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News Breaks
July 7, 2014
12:35 EDTCRUSCirrus Logic options active into SEMICON West 2014
Cirrus Logic July 23 calls and September 24 puts are active on total call volume of 6K contracts (5K puts) into SEMICON West 2014. July call option implied volatility is at 60, August is at 51, September is at 41, December is at 40; compared to its 26-week average of 41 according to Track Data. Active option volume suggests traders taking positions for price movement.
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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