Why Cirrus Logic Stock Plunged Today [The Motley Fool]
Cirrus Logic, Inc. (CRUS)
Last cirrus logic, inc. earnings: 1/29 04:00 pm
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US:NASDAQ Investor Relations:
investor.cirrus.com
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Source: The Motley Fool
Why Cirrus Logic Stock Plunged Today The coronavirus outbreak continues to crush stocks, shortly after an analyst upgrades Cirrus Logic. Shares of Cirrus Logic ( NASDAQ:CRUS ) have plunged today, down by 12% as of 1:10 p.m. EDT, as the broader market has tanked and set off a 15-minute circuit breaker that halts trading. The drop came shortly after a Street analyst recommended that investors buy Cirrus Logic. Cowen upgraded Cirrus Logic earlier this week to outperform while maintaining a price target of $88. Analyst Matthew Ramsay believes the company will enjoy expanded content in forthcoming Apple ( NASDAQ:AAPL ) iPhones. The Cupertino tech giant is Cirrus Logic's primary customer, representing 83% of revenue last quarter. Apple is expected to include 5G in its flagship iPhones this year, and Ramsay believes that Cirrus Logic will be a key beneficiary from the sales cycle. "The Covid-19 sell-off presents a window for investors to step in ahead of a multiyear content story at Apple,
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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