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Overall, it's certainly great for investors that we've entered the phase of the bull market in which nearly everyone is becoming much more upbeat about stocks. After all, it's obviously much easier to make money now in the market than it was last year and many times easier than was the case in 2022.
Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?
AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (Nasdaq: CRUS) announced that President and Chief Executive Officer John Forsyth and Chief Financial Officer Venk Nathamuni will present at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 7, 2024 at 1:25 p.m. PST. A live webcast and replay of the presentation will be available on the company's investor relations website. Cirrus Logic, Inc. Cirrus Logic is a leader in low-power, high-precision mixed-signal.
With so much of the talk around semiconductor stocks dominated by the likes of NVIDIA Corp NASDAQ: NVDA, Advanced Micro Dynamics NASDAQ: AMD, and the like, it's easy to think there aren't that many smaller-cap chip stocks floating about. However, even with a market cap of less than $5 billion, compared to NVIDIA's $1.7 trillion, Cirrus Logic, Inc. NASDAQ: CRUS can still pack a punch.
Cirrus Logic's stock soared up to 19% after reporting third-quarter earnings that smashed Wall Street expectations. Despite its heavy reliance on Apple, Cirrus Logic is making strides in diversifying its product range and customer base.
Cirrus Logic's (CRUS) fiscal third-quarter performance benefits from solid sales of components shipping and smartphones.
Cirrus Logic, Inc. (CRUS) Q3 2024 Earnings Call Transcript
Cirrus Logic (CRUS) came out with quarterly earnings of $2.89 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $2.40 per share a year ago.
Investors interested in stocks from the Electronics - Semiconductors sector have probably already heard of United Microelectronics Corporation (UMC) and Cirrus Logic (CRUS). But which of these two stocks is more attractive to value investors?
Macroeconomic challenges are hurting the Zacks Electronics - Semiconductors industry. However, industry participants like AMD, ASX, CRUS and QUIK are set to gain from smart device proliferation.