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Actionable news in CY: Cypress Semiconductor Corporation,

Can Cypress (CY) Run Higher on Strong Earnings Estimate Revisions?

Cypress Semiconductor Corporation CY 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...