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CRUS

Cirrus Logic

$37.58

-1.41 (-3.62%)

14:35
04/19/18
04/19
14:35
04/19/18
14:35

Cirrus Logic put volume heavy and directionally bearish

Bearish flow noted in Cirrus Logic with 1,939 puts trading, or 4x expected. Most active are 5/4 weekly 33.5 puts and 4/27 weekly 35 puts, with total volume in those strikes near 680 contracts. The Put/Call Ratio is 2.18, while ATM IV is up over 3 points on the day. Earnings are expected on May 2nd.

  • 02

    May

CRUS Cirrus Logic
$37.58

-1.41 (-3.62%)

02/06/18
NEED
02/06/18
DOWNGRADE
NEED
Hold
Cirrus Logic downgraded to Hold from Buy at Needham
02/06/18
CHLM
02/06/18
NO CHANGE
Target $44
CHLM
Hold
Cirrus Logic price target lowered to $44 from $54 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss lowered his price target for Cirrus Logic (CRUS) to $44 from $54 saying results/guide were below estimates on weaker Apple (AAPL) iPhone Sales. The analyst reiterates a Hold rating on Cirrus Logic's shares given risk to content in 2018 iPhone.
02/06/18
MKMP
02/06/18
NO CHANGE
Target $54
MKMP
Buy
Cirrus Logic price target lowered to $54 from $74 at MKM Partners
MKM Partners analyst Ruben Roy lowered his price target on Cirrus Logic (CRUS) to $54 after a Q3 earnings miss attributed to unexpected weakness in smartphone demand that began to materialize in late December. Roy also notes the Q4 outlook well below consensus, suggesting that the handset demand remains weak. The analyst keeps his Buy rating on Cirrus Logic longer term however, based on the company's ability to benefit from content gain opportunities at Apple (AAPL) and new design opportunities at Android manufacturers as well as ongoing proliferation of audio and voice technologies.
02/06/18
02/06/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Radware (RDWR) downgraded to In-Line from Outperform at Imperial Capital by analyst Michael Kim, who reduced his estimates to reflect elevated uncertainty in the timing and magnitude of purchase orders, particularly from Tier 1 carriers. He sees limited downside from current share levels, however. 2. Micron (MU) downgraded to Hold from Buy at Summit Insights. Micron was upgraded to Strong Buy at Needham and to Overweight from Sector Weight at KeyBanc. 3. Exxon Mobil (XOM) downgraded to Underweight from Overweight at Barclays by analyst Paul Cheng, who recommended investors shift from Exxon Mobil to Chevron (CVX), a stock he upgraded this morning to Overweight. Exxon may not be able to maintain its historical valuation premium, Cheng tells investors in a research note. He thinks the company's valuation still reflects "rich historical norms," while the upstream's underlying fundamentals "appear to have suffered a structural deterioration." 4. Cirrus Logic (CRUS) downgraded to Hold from Buy Needham. 5. Catalent (CTLT) downgraded to Equal Weight from Overweight at Stephens by analyst Drew Jones, who believes there to be some conservatism in its guidance. However, he sees the potential for outperformance as less significant than in the past. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

02:40
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General news
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INGIY

Ingenico

$0.00

(0.00%)

20:59
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  • 21

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MSFT

Microsoft

$113.24

1.05 (0.94%)

20:52
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09/18
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20:52
Hot Stocks
Microsoft announces new AI and mixed reality business applications for Dynamics »

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    Mar

BWA

BorgWarner

$42.99

-1.17 (-2.65%)

19:34
09/18/18
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BorgWarner sees operating margins in low-13% by FY23 vs 12.4% in FY17 »

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  • 18

    Sep

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JLL

Jones Lang LaSalle

$144.15

0.795 (0.55%)

19:31
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19:31
Hot Stocks
Jones Lang LaSalle CFO Christie Kelly resigns »

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  • 25

    Sep

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RACE

Ferrari

$138.31

5.465 (4.11%)

