The following ratings changes were generated on Wednesday, Nov. 26.
We've downgraded Cypress Semiconductor(CY Quote) from hold to sell, driven by its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
Cypress Semiconductor's net income has significantly decreased when compared with the same quarter one year ago, falling from $29.82 million to -$24.09 million and significantly underperforming the S&P 500 and the semiconductors and semiconductor equipment industry. Return on equity has also greatly decreased from the same quarter one year prior, a signal of major weakness within the corporation, underperforming the S&P 500 and the industry average. ...
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