- Ahead of its Jan. 28 Q4 report, Cypress Semi (NASDAQ:CY) has affirmed the Q4 guidance it issued on Oct. 22, during the company's Q3 earnings call.
- The microcontroller/memory maker also says it will open its buyback trading window tomorrow, and has affirmed its $450M buyback authorization (also announced on Oct. 22).
- Cypress has risen to $8.00 premarket. Low expectations - shares had fallen to new 52-week lows amid a steep market selloff - appear to be helping.
Cypress affirms Q4 guidance, buyback plans; shares +4.7%
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Symbol | Last Price | % Chg |
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CY | - | - |
Cypress Semiconductor Corporation |