Cypress (CY, $13.87) climbs +8%, on better-than-expected earnings

Cypress Semiconductor Corp. shares jumped +8% on Friday, following the company’s earnings report release post-market close on Thursday.

The semiconductor company reported adjusted earnings of 35 cents a share for the fourth quarter, beating Zacks Consensus Estimate by 2 cents. The per-share earnings were higher by 7 cents from the year-ago period.

Fourth-quarter revenue was nearly $604.5 million. 

For the full year, Cypress raked in adjusted earnings of $1.36 per share, compared to 2017’s 89 cents per share. The company’s revenue for the full year climbed +7% from the previous year, to touch $2.5 billion. 

The company’s projections for 2019 include first-quarter revenue in the range of $520 million and $550 million, and adjusted earnings of 22 cents per share for the period.

Cypress' CEO Hassane El-Khoury indicated that the company would continue to focus on the following markets: Internet of Things (Internet-connected devices), automotive and industrial.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.