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Cirrus Logic Inc

Cirrus Logic Inc (CRUS)

137.71
-0.68
(-0.49%)
Closed July 24 4:00PM
137.71
-0.07
(-0.05%)
After Hours: 4:00PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
137.71
Bid
135.80
Ask
141.00
Volume
299,365
136.65 Day's Range 138.90
65.0177 52 Week Range 142.83
Market Cap
Previous Close
138.39
Open
137.09
Last Trade
75
@
139.9
Last Trade Time
Financial Volume
$ 41,220,393
VWAP
137.6928
Average Volume (3m)
513,619
Shares Outstanding
53,568,913
Dividend Yield
-
PE Ratio
26.88
Earnings Per Share (EPS)
5.13
Revenue
1.79B
Net Profit
274.57M

About Cirrus Logic Inc

Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile... Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, Japan, Taiwan, and countries across the world. Show more

Sector
Semiconductor,related Device
Industry
Semiconductor,related Device
Website
Headquarters
Wilmington, Delaware, USA
Founded
1970
Cirrus Logic Inc is listed in the Semiconductor,related Device sector of the NASDAQ with ticker CRUS. The last closing price for Cirrus Logic was $138.39. Over the last year, Cirrus Logic shares have traded in a share price range of $ 65.0177 to $ 142.83.

Cirrus Logic currently has 53,568,913 shares outstanding. The market capitalization of Cirrus Logic is $7.41 billion. Cirrus Logic has a price to earnings ratio (PE ratio) of 26.88.

Cirrus Logic (CRUS) Options Flow Summary

Overall Flow

Bullish

Net Premium

28k

Calls / Puts

200.00%

Buys / Sells

50.00%

OTM / ITM

200.00%

Sweeps Ratio

0.00%

CRUS Latest News

Cirrus Logic to Report First Quarter Fiscal Year 2025 Results

Cirrus Logic, Inc. (NASDAQ: CRUS) today announced that the company will post its first quarter fiscal year 2025 financial results and business outlook on the Investor Relations area of its...

Cirrus Logic präsentiert neueste Ergänzungen seiner Familie professioneller Audio Converter

Einführung der Digital-Analog-Umsetzer und Codec-Produkte, die für maßgeschneiderte höchste Klangwiedergabetreue für Musiker/-innen, Live-Events und Aufnahmeingenieure/-innen entwickelt wurden...

Cirrus Logic dévoile les petits nouveaux de sa famille de convertisseurs audio professionnels

Lancement des convertisseurs numérique vers analogique et des produits CODEC conçus pour une fidélité audio absolue et personnalisée pour les musiciens, les artistes live et les ingénieurs du son...

Cirrus Logic Unveils Its Latest Additions to Its Family of Professional Audio Converters

Launch of Digital-to-Analog Converters and CODEC Products Engineered for Supreme Audio Fidelity Tailored for Musicians, Live Entertainers, and Recording Engineers Cirrus Logic (Nasdaq: CRUS...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-3.12-2.21543705176140.83142.83134.0062496672138.66897412CS
413.9411.2628262099123.77142.83122.87455890134.02852972CS
1248.1953.831546023289.52142.8383.92513619118.14874213CS
2655.6267.754903155182.09142.8375.92465320103.34615326CS
5260.0377.278578784877.68142.8365.017745499589.76273647CS
15653.0462.643203023584.67142.8361.9448029784.9695079CS
26090.76193.31203407946.95142.8346.6556252077.85894449CS

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CRUS Discussion

View Posts
///M3 ///M3 2 years ago
Exiting thank you
👍️0
///M3 ///M3 2 years ago
Watching crus today for flip
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bosman bosman 4 years ago
This is a buy. Should be a good earnings report tomorrow. Take a good look at Apple,Cirrus Logic earnings will skyrocket to moon.
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whytestocks whytestocks 4 years ago
News: $CRUS Investors Prepare for the Latest Earnings Report From an Apple Supplier

Apple (NASDAQ: AAPL) supplier Cirrus Logic (NASDAQ: CRUS) looked all set to take advantage of the iPhone maker's foray into 5G, but recent rumors have cast a shadow of uncertainty over Cirrus' ability to benefit from the expected rollout of 5G iPhones this year. There are reports that ...

