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Last $11.48 USD
Change Today -0.14 / -1.20%
Volume 4.6M
CY On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

cypress semiconductor corp (CY) Key Developments

­­Cypress Semiconductor Corporation Announces Unaudited Consolidated Earnings Results for Second Quarter and Cash Flow Results for the Six Months Ended June 28, 2015; Provides Earnings Guidance for the Third Quarter of 2015

Cypress Semiconductor Corporation announced unaudited consolidated earnings results for second quarter and cash flow results for the six months ended June 28, 2015. For the quarter, the company reported revenues of $484,778,000, operating loss of $80,962,000, loss before income taxes of $87,756,000, net loss attributable to company of $90,051,000 or $-0.27 per basic and diluted share, non-GAAP revenues of $491,028,000, non-GAAP operating income of $60,946,000, non-GAAP pretax profit of $55,999,000, non-GAAP net income attributable to company of $52,870,000 or $0.15 per diluted share, net cash used in operating activities of $65,620,000, capital expenditures of $18,735,000 compared to the revenues of $183,601,000, operating income of $10,584,000, income before income taxes of $9,456,000, net income attributable to company of $9,527,000 or $0.06 per basic and diluted share, non-GAAP revenues of $183,601,000, non-GAAP operating income of $28,945,000, non-GAAP pretax profit of $27,447,000, non-GAAP net income attributable to company of $26,723,000 or $0.16 per diluted share, net cash provided by operating activities of $45,307,000, capital expenditures of $5,767,000 for the same quarter a year ago. Non-GAAP EBITDA was $81 million. Cash from operations was impacted by the pay-down of $86 million of merger-related expenses. Excluding these expenses, cash from ops would have been $21 million. For the six months period, the company reported net cash used in operating activities of $53,327,000, capital expenditures of $25,231,000 compared to the net cash provided by operating activities of $69,500,000, capital expenditures of $11,378,000 for the same period a year ago. The company expect third quarter non-GAAP revenue in the range of $490 million to $520 million for the quarter. The company estimate consolidated gross margins to be 41.5%, plus or minus, as this will vary with utilization, product and customer mix. Interest expense will be approximately $4 million for the quarter and minority interest benefit of approximately $300,000 associated with stubs. The company expects the tax expense of approximately $4.5 million or 6.6%. CapEx for the quarter will be roughly $30 million and depreciation of approximately $20 million. The non-GAAP earnings per share is expected to be in a range of $0.15 to $0.19 for the quarter.

Cypress Semiconductor Corporation to Report Q2, 2015 Results on Jul 23, 2015

Cypress Semiconductor Corporation announced that they will report Q2, 2015 results at 8:30 AM, Pacific Daylight on Jul 23, 2015

Cypress Semiconductor Corporation, Q2 2015 Earnings Call, Jul 23, 2015

Cypress Semiconductor Corporation, Q2 2015 Earnings Call, Jul 23, 2015

Cypress Semiconductor Corporation(NasdaqGS:CY) added to Russell 1000 Index

Cypress Semiconductor Corporation has been added to Russell 1000 Index.

Cypress Semiconductor Corporation(NasdaqGS:CY) dropped from Russell 2000 Index

Cypress Semiconductor Corporation will be removed from Russell 2000 Index

 

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CY

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Valuation CY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.6x
Price/Book 1.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.1x
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