The shares of Cypress Semiconductor Corporation (CY), currently has mean rating of Outperform while 2 analysts have recommended the shares as BUY, 7 recommended as OUTPERFORM and 5 recommended as HOLD. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Mar 16 is $425.15M by 14 analysts. The mean estimate of sales for the year ending Dec 16 is $1.81B by 16 analysts.

The mean price target for the shares of Company is at $10.3 while the highest price target suggested by the analysts is $15 and low price target is $7.75. The mean price target is calculated keeping in view the consensus of 14 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Company stands at $0.06 while the EPS for the current year is fixed at $0.45 by 15 analysts.

The next one year’s EPS estimate is set at $0.81 by 15 analysts while revenue forecast for the same year is $1.90B. The analysts also projected the company’s long-term growth at 22.9 percent for the upcoming five years.

In its latest quarter Cypress Semiconductor Corporation reported earnings of $0.13 a share. The posted earnings met the analyst’s consensus of $0.13 per share with the surprise factor of 0 percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On March 15, 2016, Cypress Semiconductor Corporation (CY) introduced a Bluetooth® Low Energy module solution that extends the range of Bluetooth to 400 meters, eight times that of current Bluetooth solutions. The new EZ-BLE™ PSoC® XT/XR module’s extended range opens up the use of Bluetooth connectivity to a broad range of home automation, industrial and smart city applications. For example, it enables a parking meter to receive payments via the Bluetooth connections on smartphones, while also reporting in to a central hub that covers a city block.

Cypress is also demonstrating an implementation for lighting applications that is compliant with the latest proposal from the Bluetooth Smart Mesh Working Group. Mesh networking extends the range of Bluetooth by allowing devices to send data to and receive data from multiple neighboring devices—a critical capability for many IoT applications.

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