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Stock Market & Financial Investment News

News Breaks
December 14, 2012
14:06 EDTCRUSCirrus Logic drops after report of Apple supplier order cuts, levels to watch
The shares are down over 6.9% at time of writing, near the lows of the day. Support is at $24.94, the lows of the last six months. Resistance is at $26.04. Jefferies issued a note earlier today outlining that Apple (AAPL) suppliers, including Cirrus Logic (CRUS), have received order cuts.
News For CRUS From The Last 14 Days
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August 20, 2015
05:55 EDTCRUSCirrus Logic pullback a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Ruben Roy recommends using the recent pullback in shares of Cirrus Logic as a buying opportunity. The stock is down 23% from the post earnings highs in late July, Roy tells investors in a research note. After hosting investor meetings with Cirrus Logic CEO Jason Rhode, Roy believes increasing dollar content in upcoming handsets and revenue diversification will remain key themes for the company over the next 18 months. He views Cirrus as the "strongest beneficiary" from expanding voice activation applications in portable and mobile devices. Roy reiterates an Overweight rating on the stock with a $44 price target.

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