CRUS Stock Recent News

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 Barclays Global Technology Conference in San Francisco, California, on December 6, 2023 at 1:55 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 pro.

Cirrus Logic reported better than expected earnings but fell short of our expectations. The company's earnings were impacted by a collapse in general market product sales. Cirrus expects growth opportunities in Apple's revolutionary products, power control, personal computers, and an undisclosed new product line.

Cirrus Logic's (CRUS) fiscal second-quarter performance is affected due to a reduction in components shipping of smartphones and lower general market sales.

Cirrus Logic, Inc. (NASDAQ:CRUS ) Q2 2024 Earnings Conference Call November 2, 2023 6:00 PM ET Company Participants Chelsea Heffernan - Director, IR John Forsyth - CEO, President & Director Venkatesh Nathamuni - CFO & Principal Accounting Officer Conference Call Participants Matt Ramsay - TD Cowen Christopher Rolland - Susquehanna Tore Svanberg - Stifel Blayne Curtis - Barclays Ananda Baruah - Loop Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic Second Quarter Fiscal Year 2024 Financial Results Q&A session.

Cirrus Logic is currently out of favor in the market due to various factors, including a higher tax rate and the loss of an Apple chip win. Despite this, the recommendation for the stock has changed from hold to buy. The focus is on the future performance of the company and its potential for growth.

The Zacks Electronics - Semiconductors industry players, CRUS, SYNA and NVTS, are set to capitalize on the growing proliferation of AI, ML and consumer electronic devices.

Cirrus Logic's (CRUS) fiscal first-quarter performance is affected due to a reduction in components shipping of smartphones and lower general market sales.

Cirrus Logic (CRUS) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $1.12 per share a year ago.

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The Zacks Electronics - Semiconductors industry players, GFS, LSCC and CRUS are set to capitalize on the growing proliferation of AI, ML and consumer electronic devices.