Cirrus Logic Jumps On Analysts Note (CRUS, FWLT, STX, LANC, ZNGA)

Cirrus Logic, Inc. (NASDAQ:CRUS) shares gained 4.95% to $41.34 after Research analysts at Barclays Capital assumed coverage on shares of Cirrus Logic in a report released today. The firm set an “overweight” rating on the stock. Analysts expect that Cirrus Logic will post $2.33 EPS for the current fiscal year. The company develops analog and mixed-signal integrated circuits (ICs) for a range of audio and energy markets.

Can CRUS Continue To Move Higher? Find Out Here

Foster Wheeler AG (NASDAQ:FWLT) stock increased 3.57% to $21.20 after the company announced that a subsidiary of Global Engineering and Construction Group has been awarded a contract by Petróleo Brasileiro S.A. (Petrobras) for a world-scale grassroots gas-to-chemicals complex in Linhares, Espirito Santo State, southeast Brazil, called Complexo Gás-Químico UFN-IV. The company will provide basic engineering design (BED), front-end engineering design (FEED), and technical assistance and training during the engineering, procurement, construction (EPC) phase through to completion of the plant performances tests.

Lancaster Colony Corp. (NASDAQ:LANC) stock increased 3.62% to $71.86 after the company reported fourth quarter  net income of $25.95 million, or $0.95 per diluted share, from net income of $29.29 million, or $1.07 per diluted share, reported for the corresponding period last year. Net sales for the fourth quarter increased 7% to $273.96 million from $256.03 million in the corresponding quarter in the previous year. Analysts expected earnings per share of $0.79 on revenues of $263.07 million for the quarter.

Can LANC Continue To Move Higher? Find Out Here

Zynga Inc (NASDAQ:ZNGA) shares jumped 1.84% to $3.20 after the company’s operations are getting the least praise in markets among Internet media companies, and management’s refusal to consider a sale as growth slows is blocking an avenue for shareholders to recoup losses. Losses in Zynga shares increased in July when the company reported lower second-quarter profit than analysts forecast, citing changes to Facebook’s site made it harder for users to find its games.

Seagate Technology PLC (NASDAQ:STX) stock fell 4.41% to $33.62 after  the company said it has reached an agreement to buy the former manufacturing plant and headquarters building of Solyndra LLC, which was financed by a controversial government loan. The price for the Fremont, California, building could not be determined. Tim Gallen, who represents Jones Lang LaSalle Inc which marketed the property, declined comment.

You have read this article with the title Cirrus Logic Jumps On Analysts Note (CRUS, FWLT, STX, LANC, ZNGA). You can bookmark this page URL http://calliecountrychatter.blogspot.com/2012/08/cirrus-logic-jumps-on-analysts-note.html. Thanks!