Entering text into the input field will update the search result below

Analysts cut Cirrus targets on guidance

Dec. 04, 2018 9:14 AM ETCirrus Logic, Inc. (CRUS) StockCRUSBy: Brandy Betz, SA News Editor3 Comments
  • Analysts cut Cirrus Logic (NASDAQ:CRUS) targets after the company trimmed its guidance on weak smartphone demand.
  • Craig-Hallum drops CRUS from $47 to $44 noting Cirrus lost content with Apple this iPhone cycle between the lower ASP chipset and the loss of the dongle included in the box. Cirrus is securing about $4 in total content per phone, down from $5.50 in the last cycle.
  • The firm does think Cirrus will gain more content in the 2019 iPhones and, in the near-term, there's the opportunity to expand in Samsung's mid-tier devices.
  • More action: Cowen drops Cirrus from $42 to $39. The firm is optimistic about Cirrus Logic's long-term audio IC expertise, but the near-term Apple exposure overshadows for now.
  • Source: StreetAccount.
  • CRUS is down 6% premarket to $36.35.
  • Previously: Cirrus Logic -6% on guidance cut (Dec. 3)

Recommended For You

About CRUS Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
CRUS--
Cirrus Logic, Inc.