2 Reasons Why Cypress Semiconductor Is Still a Good Bet
Cypress Semiconductor (NASDAQ: CY) showed once again why it is one of the hottest-performing semiconductor names on the stock market with an impressive third-quarter report in late October. The semiconductor specialist bested Wall Street expectations thanks to its strategy of targeting fast-growing markets such as the Internet of Things, gaming consoles, and automotive chips.
The icing on the cake for Cypress was robust fourth-quarter guidance. Not surprisingly, investors cheered the company's performance and the shares soared to five-year highs. But the good news is that Cypress isn't done growing yet as it has a strong set of catalysts.
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Source: Fool.com