Cirrus Logic (NASDAQ:CRUS) was a part of Forbes 100 fastest growing companies for 2012. The company is well known in the semi-conductor industry as it provides quality products in its audio and energy divisions. Furthermore, the company caters to 2,500 customers worldwide. In 2013, things have changed. CRUS stock has lost 57.43% of its value since the highs witnessed in October 2012. However, in the company's latest earnings report, it reported a 39% increase in cash, no debt and repurchased 1.5 million shares of common stock.
For the upcoming quarter, the company expects revenues to fall from $207 million to $160 million. With forecasting suggesting a loss in value for the coming quarter, what has caused this...
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