CRUS - Cirrus Logic, Inc.
35.94 0.00 (0.00%)
After hours: 4:30PM EST
| Previous Close | 36.94 |
| Open | 36.36 |
| Bid | 34.80 x 1100 |
| Ask | 41.78 x 1100 |
| Day's Range | 35.89 - 36.91 |
| 52 Week Range | 34.49 - 55.13 |
| Volume | 714,392 |
| Avg. Volume | 954,229 |
| Market Cap | 2.151B |
| Beta (3Y Monthly) | 0.39 |
| PE Ratio (TTM) | 22.96 |
| EPS (TTM) | 1.57 |
| Earnings Date | Feb 4, 2019 - Feb 8, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 44.00 |
- Yahoo Finance Video•10 days ago
Apple supplier Cirrus Logic sinks; Toll Brothers sees signs of trouble
Yahoo Finance's Julie Hyman discusses trending stocks.
- Market Realist•9 hours ago
Piper Jaffray Cut Apple’s Target Price
In the last few weeks, many brokerage firms have cut Apple’s (AAPL) target price. Last month, Goldman Sachs (GS) slashed Apple’s 12-month target price from $209 to $182. Goldman Sachs cut the target price due to lower-than-expected demand for the iPhone XR and slowing demand for Apple products in China (FXI). On December 4, analysts at HSBC downgraded Apple’s rating to a “hold” from a “buy.” HSBC thinks that Apple’s hardware growth will be stagnant.
- InvestorPlace•yesterday
Should Investors Ignore the Apple Stock Skeptics?
As much as I was eager to recommend that investors ignore the growing pessimism around Apple (NASDAQ: AAPL) stock and follow Warren Buffett’s famous quote about being “fearful when others are greedy and greedy when others are fearful,” I just can’t do it, at least not for now. The red flags around Apple stock are just too numerous to ignore. Apple CFO Luca Maestri argued that the “number of units sold during any quarter has not been necessarily representative of the underlying strength of our business”, but that’s just an excuse.
- Business Wire•yesterday
Cirrus Logic Names Synopsys’ Deirdre Hanford to Board of Directors
Cirrus Logic, Inc. (CRUS) announced that Deirdre Hanford has been named to the company’s board of directors. Hanford serves as co-general manager of Synopsys’ Design Group, with shared responsibilities to drive the development and deployment of the company’s digital implementation and analog/mixed-signal product lines. “We are extremely pleased to welcome Deirdre to the Cirrus Logic Board of Directors,” said Jason Rhode, president and chief executive officer, Cirrus Logic.
Markit•2 days agoSee what the IHS Markit Score report has to say about Cirrus Logic Inc.
Cirrus Logic Inc NASDAQ/NGS:CRUS
Markit•4 days agoSee what the IHS Markit Score report has to say about Cirrus Logic Inc.
Cirrus Logic Inc NASDAQ/NGS:CRUS
- Simply Wall St.•4 days ago
Should We Worry About Cirrus Logic Inc’s (NASDAQ:CRUS) P/E Ratio?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it practical, we'll show how Cirrus Logic Inc's (NASDAQ:CRUS) Read More...
Markit•7 days agoSee what the IHS Markit Score report has to say about Cirrus Logic Inc.
Cirrus Logic Inc NASDAQ/NGS:CRUS
- Barrons.com•7 days ago
Morgan Stanley Says Apple’s iPhone Sales in China Will Slip
Analyst Katy Huberty cut her price target on Apple to $236 from $253 but reiterated an Outperform rating for the services business.
- Barrons.com•8 days ago
Apple Stock Sinks as Concern Over iPhone Demand Grows
The drumbeat of negative news for Apple goes on. Rosenblatt Securities predicted more Wall Street firms will lower their estimates for the maker of iPhones.
- Market Realist•8 days ago
Another Apple Supplier Reports Declining Revenues—What’s Next?
Today hasn’t been a good day for Apple (AAPL) supplier Largan Precision in Taiwan. It reported about a 29% decline in its revenues in its latest earnings report. The company supplies smartphone camera lenses, and its stock crashed 10% on Thursday. We’re seeing yet another incident of an Apple supplier reporting weak results after Qorvo (QRVO), Cirrus Logic (CRUS), and Lumentum (LITE) all reported weak guidance for the current quarter. Apple shares are already down about 23% since the beginning of November, and there may be more downside to the stock in the coming days.
- Zacks•8 days ago
Will Apple's (AAPL) New Marketing Strategy Drive Sales?
Apple (AAPL) to consider new marketing strategies amid dwindling iPhone demand and threats of tariffs on remaining imports from China by the U.S. President.
Markit•9 days agoSee what the IHS Markit Score report has to say about Cirrus Logic Inc.
Cirrus Logic Inc NASDAQ/NGS:CRUS
- CNBC•9 days ago
Apple has to hold this key level for it to be a buy, says technician
Apple AAPL was down again in Thursday's premarket and is on pace for its worst quarter in a decade. On Tuesday, shares of the tech giant fell more than 4 percent after HSBC downgraded the stock to hold and key iPhone supplier Cirrus Logic CRUS slashed its Q3 revenue guidance. Apple is now firmly trading in a bear market — down 25 percent from its 52-week intraday high of $233.47.
- Barrons.com•10 days ago
Amazon Got Beat Down on a Bad Day for the Big Tech Stocks. Here’s How Much They Lost.
Tuesday was a tough day for technology stocks, especially Amazon and Apple, as markets broadly plummeted.
