Analyst Downgrades for November ( CRUS, DRRX, JCI, NFLX )

Los Angelas, CA -- (SBWIRE) -- 11/02/2012 -- Cirrus Logic, Inc (NasdaqNM:CRUS) is -4.64 - -11.38% from the previous close of $40.78. It traded between $34.12 - 37.74 with total traded volume of 17470882 shares. At Current Market Price, CRUS is in distance of -9.31% from its 50-day Moving Average price of $39.8503 and +9.50% from its 200-day Moving Average price of $33.0051. Cirrus Logic (Nasdaq: CRUS) got crushed yesterday by as much as 16%, after the company reported earnings. Revenue soared by 91% to $194 million, resulting in non-GAAP earnings per share of $0.79. Core audio product revenue more than doubled, to $177.9 million, inevitably driven by strong sales into Apple (Nasdaq: AAPL) iDevices, where Cirrus continues to hold down its audio codec spot. Next quarter's guidance calls for revenue between $270 million and $300 million. The company has even earned numerous analyst upgrades today in the wake of the results. The bears are likely focusing on declining margins. Gross margin next quarter is expected in the range of 50% to 52%, and CEO Jason Rhode predicts gross margins in this range may be here to stay. Don't miss fellow Fool Eric Bleeker's full breakdown of the results.

How Should Investors Trade CRUS Now? Find Out Here

DURECT Corporatio (NGM:DRRX) are trading at $0.91 and is -35.19% from its 50-day Moving Average price of $1.4041 and -11.91% from its 200-day Moving Average price of $1.033. The average trading volume is 253437 shares and its market capitalization is $79.8M. C.K. Cooper downgraded shares of Durect Corp. (NASDAQ: DRRX) from a buy rating to a hold rating in a report issued on Thursday. They currently have $3.00 target price on the stock.Shares of Durect Corp. traded down 35.88% during mid-day trading on Thursday, hitting $0.8784. Durect Corp. has a 52 week low of $0.68 and a 52 week high of $1.71. The company has a market cap of $77.0 million and a P/E ratio of 6.34. Durect Corporation is a specialty pharmaceutical company focused on the development of pharmaceutical products based on the drug delivery technology platforms.

Is DRXX A Solid Investment At These Levels : Find Out Here

Johnson Controls, (NYSE:JCI) are trading at $26.04 and is -4.75% from its 50-day Moving Average price of $27.3379 and -7.34% from its 200-day Moving Average price of $28.1028. The average trading volume is 4862770 shares and its market capitalization is $17.785B. Needham lowered shares of Johnson Controls (NYSE: JCI) to a hold rating in a research report released on Thursday morning.JCI has been the subject of a number of other recent research reports. Analysts at Needham & Company downgraded shares of Johnson Controls from a buy rating to a hold rating in a research note to investors on Thursday. Separately, analysts at Jefferies Group raised their price target on shares of Johnson Controls from $26.00 to $27.00 in a research note to investors on Wednesday. They now have a hold rating on the stock. Finally, analysts at JMP Securities reiterated a market outperform rating on shares of Johnson Controls in a research note to investors on Monday. They now have a $34.00 price target on the stock. Johnson Controls last released its earnings data on Tuesday, October 30th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.02. The company had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.84 billion. Johnson Controls’s revenue was down 3.7% compared to the same quarter last year. On average, analysts predict that Johnson Controls will post $2.52 earnings per share for the current fiscal year.

How Should Investors React to JCI Now? Find Out Here

Netflix, Inc. (NasdaqNM:NFLX) is -1.5494 - -1.96% from the previous close of $79.2394. It traded between $74.65 - 79.69 with total traded volume of 8955501 shares. At Current Market Price, NFLX is in distance of +27.32% from its 50-day Moving Average price of $61.0183 and +11.31% from its 200-day Moving Average price of $69.797. Yesterday, funds controlled by Carl Icahn disclosed ownership of close to 10% of Netflix (NASDAQ:NFLX). Mr. Icahn’s filing states that his primary reason for buying the stake is that the stock is “undervalued due to [its] dominant market position and international growth prospects”. The following sentence of Mr. Icahn’s filing says that he believes “Netflix may hold strategic value for a variety of significantly larger companies that are engaging in more direct competition with one another due to the evolution of the internet [sic], mobile, and traditional industry”.

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