For financial reporting, their fiscal year ends on March 26th. Apple is, by far, Cirrus Logic’s biggest customer, putting the company in a prime position to outperform expectations for its earnings and revenue over the next 12 months. Cirrus Logic, Inc is primarely in the business of semiconductors & related devices. Overall, the company has solid fundamentals and should see some nice gains from Apple’s new iPhone 12 sales. The company also has a great balance sheet that boasts twice as much cash as it has in debt. However, that figure is projected to come down to 23.26, making CRUS a much more attractive value play in the near future.Ĭirrus has generated over $1.2 billion in revenue and $156 million in net income this past year. Cirrus stock sports a price-earnings ratio of 36.28. In terms of stock value, Cirrus appears to be on the higher end of the spectrum. For Tuesday, options traders are pricing in a larger-than-normal move of 11.5%. In the last eight quarters, CRUS has averaged a post-earnings move of 6.7%, regardless of direction. But the best gains that resulted in were pops of 3.9% in November and 2.6% back in January 2020. In the last 12 months, CRU is up 15%.Ĭirrus will report its fourth-quarter earnings after the market closes on Monday, Feb. Cirrus Logic (CRUS) Stock Moves -1.71: What You Should Know 04/22/22-5:00PM EST Zacks. You can find others listed on our crypto exchanges page. If you would like to know where to buy Cirrus at the current rate, the top cryptocurrency exchange for trading in Cirrus stock is currently DigiFinex. We update our CIRRUS to USD price in real-time. And while the shares have pulled back some since, their 20-day moving average has so far contained the damage. The live Cirrus price today is 0.699371 USD with a 24-hour trading volume of 55.42 USD. Moreover, Cirrus has over 3,200 customers including big names like Ford (F), Samsung, SiriusXM (SIRI), Sony (SNE), and Apple (AAPL).Ĭirrus stock scored a record high of $103.25 back on Jan. The have an intellectual property portfolio of more than 3,530 pending and issued patents worldwide. (NASDAQ:CRUS) is an American supplier of semiconductors and processors. That compared with 630 worldwide and 445 in Austin at the end of December.Īlthough the company's audio business is expected to drive much of its near-term revenue growth, Rhode said that Cirrus also is working with makers of LED light bulbs to supply compatible dimmer technology that would enable new light bulbs to work in existing light sockets.Cirrus Logic, Inc. The sale is expected to remove about $5 million in quarterly revenue and about 80 workers from Cirrus.Ĭirrus ended the past quarter with about 700 employees worldwide and 520 in Austin. We are very much in a talent- constrained situation right now," Rhode said.Ĭirrus also said it will sell some assets tied to its Apex Precision Power business in Tucson, Ariz., for about $26 million in the next 45 days. We see a ton of new opportunities in front of us. "We need to make sure we are laying in enough engineers so we can keep growing off this higher (revenue base). The biggest challenge for the company, Rhode said, is finding enough skilled technical workers to work on new products including custom audio products. "They must have gotten a bigger piece of the pie," Moorhead said. That probably means, he said, that Cirrus is selling more chip content to its largest customer. Technology analyst Patrick Moorhead, with Moor Insights & Strategy, said Cirrus' projected revenue growth is higher than Apple's expected growth in the near future. educated investors researching and discussing Cirrus Logic Inc Stocks. The company also is completing work on a new audio amplifier chip that has not started shipment for revenue. An der New York Stock Exchange knnen ADRs mit der ISIN US8740391003 erworben und. The signal- processing chips can perform additional functions, such as canceling wind noise. Rhode did not comment on Apple but said that Cirrus is shipping increasing numbers of audio chips and programmable signal-processing chips to makers of portable products. Get the latest Cirrus Logic, Inc CRUS detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. But in after-hours trading after the new outlook was released, the stock was trading at $35.66 a share, up $5.82, or 19.5 percent. View Cirrus Logic, Inc CRUS investment & stock information. Investors in Cirrus Logic (NASDAQ:CRUS) have made a splendid return of 118 over the past three years It might seem bad, but the worst that can happen when you buy a stock (without leverage) is. Cirrus closed at $29.84 a share, up 88 cents, or 3 percent. The quarterly results were released after the close of the market on Monday. "The team's ability to formulate and execute a strategy is truly remarkable and gives us great confidence as we continue to increase our (research and development) investment in order to support our customers and pursue further growth opportunities."
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