Profile
Sector:
TechnologyIndustry:
SemiconductorsCountry:
United StatesIPO:
09 June 1989Website:
http://www.cirrus.comNext earnings report:
06 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Sat, 16 Nov 2024 00:57:11 GMTDividend
Analysts recommendations
Institutional Ownership
CRUS Latest News
DULUTH, Minn. & TORONTO--(BUSINESS WIRE)-- #Aviation--The Cirrus SR Series G7 and G2+ Vision Jet have successfully achieved Transport Canada Civil Aviation (TCCA) certification. This certification confirms that Cirrus aircraft adhere to stringent regulatory standards set by Transport Canada concerning aviation safety, performance and operational requirements. Zean Nielsen, CEO of Cirrus, stated, “Pursuing TCCA certification for the newest Cirrus aircraft models, the SR Series G7 and G2+ Vision Jet, undersc.
Reliance on a single customer for a huge chunk of revenue is weighing on this company, but that could turn into an advantage in the future.
The heavy selling pressure might have exhausted for Cirrus Logic (CRUS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
CRUS' fiscal Q2 2025 performance benefits from the continued momentum of Audio and High-performance mixed-signal products.
Cirrus Logic (CRUS) possesses solid growth attributes, which could help it handily outperform the market.
Cirrus Logic (CRUS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
CRUS' performance benefits from the increasing demand for its solutions. However, a weak macro backdrop, volatile forex and higher costs are concerns.
Cirrus Logic's stock dropped due to mixed news, but savvy investors should discern between real and misleading reports, presenting a buying opportunity. Despite Barclays' downgrade, Cirrus has strong future prospects with potential earnings growth from new iPhone components and smart power conversion. Cirrus' earnings could grow towards $11 per share, making the stock extremely cheap with a P/E under 10 and a price target of $120.
Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?
Cirrus Logic recently delivered stronger-than-expected results, a trend that's likely to continue. The company is expected to win more business from its largest customer, which is all set to dive into the AI smartphone market next month.
What type of business is Cirrus Logic?
Cirrus Logic, Inc. offers integrated circuits (ICs) for audio and voice signal processing applications. The company develops analog and mixed-signal ICs for a wide range of customers. The Company's main facility, where departments for design, sales, marketing, and administrative matters are located, is in Austin, Texas. The Company's portable audio products include components of analog and mixed-signal ICs designed for mobile devices, including smartphones, tablets, digital headsets, wearable devices, smart accessories, and portable media players. The Company's stationary audio products and other items include components of analog and mixed-signal ICs. Cirrus Logic, Inc. was founded in 1984 and is headquartered in Austin, Texas.
What sector is Cirrus Logic in?
Cirrus Logic is in the Technology sector
What industry is Cirrus Logic in?
Cirrus Logic is in the Semiconductors industry
What country is Cirrus Logic from?
Cirrus Logic is headquartered in United States
When did Cirrus Logic go public?
Cirrus Logic initial public offering (IPO) was on 09 June 1989
What is Cirrus Logic website?
https://www.cirrus.com
Is Cirrus Logic in the S&P 500?
No, Cirrus Logic is not included in the S&P 500 index
Is Cirrus Logic in the NASDAQ 100?
No, Cirrus Logic is not included in the NASDAQ 100 index
Is Cirrus Logic in the Dow Jones?
No, Cirrus Logic is not included in the Dow Jones index
When was Cirrus Logic the previous earnings report?
No data
When does Cirrus Logic earnings report?
The next expected earnings date for Cirrus Logic is 06 February 2025