Cirrus Logic Reports Q3 FY18 Revenue of $482.7 Million
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Cirrus Logic (CRUS) PT Lowered to $41 at BofA/Merrill Lynch
February 6, 2018 8:28 AM ESTBofA/Merrill Lynch lowered its price target on Cirrus Logic (NASDAQ: CRUS) to $41.00 (from $50.00) while maintaining a Underperform rating following the company's 3Q earnings report. 3Q sales were $48mn below the Street's estimates with EPS $0.18 below. 4Q sales guidance was $53.00 below on worse-than-expected iPhone... More
Cirrus Logic (CRUS) PT Lowered to $36 at Barclays
February 6, 2018 4:44 AM ESTBarclays lowered its price target on Cirrus Logic (NASDAQ: CRUS) to $36.00 (from $45.00) while maintaining a Underweight rating.
Analyst Blayne Curtis says the sizable earnings miss highlights the eroding content problem and believes the company is the "clearest short" in the Apple... More
