(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.
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
In the last year, there was no coverage of Cirrus Logic published on Stockchase.
Cirrus Logic was recommended as a Top Pick by on . Read the latest stock experts ratings for Cirrus Logic.
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In the last year, there was no coverage of Cirrus Logic published on Stockchase.
On 2024-05-03, Cirrus Logic (CRUS-Q) stock closed at a price of $88.43.
(Top Pick Mar 27/13, Down 13.30%) Did lose some of the business in the iPad Air.