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Last Trade: |
$17.77 |
-0.29 (-1.61%) |
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Volume: |
1,449,671 |
39% of avg daily volume |
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Avg Volume: |
3,704,256 |
3-Month Chart (Larger chart w/volume)
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Day's Range: |
17.68 - 18.21 |
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Open: |
18.01 |
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Previous Close: |
18.06 |
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52-wk Range: |
16.94 - 45.49 |
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Market Cap: |
1.1B |
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P/E: |
9.0 |
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Div Yield: |
$0.00 (0.00%) |
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To see which Pros and tickerspy members own CRUS Sign up now
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CRUS: Price Pressure in Margins, Warns Feltl, Prefers ATML
CRUS ATML
Linked by BARRONS.com: Tech Trader Daily - May 28, 04:04PM from (blogs.barrons.com)
Feltl & Co. chip analyst Jeffrey Schreiner today reiterates opposing views on Cirrus Logic (CRUS) and Atmel (ATML), with
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PREMIUM PARTNER CONTENT
Member Q&A - Margin Pressure on Smartphone Component Suppliers
AAPL CRUS QCOM RFMD TQNT BRCM AVGO
Posted by nextinning - May 23, 10:05PM
Q) I read your post regarding Cirrus Logic (CRUS) pricing. I also saw some analysts commenting that this could be read-through
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Wolfson Looks to Future With Washing Machines You Can Talk to
AAPL CRUS QCOM
Linked by Bloomberg - May 23, 07:26PM from (www.bloomberg.com)
Wolfson Microelectronics Plc (WLF) survived three “innovate or die moments” four years ago, said Chief Executive Officer
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PREMIUM PARTNER CONTENT
Member Q&A - Checking Cirrus Logic's (CRUS) Temperature
AAPL CRUS
Posted by nextinning - May 23, 07:23PM
Q) I know you've been less than sanguine about Cirrus Logic's (CRUS) prospects. Is it worth a look at current levels?
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Market Wrap for Thursday, May 23: Wall Street Shrugs Off Global Slump
HPQ KYO CRUS PSUN SPY MNKD SUNE NMR KNM FNF UUP LPS RUE TLT EWJ
Linked by Benzinga.com - May 23, 04:30PM from (www.benzinga.com)
Thursday's trading session may have been the most glaring example of just how powerful the bull market in U.S. stocks is
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 CRUS Plunges 18% on Margin Warning; Stifel Cuts to Hold, Ponders Apple ImpactShares of chip maker Cirrus Logic (CRUS) are down $3.87, or almost 18%, at $18.20, after the company this morning said during an appearance by CEO Jason Rhode at the Barclays Global Technology conference that it will deliver revenue this quarter as previously forecast of $150 million to $170 million, but that it sees longer-term gross margin “in the mid-’40s” versus the current 50% to 52% forecast for this quarter. The company cited “increased pricing pressure.” A copy of Rhode’s prepared remarks are available in a federal filing this morning. The shares have received one downgrade so far, from Stifel Nicolaus’s Tore Svanberg, who cut his rating to Hold from Buy, and stripped away his $32 price target, writing “We are increasingly concerned about the uncertainty in Cirrus’s business model, given that Apple (AAPL), its largest customer, which represented 82.7% of Mar-Q revenue, is facing significant challenges and uncertainties of its own.” “We believe the ever more crowded and competitive smartphone market could have a lasting impact on Cirrus,” adds Svanberg. Svanberg cut this year’s estimates to $710.5 million and $1.73 per share in net profit from a prior $815.3 million and $2.85. Needham & Co.’s Vernon Essi also weighs in, reiterating a Buy rating, and cutting his price target to $22 from $26, calling today’s revelation “another dramatic set-back.” Essi sees further pressure on Cirrus’s chip prices, and opines that a lower-cost model of Apple’s iPhone, widely rumored for some time, could be partly to blame: Citing a desire to align the GM structure among its peers did little to disguise the widely held investor belief that prices at Apple (85% of revenue MRQ) are heading lower. The smallest of silver linings is that CRUS hasn’t lost a socket with Apple and there were indications that a lower priced form- factor handset from Apple could be in the works (and a reason for the price declines). However, it brings into focus two major opposing forces that could keep the shares in a stalemate: 1) the potential slippery slope of further Apple price declines, (many examples from other suppliers), and 2) the absence of any material product offsets on the horizon outside of Apple […] Though perhaps part of the reason for these declines, it appears likely that a lower cost offering is in the works at Apple. This correlates with prior discussion regarding integration roadmaps for the amp product to cater to lower-end handsets. Essi lowered his estimate for this year to $758 million and $2.35 per share from a prior $831 million and $3.25 per share. [yquote] AAPL CRUS [/yquote]
CRUS
Linked by BARRONS.com: Tech Trader Daily - May 23, 02:51PM from (blogs.barrons.com)
Shares of chip maker Cirrus Logic (CRUS) are down $3.87, or almost 18%, at $18.20, after the company this morning said during
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Mid-Day Market Update: Stocks Pare Losses, Hewlett-Packard Surges On Upbeat Earnings
HPQ CRUS SPWR DLTR DRYS FNF LPS RUE
Linked by Benzinga.com - May 23, 12:44PM from (www.benzinga.com)
Midway through trading Thursday, the Dow traded down 0.04 percent to 15,301.07, while the NASDAQ fell 0.15 percent to 3,457.98.
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SWKS, CRUS, SYNA: Street Ponders Apple/Samsung Suppliers
AAPL CRUS SYNA
Linked by BARRONS.com: Tech Trader Daily - April 26, 05:06PM from (blogs.barrons.com)
The Street today is contemplating the ramifications of Apple‘s (AAPL) and Samsung Electronic‘s (005930KS) respective
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Mid-Day Market Update: LogMeIn Jumps On Strong Results, Expedia Drops
CVX KEG CRUS SYNA EXPE LOGM QLIK
Linked by Benzinga.com - April 26, 12:46PM from (www.benzinga.com)
Midway through trading Friday, the Dow traded down 0.01 percent to 14,699.43 while the NASDAQ dropped 0.66 percent to 3,268.18.
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