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Tech Stocks to Path! Cypress Semiconductor Corporation (CY), Brocade Communications Systems, Inc. (BRCD)

Shares of Cypress Semiconductor Corporation (NASDAQ:CY) ended Friday session in green amid volatile trading. The shares closed up +0.17 points or 1.42% at $12.16 with 8,142,164 shares getting traded. Post opening the session at $12.01, the shares hit an intraday low of $11.97 and an intraday high of $12.22 and the price vacillated in this range throughout the day. The company has a market cap of $3.96 billion and the numbers of outstanding shares have been calculated to be 321.18 million shares.

On Sept. 30, 2016 Cypress Semiconductor Corp. (CY) and Hackster announced a global design competition that gives engineers the opportunity to prototype their innovative ideas that sense the world around us for use in the growing Internet of Things (IoT) market, home appliances, and consumer and industrial applications. The Sensing the World Challenge will use Cypress’s easy-to-use CY8CKIT-048 PSoC® Analog Coprocessor Pioneer Kit as the development hardware platform. Hackster will select a winner from three regions—the Americas, Asia Pacific and Australia, and Europe and Africa—and each will receive an Oculus Rift virtual reality headset and development kit.

“People generally associate the IoT with connectivity, but most next-gen applications start with the ability to sense real-world conditions,” said Adam Benzion, co-founder and CEO of Hackster. “This new design challenge unleashes the imaginations of the worldwide Hackster community. Thanks to the Cypress PSoC Analog Coprocessor, they can develop a huge range of innovative applications with its mix of sensor input combinations.”

“I can’t wait to see what the creative minds of the Hackster community will develop with the rich, flexible analog resources they have to work with in this design contest,” said John Weil, vice president of MCU marketing at Cypress. “The PSoC Analog Coprocessor allows engineers to simply create cost-effective systems with precise, highly sensitive analog sensors. And our intuitive PSoC Creator™ integrated design environment enables rapid prototyping and design iterations with hardware and software flexibility.”

Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) ended Friday session in green amid volatile trading. The shares closed up +0.08 points or 0.87% at $9.23 with 6,767,805 shares getting traded. Post opening the session at $9.13, the shares hit an intraday low of $9.13 and an intraday high of $9.28 and the price vacillated in this range throughout the day. The company has a market cap of $3.73 billion and the numbers of outstanding shares have been calculated to be 400.87 million shares.

Brocade Communications Systems, Inc. (BRCD) on Sept. 22, 2016 announced the company has achieved leader status in the IHS Markit Wireless LAN Infrastructure Vendor Scorecard – 2016 for Ruckus Wireless’ significant presence in the market and fast-paced momentum in wireless LAN growth. Brocade acquired Ruckus Wireless in May 2016, and Ruckus now operates as a business unit within Brocade. Prior to the acquisition, Ruckus was already the largest standalone vendor of WLAN products.

According to IHS, “Due to market consolidation, the WLAN vendor landscape has bifurcated into end-to-end networking providers that can address the whole range of enterprise networking requirements and specialists that focus on a particular niche or new ways of solving old problems. The leaders—Brocade, Cisco, and HPE Aruba—are end-to-end networking providers that compete broadly in all segments of the market, leveraging the completeness of their portfolio and their installed bases.”

“Brocade is honored to be recognized as a leader in the IHS Markit WLAN Scorecard,” said Dan Rabinovitsj, chief operating officer, Ruckus Wireless business unit at Brocade. “We continue to offer our customers high-performing wireless technology, and the recognition by IHS further validates the considerable steps we’ve taken this year in the enterprise WLAN infrastructure market—a market that many forecast will continue to experience growth due to the rise in Internet traffic and next-gen connected devices. We look forward to further supporting our customers’ WLAN needs.”

 

 

About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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