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January 29, 2014
10:02 EDTCRUSCirrus Logic drops sharply after earnings, levels to watch
The company beat expected results for its Q3 when it reported last night, but saw revenue for its Q4 at $130M to $150M. At time of writing the stock is down over 8.4% to $17.17. At that price, next support is at $16.46, the 52-week low. That support was nearly reached at the session low today. Resistance is at $17.81, the session high.
News For CRUS From The Last 14 Days
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August 21, 2014
11:30 EDTCRUSCirrus Logic completes acquisition of Wolfson Microelectronics
Cirrus Logic announced that it has completed its acquisition of Wolfson Microelectronics. Cirrus Logic believes that the acquisition will strengthen its position as a market leader with a highly differentiated global customer base and end-to-end signal processing solutions, including integrated circuits and software for portable audio applications. Cirrus Logic will provide financial information for the combined company when it reports 2Q15 results.
August 12, 2014
10:07 EDTCRUSCirrus Logic losing China OEM market share to Qualcomm, says Rosenblatt
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