You are making assumptions about what CY said. Yesterday Cypress said this: "SAN JOSE, Calif., January 20, 2016—Based on information available to date, Cypress Semiconductor Corp. (NASDAQ: CY) today confirmed the fourth quarter 2015 financial outlook it provided on October 22, 2015."
The financial outlook provided October 22 was this:
"FOURTH QUARTER 2015 FINANCIAL OUTLOOK
For the fourth quarter of 2015, Cypress estimates non-GAAP financial results as follows: net sales in the range of $430 million to $460 million, gross margin of 41%, and diluted EPS in the range of $0.11 to $0.15."
What I am suggesting is that if they come in at the low end of guidance and cut the Q1/1H forecast, the stock will drop.