Cirrus Logic, Inc. (CRUS) Sees Strong Move on EPS
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UPDATE: Cirrus Logic (CRUS) Weakness Seen as Opportunity at Oppenheimer; Stock Upgraded to Outperform
January 28, 2016 7:39 AM EST(Updated - January 28, 2016 11:53 AM EST)
Oppenheimer upgraded Apple supplier Cirrus Logic (NASDAQ: CRUS) from Perform to Outperform with a price target of $40. The change follows the release of Q3 results. Analyst Rick Schafer said Cirrus was too compelling to ignore, and he thinks investors should buy weakness. He also expects content gains in the upcoming iPhone 7.
"Shares have lagged recently on well-known negative AAPL IP6s unit... More
Cirrus Logic, Inc. (CRUS) Tops Q3 EPS by 1c, Q4 Guidance Falls Short
January 27, 2016 4:01 PM ESTCirrus Logic, Inc. (NASDAQ: CRUS) reported Q3 EPS of $0.82, $0.01 better than the analyst estimate of $0.81. Revenue for the quarter came in at $347.9 million versus the consensus estimate of $346.88 million.
GUIDANCE:
Cirrus Logic, Inc. sees Q4 2016 revenue of $210-240 million,... More
