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Stock Market & Financial Investment News

News Breaks
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 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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