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AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (Nasdaq: CRUS) announced that President and Chief Executive Officer John Forsyth and Interim Chief Financial Officer Ulf Habermann will present at the Barclays Annual Global Technology Conference in San Francisco, California on December 12, 2024 at 1:20 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 mi.
Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?
Cirrus Logic reported record revenue for September, but December guidance fell short, causing a negative market reaction despite upbeat management. Key reasons for the guidance shortfall include a shifted revenue pattern, a shorter December quarter, and an earlier Android ramp. Future growth expected from new PC and Android products, with potential earnings boost from lower corporate tax rates.
Rising costs in a stiff competitive landscape, as well as heavy reliance on a single customer for top-line growth, are concerns for investing in CRUS stock.
DULUTH, Minn. & TORONTO--(BUSINESS WIRE)-- #Aviation--The Cirrus SR Series G7 and G2+ Vision Jet have successfully achieved Transport Canada Civil Aviation (TCCA) certification. This certification confirms that Cirrus aircraft adhere to stringent regulatory standards set by Transport Canada concerning aviation safety, performance and operational requirements. Zean Nielsen, CEO of Cirrus, stated, “Pursuing TCCA certification for the newest Cirrus aircraft models, the SR Series G7 and G2+ Vision Jet, undersc.
Examine Cirrus Logic's (CRUS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
Reliance on a single customer for a huge chunk of revenue is weighing on this company, but that could turn into an advantage in the future.
The heavy selling pressure might have exhausted for Cirrus Logic (CRUS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
CRUS' fiscal Q2 2025 performance benefits from the continued momentum of Audio and High-performance mixed-signal products.
U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 0.1% on Tuesday.