MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to. Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts.
Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. 7 Consumer Discretionary Stocks That May Defy Expectations.7 Outdoor Living Stocks to Buy Before Investors Go Away For the Summer.7 NFT Related Stocks That Are Helping to Drive This Trend.7 Agricultural Technology Stocks to Buy as Commodity Prices Remain Volatile.7 Dividend Stocks to Buy When Safety is Your Top Priority.7 Stagflation Stocks to Help Navigate Periods of Low Growth.7 Commodities ETFs to Help Build a Hedge Against Inflation.7 Dividend Stocks That Earn 10% Every Month.7 Dividend Aristocrats to Help You Take the Bite Out of the Bear.7 Recession-Proof Stocks That Will Let You Wait Out the Bear CRUS stock’s rise since late-2018 came due to a 15 rise in revenue from 1.19 billion in FY 2019 to 1.37 billion in FY 2021 (Cirrus Logic’s fiscal year ends in March).7 Stocks with the Pricing Power to Push Through High Inflation.Why Invest in High-Yield Dividend Stocks?.United Natural Foods Stock is Ready to be Snacked On.3 More Stocks For the Second Half to Consider.Taiwan Semiconductor Rides Chip Demand To Record Revenue.Why Shopify Stock Split…And is as Shoppable as Ever.Verint Systems Stock is a Customer Engagement Play.Is Coupang's Stock On The Verge Of A Turnaround?.Should You Have These Two Banks In Your Portfolio?.The Trader's Guide to Equities Research.
That compared with 630 worldwide and 445 in Austin at the end of December.Īlthough the company's audio business is expected to drive much of its near-term revenue growth, Rhode said that Cirrus also is working with makers of LED light bulbs to supply compatible dimmer technology that would enable new light bulbs to work in existing light sockets. The sale is expected to remove about $5 million in quarterly revenue and about 80 workers from Cirrus.Ĭirrus ended the past quarter with about 700 employees worldwide and 520 in Austin. We are very much in a talent- constrained situation right now," Rhode said.Ĭirrus also said it will sell some assets tied to its Apex Precision Power business in Tucson, Ariz., for about $26 million in the next 45 days. We see a ton of new opportunities in front of us. That comes after reporting adjusted earnings per share of. "We need to make sure we are laying in enough engineers so we can keep growing off this higher (revenue base). Cirrus Logic (NASDAQ: CRUS) news for Tuesday from its earnings report for its fiscal second quarter of 2021 have CRUS stock on the rise. The biggest challenge for the company, Rhode said, is finding enough skilled technical workers to work on new products including custom audio products. "They must have gotten a bigger piece of the pie," Moorhead said. That probably means, he said, that Cirrus is selling more chip content to its largest customer. Technology analyst Patrick Moorhead, with Moor Insights & Strategy, said Cirrus' projected revenue growth is higher than Apple's expected growth in the near future. The company also is completing work on a new audio amplifier chip that has not started shipment for revenue. The signal- processing chips can perform additional functions, such as canceling wind noise.
Cirrus stock portable#
Rhode did not comment on Apple but said that Cirrus is shipping increasing numbers of audio chips and programmable signal-processing chips to makers of portable products. But in after-hours trading after the new outlook was released, the stock was trading at $35.66 a share, up $5.82, or 19.5 percent. The company’s fiscal 20 revenues are anticipated to rise 2.1. Cirrus closed at $29.84 a share, up 88 cents, or 3 percent. Cirrus Logic CRUS is benefiting from strong revenue growth across its high-performance mixed-signal and audio segment. The quarterly results were released after the close of the market on Monday. "The team's ability to formulate and execute a strategy is truly remarkable and gives us great confidence as we continue to increase our (research and development) investment in order to support our customers and pursue further growth opportunities."
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