News articles about Cirrus Logic (NASDAQ:CRUS) have been trending neutral recently, according to InfoTrie. InfoTrie identifies negative and positive news coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cirrus Logic earned a media sentiment score of 0.30 on their scale. InfoTrie also assigned news coverage about the semiconductor company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Cirrus Logic’s analysis:
- Apple Stock Sinks as Concern Over iPhone Demand Grows (finance.yahoo.com)
- Q3 2019 Earnings Estimate for Cirrus Logic, Inc. Issued By Oppenheimer (CRUS) (americanbankingnews.com)
- Q3 2019 EPS Estimates for Cirrus Logic, Inc. Reduced by KeyCorp (CRUS) (americanbankingnews.com)
- Cirrus Is In For Stormy Weather (seekingalpha.com)
- Apple has to hold this key level for it to be a buy, says technician (finance.yahoo.com)
Shares of CRUS opened at $37.98 on Friday. Cirrus Logic has a twelve month low of $34.49 and a twelve month high of $55.13. The firm has a market capitalization of $2.27 billion, a PE ratio of 10.29, a PEG ratio of 1.11 and a beta of 0.50.
Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.34. Cirrus Logic had a net margin of 7.09% and a return on equity of 15.55%. The business had revenue of $366.30 million for the quarter, compared to analyst estimates of $330.27 million. During the same period last year, the business earned $1.36 EPS. The company’s revenue was down 13.9% on a year-over-year basis. Sell-side analysts anticipate that Cirrus Logic will post 2.28 earnings per share for the current fiscal year.
Several equities analysts have commented on CRUS shares. BidaskClub raised shares of Cirrus Logic from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. ValuEngine raised shares of Cirrus Logic from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Craig Hallum reissued a “buy” rating and issued a $47.00 price target (down previously from $51.00) on shares of Cirrus Logic in a research report on Friday, November 2nd. TheStreet raised shares of Cirrus Logic from a “c+” rating to a “b-” rating in a research report on Thursday, November 8th. Finally, Zacks Investment Research cut shares of Cirrus Logic from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.88.
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About Cirrus Logic
Cirrus Logic, Inc, a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. The company offers portable and non-portable audio, and other products. Its products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors.
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