- Investor's Business Daily•11 days ago
Dow Jones Futures Fall After 'Yes, But' Rally; More Bad News For Apple Ecosystem
Stock futures: RH, iPhone supplier Cirrus Logic, Coupa Software and Smartsheet gave earnings or guidance late. RH stock soared. Cirrus Logic tumbled, weighing on Apple. Coupa rose, and Smartsheet fell.
- Market Realist•10 days ago
Markets in Crisis (Cue the CNBC Armageddon Music)
Apple (AAPL) got a downgrade, and Cirrus Logic (one of Apple’s suppliers)(CRUS) pre-announced a miss for the December quarter. But most eyes were focused on the two-pronged trade war and rate move. Suddenly, the Dow (DIA) was down 800 points, and the Nasdaq (QQQ) dropped as much as 3%. The 10-yr treasury yield dropped as low as 2.88% today, down from a high of 3.24% a month ago. And the prevailing wisdom is that when 10-yr yield drops like that, it is foreshadowing lower economic growth ahead. Add that to the Fed still seemingly about to raise short term rates on Dec. 19th to 2.25%-2.5%, and we are very close to an inverted yield curve, which supposedly predicts recessions.
- Reuters•10 days ago
US STOCKS-Wall Street drops 2 pct, spooked by growth and trade worries
The S&P 500 was on pace for its biggest single-day percentage drop in about six weeks, giving back some gains from Monday and a week earlier, when the benchmark index tallied its largest weekly percentage gain in nearly seven years. "We've had a huge move in the yield curve," said R.J. Grant head of trading at Keefe, Bruyette & Woods in New York. The Dow Jones Industrial Average fell 590.02 points, or 2.28 percent, to 25,236.41, the S&P 500 lost 62.05 points, or 2.22 percent, to 2,728.32 and the Nasdaq Composite dropped 195.46 points, or 2.63 percent, to 7,246.06.
- Bloomberg•10 days ago
Here's One Major Apple Supplier That Has Yet to Cut Its Forecast
Skyworks Solutions Inc., a radio frequency chipmaker that gets about half of its revenue from Apple, could be the next to cut revenue forecasts after a string of other suppliers have lowered their projections. The company gave its fiscal first quarter forecast on Nov. 8, four days before Lumentum Holdings Inc. sounded the alarm. It didn’t mention Apple, but the tech giant is Lumentum’s biggest customer.
Bloomberg•10 days agoiPhone Suppliers Tumble After Cirrus Logic Adds to Forecast Cuts
The chipmaker cut its revenue outlook for the December quarter due to “recent weaknesses in the smartphone market.” Lumentum Holdings Inc., which cut its outlook last month, fell as much as 5.8 percent. Qorvo Inc., another supplier that recently slashed its forecast, shed as much as 4.1 percent. Apple dropped 2.4 percent, bringing the the Dow component’s decline to more than 22 percent from a record in early October, a rout that has cost the company its status as the world’s largest by market value.
Bloomberg•10 days agoiPhone Suppliers Tumble After Cirrus Logic Adds to Forecast Cuts
The chipmaker cut its revenue outlook for the December quarter due to “recent weaknesses in the smartphone market.” Lumentum Holdings Inc., which cut its outlook last month, fell as much as 5.8 percent. Qorvo Inc., another supplier that recently slashed its forecast, shed as much as 4.1 percent. Apple dropped 2.4 percent, bringing the the Dow component’s decline to more than 22 percent from a record in early October, a rout that has cost the company its status as the world’s largest by market value.
- Barrons.com•10 days ago
Apple Stock Downgraded on Worries About Slowing iPhone Growth
HSBC says market saturation and longer phone life cycles will drag on growth of the company’s hardware unit.
- Benzinga•10 days ago
After Cirrus Lowers Guidance On Smartphone Weakness, Sell-Side Follows Suit
Cirrus Logic, Inc. (NASDAQ: CRUS ) slashed its fiscal third-quarter revenue guidance, citing recent softness in the smartphone market. The Analysts KeyBanc Capital Market's John Vinh maintained a Sector-weight ...
- TheStreet.com•10 days ago
Cirrus Logic Tumbles on Guidance Cut
The Austin, Texas-based Apple Inc. In light of the reduced forecast, Susquehanna International Group analyst Christopher Rolland lowered his price target on shares of Cirrus Logic to $43 from $48. "Helping to mitigate bottom-line impacts," Rolland said in a note to shareholders, "the company did lower (operational expenditure) guidance modestly, a lever they have previously been reluctant to pull.
- MarketWatch•10 days ago
Cirrus Logic target cut at Susquehanna as analyst says negative revision was worse than expected
Susquehanna analyst Christopher Rolland lowered his price target on shares of Cirrus Logic Inc. to $43 from $48 on Tuesday, after the Apple Inc. supplier delivered a negative pre-announcement the prior afternoon. Given that other suppliers have cut their outlooks in recent weeks and that Cirrus shares fell sharply when Lumentum Holdings Inc. delivered its warning in November, Rolland had assumed that most of the negative risk was priced into shares but called the new projections from Cirrus "a bit worse than we had expected." He has a positive rating on the stock and hopes that management will "revisit longer-term plans to ramp operating expenditures year over year." Oppenheimer's Rick Schafer also chimed in on the negative preannouncement. "We continue to see disappointing iPhone units and a lack of incremental Cirrus content at Apple (82% of revenues in F2Q) hindering growth," he wrote. Schafer has a perform rating on shares, which are down 3.1% in Tuesday morning trading. Apple shares are off 1.6% following the Cirrus warning and a downgrade to neutral at HSBC. Cirrus's stock has fallen 29% so far this year, while the S&P 500 has risen 4.1%.
