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-0.01| Last Update: 05/17/13 - 4:00 PM EDT |
| Volume: 1,891,752 |
| YTD Performance: -23.16% |
| Open: $22.39 |
| Previous Close: $22.26 |
| 52 Week Range: $17.33 - $45.49 |
| Oustanding Shares: 64,371,867 |
| Market Cap: 1,432,917,759 |
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| Qtr (06/13) | Qtr (09/13) | FY (03/14) | FY (03/15) | |
|---|---|---|---|---|
| Average Estimate | $0.41 | $0.72 | $2.77 | $2.30 |
| Number of Analysts | 4 | 4 | 4 | 4 |
| High Estimate | $0.44 | $0.94 | $2.93 | $2.58 |
| Low Estimate | $0.39 | $0.58 | $2.58 | $1.89 |
| Prior Year | $0.16 | $0.71 | $2.94 | $2.77 |
| Growth Rate (Year over Year) | 159.38% | 1.41% | -5.70% | -17.22% |
Some patterns in key sectors suggest a deeper correction.
The market is taking its cue from tech firms' bloated inventories.
Cirrus Logic downgraded at NeedhamCRUS was downgraded from Strong Buy to Buy, Needham said. $30 price target. Company overbuilt and overspent, relative to current demand levels.
Cirrus Logic numbers reduced at Sterne AgeeCRUS estimates were cut through 2015, Sterne Agee said. Company pre-announced lower customer demand. Buy rating and new $27 price target.
If it can get through the earnings thicket, the move could have huge legs.
These days, tech names simply can’t be connected with Apple in any way, shape or form.
Cirrus Logic numbers reduced at Sterne AgeeShares of CRUS now seen reaching $42, according to Sterne Agee. Estimates also cut, given the company's new guidance. Buy rating.
You move more easily into a break-even position, and your downside is better protected.