Read the whole news CRUS - Investors Prepare for the Latest Earnings Report From an Apple Supplier
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whytestocks whytestocks 5 years ago
$CRUS bears are running Cirrus Logic Inc Nasdaq Crus Short Squeeze
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stocktrademan stocktrademan 6 years ago
CRUS invest 36.11























normal chart




log chart



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jdlitson jdlitson 8 years ago
I can't believe anyone is buying at this level. It's downhill from here. GLTA
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starbuxsux starbuxsux 9 years ago
Cirrus Logic Reports Q1 Revenue of $282.6 Million

4:00 PM ET 7/22/15 | BusinessWire

Cirrus Logic, Inc. (Nasdaq: CRUS), a leader in high-precision analog and digital signal processing components, today posted on its investor relations website at http://investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the first quarter fiscal year 2016, which ended June 27, 2015, as well as the company's current business outlook.

"Q1 was a great quarter for Cirrus Logic. We delivered solid financial results as demand for our smart codecs and amplifiers pushed revenue above the high end of our guidance," said Jason Rhode, president and chief executive officer. "FY16 looks to be an outstanding year with a significant increase in revenue being driven by new products. We expect strong demand for our audio and voice solutions to fuel additional growth in FY17."

Reported Financial Results - First Quarter FY16

-- Revenue of $282.6 million;

-- GAAP and non-GAAP gross margin of approximately 47 percent;

-- GAAP operating expenses of $82.5 million, which included a one-time $12.5 million benefit from the sale of certain LED patents; non-GAAP operating expenses of $79.9 million; and

-- GAAP diluted earnings per share of $0.50 and non-GAAP diluted earnings per share of $0.54.

A reconciliation of the non-GAAP charges is included in the tables accompanying this press release.

Business Outlook - Second Quarter FY16

-- Revenue is expected to range between $290 million and $310 million;

-- GAAP gross margin is expected to be between 45 percent and 47 percent; and

-- Combined GAAP R&D and SG&A expenses are expected to range between $96 million and $100 million, which includes approximately $9 million in share-based compensation and $7 million in amortization of acquired intangibles.

Cirrus Logic will host a live Q&A session at 5 p.m. EST today to answer questions related to its financial results and business outlook. Participants may listen to the conference call on the Cirrus Logic website. Participants who would like to submit a question to be addressed during the call are requested to email investor.relations@cirrus.com. A replay of the webcast can be accessed on the Cirrus Logic website approximately two hours following its completion, or by calling (404) 537-3406, or toll-free at (855) 859-2056 (Access Code: 75505782).

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio, industrial and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in the United States, United Kingdom, Australia, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Use of non-GAAP Financial Information

To supplement Cirrus Logic's financial statements presented on a GAAP basis, Cirrus has provided non-GAAP financial information, including gross margins, operating expenses, net income, operating profit and income, effective tax rate and diluted earnings per share. A reconciliation of the adjustments to GAAP results is included in the tables below. Non-GAAP financial information is not meant as a substitute for GAAP results, but is included because management believes such information is useful to our investors for informational and comparative purposes. In addition, certain non-GAAP financial information is used internally by management to evaluate and manage the company. The non-GAAP financial information used by Cirrus Logic may differ from that used by other companies. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP.

Safe Harbor Statement

Except for historical information contained herein, the matters set forth in this news release contain forward-looking statements, including future growth opportunities and our estimates of second quarter fiscal year 2016 revenue, gross margin, combined research and development and selling, general and administrative expense levels, share-based compensation expense and amortization of acquired intangibles. In some cases, forward-looking statements are identified by words such as "expect," "anticipate," "target," "project," "believe," "goals," "opportunity," "estimates," "intend," and variations of these types of words and similar expressions. In addition, any statements that refer to our plans, expectations, strategies or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the following: the level of orders and shipments during the second quarter of fiscal year 2016, as well as customer cancellations of orders, or the failure to place orders consistent with forecasts; and the risk factors listed in our Form 10-K for the year ended March 28, 2015, and in our other filings with the Securities and Exchange Commission, which are available at www.sec.gov. The foregoing information concerning our business outlook represents our outlook as of the date of this news release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

