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Synaptics (SYNA) NewsBite - SYNA's Q1 Profit Tops Forecasts

Oct 23, 2009 (Fresh Brewed Media via COMTEX) --

Company: Synaptics, Inc. (SYNA)

Synaptics (NasdaqNM: SYNA) opened at $26.01. So far today, the stock has hit a low of $24.81 and a high of $26.18. SYNA is now trading at $24.88, up $1.22 (5.16%). Over the last 52 weeks the stock has ranged from a low of $13.85 to a high of $40.94. SYNA reported earnings last night, posting a first-quarter adjusted profit of $17.2 million, or 48 cents per share, on revenue of $119.6 million, beating analysts' estimates of 42 cents per share on revenue of $116.39 million. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for SYNA. If you are looking for a hedged play on SYNA the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 22 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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News Provided by COMTEX

Company: Synaptics, Inc. (SYNA)


Related terms: earnings, forecasts, profit, revenue, S&P

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