Cirrus Logic (CRUS) Given Daily Coverage Optimism Score of 0.30
Media stories about Cirrus Logic (NASDAQ:CRUS) have been trending neutral recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cirrus Logic earned a coverage optimism score of 0.30 on their scale. InfoTrie also assigned press coverage about the semiconductor company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Cirrus Logic’s ranking:
- Apple Stock Sinks as Concern Over iPhone Demand Grows (finance.yahoo.com)
- Q3 2019 Earnings Estimate for Cirrus Logic, Inc. Issued By Oppenheimer (CRUS) (americanbankingnews.com)
- Q3 2019 EPS Estimates for Cirrus Logic, Inc. Reduced by KeyCorp (CRUS) (americanbankingnews.com)
- Cirrus Is In For Stormy Weather (seekingalpha.com)
- Apple has to hold this key level for it to be a buy, says technician (finance.yahoo.com)
Several research firms have commented on CRUS. ValuEngine raised shares of Cirrus Logic from a “hold” rating to a “buy” rating in a report on Wednesday. MKM Partners lowered their price target on shares of Cirrus Logic to $45.00 and set a “buy” rating on the stock in a report on Tuesday. Bank of America set a $29.00 price target on shares of Cirrus Logic and gave the company a “sell” rating in a report on Tuesday. Craig Hallum reaffirmed a “buy” rating and issued a $44.00 price target (down from $47.00) on shares of Cirrus Logic in a report on Tuesday. Finally, BidaskClub lowered shares of Cirrus Logic from a “buy” rating to a “hold” rating in a report on Tuesday. Four analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.88.
Cirrus Logic (NASDAQ:CRUS) last posted its earnings results on Thursday, November 1st. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.34. Cirrus Logic had a net margin of 7.09% and a return on equity of 15.55%. The business had revenue of $366.30 million for the quarter, compared to analyst estimates of $330.27 million. During the same period in the prior year, the company posted $1.36 EPS. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. As a group, research analysts predict that Cirrus Logic will post 2.28 earnings per share for the current year.
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About Cirrus Logic
Cirrus Logic, Inc, a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. The company offers portable and non-portable audio, and other products. Its products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors.
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