Cirrus Logic and Cirrus are registered trademarks of Cirrus Logic, Inc. All other company or product names noted herein may be trademarks of their respective holders.
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starbuxsux starbuxsux 9 years ago
Cirrus Logic beats by $0.19, beats on revs; guides Q1 revs above consensus

4:03 PM ET 4/28/15 | Briefing.com

Reports Q4 (Mar) earnings of $0.66 per share, excluding non-recurring items, $0.19 better than the Capital IQ Consensus of $0.47; revenues rose 70.5% year/year to $255.2 mln vs the $231.08 mln consensus.

Co issues upside guidance for Q1, sees Q1 revs of $260-280 mln vs. $226.01 mln Capital IQ Consensus Estimate.

"As we move into FY16, we expect revenue to grow year-over-year as shipments of products designed for audio and voice applications in mobile devices accelerate."
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starbuxsux starbuxsux 9 years ago
Cirrus Logic beats by $0.22, beats on revs; guides Q4 revs above consensus

4:04 PM ET 1/28/15 | Briefing.com

Reports Q3 (Dec) earnings of $0.97 per share, excluding non-recurring items, $0.22 better than the Capital IQ Consensus Estimate of $0.75; revenues rose 36.5% year/year to $298.6 mln vs the $274.07 mln consensus with non-GAAP gross margin of 46.2 percent.
Co issues upside guidance for Q4, sees Q4 revs of $220-240 mln vs. $197.55 mln Capital IQ Consensus Estimate; sees Q4 GAAP gross margin is expected to be between 45 percent and 47 percent
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starbuxsux starbuxsux 9 years ago
Cirrus Logic to Announce Q3 Results Jan. 28

4:00 PM ET 1/6/15 | BusinessWire

Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that the company will post its third quarter fiscal year 2015 financial results and business outlook on the investor relations area of its website on Wednesday, Jan. 28, at approximately 4 p.m. EST.

Cirrus Logic will host a live Q&A webcast session at 5 p.m. EST that same day to answer questions related to its financial results and business outlook. Shareholders who would like to submit a question to be addressed during the call are requested to email investor.relations@cirrus.com.

A replay of the Q&A session will be available on the website listed above beginning approximately two hours following the completion of the call or by dialing (404) 537-3406 or toll free at (855) 859-2056 (Access Code: 61707935).

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in the United States, United Kingdom, Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Cirrus Logic and Cirrus are trademarks of Cirrus Logic, Inc.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20150106006642r1&sid=cmtx6&distro=nx&lang=en

SOURCE: Cirrus Logic, Inc.

Cirrus Logic, Inc.
Thurman K. Case, 512-851-4125
Chief Financial Officer
Investor.Relations@cirrus.com
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PennyHut PennyHut 10 years ago
I love this stock. Crus is the best rolling stock ever. Made money every year.
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stocktrademan stocktrademan 10 years ago
$CRUS DD Notes ~ http://www.ddnotesmaker.com/CRUS

bullish
double/triple bottom

$CRUS recent news/filings

## source: finance.yahoo.com

Tue, 16 Dec 2014 16:46:00 GMT ~ Cirrus: Oppenheimer Ups to Hold; Outlook for Chips Bright in 2015

[at Barrons.com] - Shares of Cirrus Logic (CRUS) are up 2 cent at $22.98, after Oppenheimer & Co.’s Rick Schafer raised his rating on the shares to “Perform” from “Underperform” as part of a broad review of chip prospects ...

read full: http://blogs.barrons.com/techtraderdaily/2014/12/16/cirrus-oppenheimer-ups-to-hold-outlook-for-chips-bright-in-2015/?mod=yahoobarrons&ru=yahoo
*********************************************************

Tue, 16 Dec 2014 14:22:00 GMT ~ Will This Analyst Upgrade Help Cirrus Logic (CRUS) Stock Today?

