|Bid||167.40 x 0|
|Ask||167.64 x 0|
|Day's Range||163.62 - 167.56|
|52 Week Range||119.00 - 167.56|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||28.58|
|Earnings Date||Oct 26, 2022 - Oct 31, 2022|
|Forward Dividend & Yield||0.89 (0.53%)|
|Ex-Dividend Date||Aug 05, 2022|
|1y Target Est||N/A|
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The stock market rally has run up to a test of its 200-day line. Apple, Microsoft are near buy points. Tesla rival Li Auto reports Monday.
Shares of Cirrus Logic (NASDAQ: CRUS) have shot up an impressive 25% in the past month amid the broader rally in technology stocks, and this rally isn't surprising considering the terrific fiscal 2023 first-quarter results (for the three months ended June 25, 2022) that were released on Aug. 2. The company, which counts Apple (NASDAQ: AAPL) as its largest customer with 79% of the total revenue last quarter, crushed Wall Street's expectations. Let's see what's working for Cirrus Logic and check why this tech stock remains an attractive bet despite rallying over the past month.
It might be time for investors to turn their attention to the next generation of game-changing companies.