19:24
09/18/18
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Earnings
Ferrari sees FY18 revenue over EUR3.4B »

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  • 18

    Sep

SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

, INAP

Internap

$12.39

-0.33 (-2.59%)

19:02
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09/18
19:02
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19:02
Hot Stocks
Fly Intel: After Hours Movers »

HIGHER: Stein Mart (SMRT)…

SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

INAP

Internap

$12.39

-0.33 (-2.59%)

TRVG

Trivago

$5.13

0.26 (5.34%)

PRQR

ProQR Therapeutics

$20.25

-1.4 (-6.47%)

MSFT

Microsoft

$113.24

1.05 (0.94%)

EVOP

EVO Payments

$26.27

-0.42 (-1.57%)

TSM

TSMC

$43.57

-0.2 (-0.46%)

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  • 21

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  • 21

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

18:58
09/18/18
09/18
18:58
09/18/18
18:58
Periodicals
China to place new tariffs on $60B in U.S. exports, WSJ says »

China's government…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

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SQ

Square

$87.97

1.1 (1.27%)

18:55
09/18/18
09/18
18:55
09/18/18
18:55
Periodicals
Square seeks to bring 'omnichannel' experience to restaurants, CNBC says »

Square CFO Sarah Friar…

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  • 18

    Sep

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    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:48
09/18/18
09/18
18:48
09/18/18
18:48
Hot Stocks
Microsoft confirms raised quarterly dividend payment to 46c from 42c per share »

The dividend is payable…

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  • 21

    Oct

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  • 03

    Mar

KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

18:39
09/18/18
09/18
18:39
09/18/18
18:39
Hot Stocks
Kirkland Lake Gold acquires shares of Osisko Mining »

Kirkland Lake Gold…

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  • 23

    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
09/18/18
09/18
18:39
09/18/18
18:39
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

Microsoft raises…

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  • 21

    Oct

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  • 03

    Mar

OMAB

OMA Airports

$56.18

2.13 (3.94%)

18:23
09/18/18
09/18
18:23
09/18/18
18:23
Downgrade
OMA Airports rating change at Santander »

OMA Airports downgraded…

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CE

Celanese

$113.41

-0.03 (-0.03%)

18:01
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Hot Stocks
Celanese raises prices for acetate tow in Eastern Europ and Asia by $1/kg »

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

17:58
09/18/18
09/18
17:58
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17:58
Periodicals
Wynn sued over allegations of rigging Boston casino bid, Bloomberg says »

Wynn Resorts and former…

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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

17:48
09/18/18
09/18
17:48
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17:48
Hot Stocks
SPDR Gold Trust holdings fall to 742.23MT from 742.53MT »

This is the lowest level…

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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

17:35
09/18/18
09/18
17:35
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17:35
Recommendations
Jazz Pharmaceuticals analyst commentary at BMO Capital »

Jazz Pharmaceuticals…

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  • 18

    Sep

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RIG

Transocean

$11.93

0.335 (2.89%)

17:29
09/18/18
09/18
17:29
09/18/18
17:29
Initiation
Transocean initiated at Morgan Stanley »

Transocean initiated with…

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NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
09/18/18
09/18
17:26
09/18/18
17:26
Initiation
Noble Corp. initiated at Morgan Stanley »

Noble Corp. initiated…

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  • 24

    Sep

CCOEY

Capcom

17:24
09/18/18
09/18
17:24
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17:24
Periodicals
Capcom shutting down Vancouver studio, Kotaku says »

Capcom Vancouver,…

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BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
09/18/18
09/18
17:24
09/18/18
17:24
Syndicate
Breaking Syndicate news story on Best Buy »

Best Buy files automatic…

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DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
09/18/18
09/18
17:22
09/18/18
17:22
Initiation
Diamond Offshore initiated at Morgan Stanley »

Diamond Offshore…

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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
09/18/18
09/18
17:20
09/18/18
17:20
Upgrade
TSMC rating change at Morgan Stanley »

TSMC upgraded to…

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