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Cirrus Logic (CRUS-Q)
NASDAQ:CRUS
86.75
0.46
(0.53%) 1d
Financials
Technical Analysis
$19.890
Owned
(A Top Pick June 20/12. Down 40.35%.) This is down as a result of Apple (AAPL-Q) which accounted for over 80% of their business. A year ago, analysts were estimating earnings of $2.17 a share for the year ending May/13. Right now, that estimate is $2.16. So this hasn’t changed, it’s the outlook and psychology that has changed. Rates this as a Strong Buy. As Apple recovers, this will recover.
The whole Apple (AAPL-Q) supply chain has sold off in sympathy with Apple, a lot of cases justifiably and a lot of cases unjustifiably. This is in the latter category. 75% of their business comes from Apple. They make the audio chips that go into the iPad and iPhone. Trading at only 6X earnings.
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Cirrus Logic(CRUS-Q) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Cirrus Logic(CRUS-Q) Frequently Asked Questions
What is Cirrus Logic stock symbol?
Cirrus Logic is a American stock, trading under the symbol CRUS-Q on the NASDAQ (CRUS). It is usually referred to as NASDAQ:CRUS or CRUS-Q
Is Cirrus Logic a buy or a sell?
In the last year, there was no coverage of Cirrus Logic published on Stockchase.
Is Cirrus Logic a good investment or a top pick?
Cirrus Logic was recommended as a Top Pick by on . Read the latest stock experts ratings for Cirrus Logic.
Why is Cirrus Logic stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Cirrus Logic worth watching?
In the last year, there was no coverage of Cirrus Logic published on Stockchase.
What is Cirrus Logic stock price?
On 2024-04-25, Cirrus Logic (CRUS-Q) stock closed at a price of $86.75.
(Top Pick Mar 27/13, Down 13.30%) Did lose some of the business in the iPad Air.