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Cirrus Logic, Inc. (CRUS)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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79.46+0.08 (+0.10%)
At close: 04:00PM EDT
80.00 +0.54 (+0.68%)
After hours: 04:08PM EDT
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  • G
    Graeme
    Smashed that then 😀
  • m
    mike s
    Just curious how I see this pumped by an article the day after I also hear a story that iPods are done - no longer in production... hmmm...
  • Y
    Yahoo Finance Insights
    Cirrus Logic is up 4.93% to 77.22
  • t
    tester
    The same story been said for over 20 years , until Apple moves to make their own audio chips, CRUS will stay the main supplier to all Apple products which means more money for crus, the stock is undervalued in my opinion and it’s at bargain prices.
  • n
    no
    Forty-year-old company, $4 billion market cap, a growing demand for semiconductors, and one missed forecast ER. There's your DD. You're welcome.
  • G
    Gary A
    It appears Cirrus is on sale today. I have opened a position (~$87/share). The price seems like a reasonable entry point after earnings.
  • t
    tester
    Great results, they always play the future numbers for the next quarter less than what they really are . I believe they will do more than 350 million in the up coming quarter so they will beat their own predictions so why sell now .
  • M
    Masango76
    So, is this how market works? Company beating earning estimates, and with good future guidance gets hammered by investor and its price gets wiped out? Does it make sense? ABC of investment says that good news should bring the share price up and not down, Cirrus is going down from the day the announced stellar earnings.
  • t
    tester
    It doesn’t make sense, always down on good news, Apple crushed earnings and future sales strong means CRUS will crush earnings so why selling now.
  • B
    Brian
    With apple's phone road map looking much healthier, maybe we'll get some trickle down here.
  • M
    Morgan
    Potential investor - concerned about most of revenue from one client, Apple. Thoughts?
  • J
    John
    Way oversold. Upgraded today. Will have big role in Apple Airpod over near future and going forward. Great buying opportunity here!
  • B
    Bruce
    small float....thinkin 112-115 after earnings AND guidance
  • K
    Kelly
    Apple will be announcing that they will use their own amplifiers. If you are an electrical engineer (like me) you know how designing analog is easy even for small companies why pay a premium while you can make your own? Imagine they decided to make their own CPUs and you know the process defining instructions are not the easiest thing but looks like they are efficient enough that they decided to replace intel. I don't think Intel will lose much but CRUS revenue will drop drastically over years unless they make something new and exciting.
  • I
    I play Fantasy Life
    I bet they will have chips that go into the new apple home pods. Chips demands will only get higher.
  • A
    Anonymous
    Why do they list Earning (TTM) as $2.77 when the actual earnings for the quaters are; 0.85, 0.81, 1.36, aand 1.59. That adds up to $4.41.
  • t
    tester
    2021-02-02 10:09:00 GMT DJ Cirrus Logic Price Target Raised to $110.00/Share From $100.00 by KeyBanc
  • a
    alen
    I have a feeling it’s already priced in 10% usually Before earnings it goes down
    I have a feeling that YouTube guy is pumping the stock and people Paying a premium
    Let’s see Hopefully he’s right
  • B
    Bayarea
    Here’s the reason for the AH drop:

    Thanks, Tore. The main drivers of both the guidance and the results we’re reporting are units and content increases with price adjustments also being a component. But as regards -- looking out to the March quarter, the guidance is mostly driven by the strength of demand for our products and our customers’ products and us working to meet that demand. So, in fact, when we look at the March quarter, it doesn’t look like a typical seasonal quarter -- seasonal step down from December to March. It looks very strong. We’re actually pulling material into the current quarter, wherever we can in order to try to meet customer demand.

    And so, our expectation, as we go beyond that, when we get into the June quarter, we’re not guiding the June quarter just now, but we expect the seasonal pattern between March -- the March quarter and the June quarter to be more typical of what we’d expect between the December and the March quarters. But the principal driver for the strong guidance and the strong results is units and the content gains, which we’ve talked about.
  • L
    LUCHO
    Bought 150 at 39.7 ....let’s go!!!!