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Stock Market & Financial Investment News

News Breaks
January 29, 2014
09:21 EDTCRUSCirrus Logic price target lowered to $18 from $24 at Canaccord
Canaccord lowered Cirrus estimates and reduced its price target to $18 following disappointing guidance and notes revenue concentration remains negative. Shares are Hold rated.
News For CRUS From The Last 14 Days
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July 30, 2014
11:22 EDTCRUSOptions with decreasing implied volatility
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July 29, 2014
11:46 EDTCRUSOptions with decreasing implied volatility
Options with decreasing implied volatility: INO PBYI ANGI MLNX INFN TTS QLIK DECK SKX CRUS
08:22 EDTCRUSCirrus Logic management to meet with Needham
Meetings to be held in Boston on August 5 and in Chicago on August 6 hosted by Needham.
July 28, 2014
11:18 EDTCRUSOptions with decreasing implied volatility
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July 24, 2014
10:26 EDTCRUSOptions with decreasing implied volatility
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July 23, 2014
18:34 EDTCRUSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Fortinet (FTNT), up 7.8%... Hanesbrands (HBI), up 5.4%... 8x8 (EGHT), up 5.1%... Infinera (INFN), up 4.9%... Facebook (FB), reverses and is now trading up 5.1% following second quarter earnings conference call. NOTABLE: Twitter (TWTR), up 1.7%, LinkedIn (LNKD), up marginally, and Yelp (YELP), up 1.6% after Facebook reports second quarter results. ALSO HIGHER: Spectranetics (SPNC), up 7.1% after receiving FDA clearance for atherectomy products, Turbo-Tandem and Turbo Elite... Ariad Pharmaceuticals (ARIA), up 7.1%... Jamba (JMBA), up 3.8% after Engaged Capital reports stake in the company and announced that they had discussions with management. DOWN AFTER EARNINGS: AT&T (T), down 1.2%... Angie's List (ANGI), down 16.4%... Tripadvisor (TRIP), down 11.5%... Orchids Paper (TIS), down 7.4%... Cirrus Logic (CRUS), down 6.6%... Cliffs Natural (CLF), down 1.2%... Teradyne (TER), down 4%. ALSO LOWER: Kandi Technologies (KNDI), down 3.8% after being mentioned negatively in a Seeking Alpha blog post.
16:03 EDTCRUSCirrus Logic sees Q2 revenue $175M-$195M, consensus $185.86M
Sees Q2 gross margin 47%-49%. The company said, “We are pleased with our Q1 financial results as we experienced strong demand for our custom and general market portable audio products across our customer base. With a robust pipeline of innovative products and the pending acquisition of Wolfson, we are strengthening the company’s position as a market leader in audio with a comprehensive product portfolio, differentiated software capabilities and a top-tier customer base.” The company expects to close its Wolfson Microelectronics acquisition in the September quarter.
16:01 EDTCRUSCirrus Logic reports Q1 adjusted EPS 37c, consensus 30c
Reports Q1 revenue $152.6M, consensus $148.03M. Reports Q1 gross margin of 49%.

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