CRUS : Summary for Cirrus Logic, Inc. - Yahoo Finance

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Cirrus Logic, Inc. (CRUS)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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50.10+0.77 (+1.56%)
At close: 4:00 PM EST
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Previous Close49.33
Bid48.00 x 300
Ask54.22 x 1400
Day's Range49.62 - 51.00
52 Week Range25.09 - 59.50
Avg. Volume1,365,944
Market Cap3.19B
PE Ratio (TTM)22.09
Earnings DateN/A
Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • Barrons.com2 days ago

    Cirrus: Don't Mind the Apple Noise, Says Needham

    Shares of chip maker Cirrus Logic (CRUS), a prominent supplier to Apple (AAPL) for its iPhone, are up $1.44, or almost 3%, at $50.77, after the company yesterday dropped over 10% amidst a broad sell-off of tech, and of chip stocks generally. Needham & Co.’s Rajvindra Gill today defends Cirrus shares, reiterating a Buy rating and a $65 price target, writing that “our supply contacts indicate stable iPhone 7 orders heading towards the end of the year." More important, he writes, even after factoring some “volatility” in Apple’s iPhone “builds,” he comes up with an estimate for revenue to decline 33% to 37% for Cirrus in the March quarter of 2017, compared to the prior quarter, which would be “roughly inline with the 4-year median rate for sales to be down 32%,” quarter-over-quarter.” He sees several “vectors of growth” for Cirrus, including, you guessed it, a presumed “iPhone 8” next year.