Tue, Oct 21, 2014, 8:45 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Cirrus Logic Inc. Message Board

  • normanthomas534 normanthomas534 Jan 26, 2013 3:57 PM Flag

    Simple math time

    dopey post!
    I'm always concerned when despite significantly higher earnings than anticipated
    an analyst grants a "hold" rating with a price target nowhere near previous highs.
    If you read the release put out by CRUS, two immediate issues come to mind:
    1) over 90% of revenues came from AAPL.
    I wouldn't call that a tragedy, but the lack of diversification is always a concern.
    To a degree that is offset by CRUS's entry into the LED market and other factors
    that may lessen dependence on AAPL.
    2) the company projected revenues for the following quarter that came in far lower than
    was hoped for.
    I'm hopeful that CRUS management knows what the salient issues are for continued success
    and implements them with competence.
    I certainly see why one analyst issued a "hold" rating and another "strong buy."
    I believe I'm safe with a $34.5 average, but whether the shares can ascend to the higher
    levels remains to be seen.

21.16+0.13(+0.62%)Oct 21 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.