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What Is Cirrus Logic's (NASDAQ:CRUS) P/E Ratio After Its Share Price Rocketed? [Yahoo! Finance News]

Cirrus Logic, Inc. (CRUS) 
Last cirrus logic, inc. earnings: 1/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.cirrus.com
What Is Cirrus Logic's (NASDAQ:CRUS) P/E Ratio After Its Share Price Rocketed? The Cirrus Logic NASDAQ:CRUS Assuming no other changes, a sharply higher share price makes a stock less attractive to potential buyers. While the market sentiment towards a stock is very changeable, in the long run, the share price will tend to move in the same direction as earnings per share. So some would prefer to hold off buying when there is a lot of optimism towards a stock. Perhaps the simplest way to get a read on investors' expectations of a business is to look at its Price to Earnings Ratio PE Ratio). Investors have optimistic expectations of companies with higher P/E ratios, compared to companies with lower P/E ratios. View our latest analysis for Cirrus Logic How Does Cirrus Logic's P/E Ratio Compare To Its Peers? Cirrus Logic's P/E of 36.41 indicates some degree of optimism towards the stock. The image below shows that Cirrus Logic has a higher P/E than the average 30.5) P/E for companies in th Show less Read more
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