Corporation (NASDAQ:CY) down further. The company reported an adjusted first quarter loss of $0.45 per share against the expected profit of $0.06 but the market quickly realized that an acquisition cost of $107 million was adjusted by the company as a part of the acquisition of Spansion Inc. Otherwise, the earning per share would come at $0.10, better than the consensus figure. On the other hand, the revenue at $209.10 million came a bit lower than the expected $212.9 million but the market shrugged it off.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/CY1.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\" size-full wp-image-35556 aligncenter\" src=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/CY1.jpg\" alt=\"CY\" width=\"631\" height=\"454\" srcset=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/CY1.jpg 631w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/CY1-300x216.jpg 300w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/CY1-76x55.jpg 76w\" sizes=\"(max-width: 631px) 100vw, 631px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">The retirement of J. Daniel McCranie, the executive vice president of sales and applications of Cypress Semiconductor Corporation (NASDAQ:CY) was also announced, who would be succeeded by Michael Balow.<\/p>\n<p style=\"text-align: justify;\">The stock has been upgraded to \u201cstrong buy\u201d from \u201cbuy\u201d by the Needham analyst Rajvindra Gill, with the price target remaining unchanged at $20. Wedbush has reiterated their outperform rating too but decreased the price target to $17 from the earlier $18 levels. The recent positivity about the stock comes from the solid guidance reported by the company in its first consolidated quarter with CODE. The increased synergy target of $160 million from the previous $135 million boosted the sentiment too.<\/p>\n<p style=\"text-align: justify;\">Technically, the bullish sentiment remains intact as long as the stock trades above $12.25. Still the important $13 level, acting as a major support\/resistance for a long time, must be controlled by the bulls very soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cypress Semiconductor Corporation (NASDAQ:CY) spent a volatile session in the last trading day of the week, especially after the big rally on Thursday but ended [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":35555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[10872,11374,10830],"stock_ticker":[],"class_list":["post-35553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-cypress-semiconductor-corporation-nasdaqcy","tag-j-daniel-mccranie","tag-nasdaqcy","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cypress Semiconductor Corporation (NASDAQ:CY) \u2013 Bulls Remain Hopeful Above $12.25 - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/cypress-semiconductor-corporation-nasdaqcy-bulls-remain-hopeful-above-12-25-35553\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cypress Semiconductor Corporation (NASDAQ:CY) \u2013 Bulls Remain Hopeful Above $12.25 - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Cypress Semiconductor Corporation (NASDAQ:CY) spent a volatile session in the last trading day of the week, especially after the big rally on Thursday but ended [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/cypress-semiconductor-corporation-nasdaqcy-bulls-remain-hopeful-above-12-25-35553\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-04T12:17:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/Cypress-Semiconductor.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"349\" \/>\n\t<meta property=\"og:image:height\" content=\"144\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/cypress-semiconductor-corporation-nasdaqcy-bulls-remain-hopeful-above-12-25-35553#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/cypress-semiconductor-corporation-nasdaqcy-bulls-remain-hopeful-above-12-25-35553\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"Cypress Semiconductor Corporation (NASDAQ:CY) \u2013 Bulls Remain Hopeful Above $12.25\",\"datePublished\":\"2015-05-04T12:17:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/cypress-semiconductor-corporation-nasdaqcy-bulls-remain-hopeful-above-12-25-35553\"},\"wordCount\":296,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/cypress-semiconductor-corporation-nasdaqcy-bulls-remain-hopeful-above-12-25-35553#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/05\/Cypress-Semiconductor.jpg\",\"keywords\":[\"Cypress Semiconductor Corporation (NASDAQ:CY)\",\"J. 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