Cirrus Drops 14%: Two Downgrades; Bears Fret Diversification, Bulls See Opportunity

Shares of chip maker Cirrus Logic (CRUS) are down $3.40, or almost 14%, at $21.02, despite the company last night beating fiscal Q2 expectations and forecasting higher Q3 revenue than consensus. The stock has gotten two downgrades today, from Sidoti & Co. and from Barclays. Barcalys’s Blayne Curtis cut his rating on the stock from […]

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