Tech Stocks Outlines! Cypress Semiconductor Corporation (CY), Square Inc (SQ)
Shares of Cypress Semiconductor Corporation (NASDAQ:CY) ended Wednesday session in green amid volatile trading. The shares closed up +0.12 points or 1.18% at $10.25 with 6.15 million shares getting traded. Post opening the session at $10.00, the shares hit an intraday low of $9.85 and an intraday high of $10.33 and the price vacillated in this range throughout the day. The company has a market cap of $3.29 billion and the numbers of outstanding shares have been calculated to be 320.81 million shares.
Cypress Semiconductor Corporation (CY) recently declared a new version of its development platform for the Internet of Things (IoT) that facilitates wireless connectivity in minutes. The Wireless Internet Connectivity for Embedded Devices (WICED®) Studio 4 platform provides a single development environment for multiple wireless technologies, counting Cypress’s world-class Wi-Fi®, Bluetooth® and combo solutions, with an easy-to-use application programming interface. The WICED platform supports the most popular cloud services and eliminates the need for developers to implement the various protocols to connect to them, reducing development time and costs.
“Many IoT applications are trending toward combo solutions that facilitate Wi-Fi, Bluetooth and alternative connectivity protocols, and every IoT developer is looking for a simple migration path to connectivity upgrades,” said Mike Hogan, Vice President of the IoT Business Unit at Cypress. “Our new WICED Studio 4 development platform provides a single tool for designs with multiple wireless protocols, streamlining the design process and allowing our customers to get their innovative connected products to market faster.”
Shares of Square Inc (NYSE:SQ) ended Wednesday session in red amid volatile trading. The shares closed down -0.34 points or -2.76% at $12.00 with 6.21 million shares getting traded. Post opening the session at $11.69, the shares hit an intraday low of $11.67 and an intraday high of $12.19 and the price vacillated in this range throughout the day. The company has a market cap of $4.27 billion and the numbers of outstanding shares have been calculated to be 352.14 million shares.
Square Inc (SQ) hired Hillary B. Smith as the company’s General Counsel. Smith brings to Square years of legal leadership experience at technology companies and has navigated complex legal and regulatory environments at the local, state, and federal level. Smith most recently served as General Counsel for Zenefits.
“Square is a purpose-driven company with a long track record of innovation, and I’m excited to work alongside the team as they continue to take the company—and the entire financial services industry—forward,” said Smith.
“Hillary has exceptional experience serving as general counsel at several technology companies, both publicly traded and startups, and she’s a great fit for our team,” said Jack Dorsey, CEO of Square.