Investing In The Recent News-Driven Price Drop With Cirrus Logic [Seeking Alpha]
Cirrus Logic, Inc. (CRUS)
Last cirrus logic, inc. earnings: 1/29 04:00 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investor.cirrus.com
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Source: Seeking Alpha
Follow Play 12min Summary Cirrus Logic's stock dropped due to mixed news, but savvy investors should discern between real and misleading reports, presenting a buying opportunity. Despite Barclays' downgrade, Cirrus has strong future prospects with potential earnings growth from new iPhone components and smart power conversion. Cirrus' earnings could grow towards $11 per share, making the stock extremely cheap with a P/E under 10 and a price target of $120. Risks include China's political behavior and Apple's unit volume issues, but Cirrus' strategic moves and potential M&A could drive significant growth. Don Farrall/DigitalVision via Getty Images Cirrus Logic, Inc.'s ( NASDAQ: CRUS ) price recently dropped based on what now appears to be short-sided news reports. The news was mixed, most of it very positive. The few negative reports, one from ming-Kuo and two from Barclays, drove the extremely negative movement. With investing, misplaced news can drive prices either
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CRUS
News
- Cirrus Logic, Inc. (NASDAQ: CRUS) had its price target raised by analysts at Susquehanna from $135.00 to $140.00. They now have a "positive" rating on the stock.MarketBeat
- Cirrus Logic, Inc. (NASDAQ: CRUS) is now covered by analysts at Loop Capital. They set a "buy" rating and a $130.00 price target on the stock.MarketBeat
- Cirrus Logic Employees Game for Good: 24-Hour Marathon to Benefit Dell Children's HospitalPR Web
- Cirrus Logic, Inc. (NASDAQ: CRUS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Here's Why Cirrus Logic (CRUS) is Poised for a Turnaround After Losing -13.29% in 4 Weeks [Yahoo! Finance]Yahoo! Finance
CRUS
Earnings
- 11/4/24 - Beat
CRUS
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 144
- 11/12/24 - Form SC
- CRUS's page on the SEC website