[at TheStreet] - Oppenheimer upgrades Cirrus Logic (CRUS) to 'perform' from 'underperform.'

read full: http://www.thestreet.com/story/12986912/1/will-this-analyst-upgrade-help-cirrus-logic-crus-stock-today.html?puc=yahoo&cm_ven=YAHOO
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Tue, 16 Dec 2014 12:58:38 GMT ~ Cirrus Logic upgraded by Oppenheimer


read full: http://finance.yahoo.com/q/ud?s=CRUS
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Mon, 15 Dec 2014 22:45:00 GMT ~ Stock Pops & Drops: PETM, CRUS, GMCR & GLNG


read full: http://finance.yahoo.com/video/stock-pops-drops-petm-crus-224500139.html
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Mon, 15 Dec 2014 17:27:00 GMT ~ Cirrus Soars 19%: Barclays Says Buy on Potential iPhone '6S,' Galaxy Wins

[at Barrons.com] - Shares of semiconductor maker Cirrus Logic (CRUS), which has long supplied audio chips to Apple (AAPL) for the latter’s iPhone and iPad, are up $3.58, or 19%, at $22.43, after Barclays’s Blayne Curtis ...

read full: http://blogs.barrons.com/techtraderdaily/2014/12/15/cirrus-soars-19-barclays-says-buy-on-potential-iphone-6s-galaxy-wins/?mod=yahoobarrons&ru=yahoo
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$CRUS charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$CRUS company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/CRUS/company-info
Ticker: $CRUS
OTC Market Place: Not Available
CIK code: 0000772406
Company name: Cirrus Logic, Inc.
Company website: http://www.cirrus.com
Incorporated In: DE, USA


$CRUS share structure

## source: otcmarkets.com

Market Value: $1,445,804,961 a/o Dec 16, 2014
Shares Outstanding: 63,163,170 a/o Oct 24, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
$CRUS extra dd links

Company name: Cirrus Logic, Inc.
Company website: http://www.cirrus.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CRUS+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CRUS+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CRUS+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CRUS/news - http://finance.yahoo.com/q/h?s=CRUS+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CRUS/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CRUS/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CRUS+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CRUS
DTCC (dtcc.com): http://search2.dtcc.com/?q=Cirrus+Logic%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Cirrus+Logic%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Cirrus+Logic%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.cirrus.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.cirrus.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.cirrus.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CRUS
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000772406&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CRUS/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CRUS/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CRUS&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CRUS
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CRUS/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CRUS+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CRUS+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CRUS
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CRUS
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CRUS+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CRUS/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CRUS+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CRUS.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CRUS
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CRUS/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CRUS
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CRUS
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CRUS:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CRUS
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CRUS



$CRUS DD Notes ~ http://www.ddnotesmaker.com/CRUS
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starbuxsux starbuxsux 10 years ago
Cirrus Logic +7.5%; Barclays upgrades, sees iPhone content gains
Dec 15 2014, 09:19 ET | About: Cirrus Logic, Inc. (CRUS) | By: Eric Jhonsa, SA News Editor

"We believe CRUS will see content in the iPhone 6S next year increase and we believe CRUS' next-gen 55nm smart codec will integrate a low-power DSP to enable 'always-on voice,'" writes Barclays, upgrading to Overweight and hiking its target by $10 to $28.

Barclays sees Cirrus' chip content rising to $2.50-$3.00 from $2 in current iPhones, and also thinks its next-gen smart codec will likely go into Samsung's Galaxy S6. The Moto X and some other Android phones have already integrated always-on voice.

The adoption of Cirrus' smart codec/DSP solution by Android OEMs would represent a fresh challenge for Audience (NASDAQ:ADNC), which offers its Always-on VoiceQ solution to enable touchless device waking.

A year ago, Barclays was among the first to report Cirrus didn't have an audio amplifier slot in the iPad Air.
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C.R.T C.R.T 10 years ago
Red to green...; )
👍️0
C.R.T C.R.T 10 years ago
600k$ buy @ 20.78 money's here
👍️0
C.R.T C.R.T 10 years ago
Buying crus under 21$
👍️0
stocktrademan stocktrademan 10 years ago
$CRUS recent news/filings

bullish optionable

## source: finance.yahoo.com

Thu, 24 Jul 2014 12:30:16 GMT ~ Cirrus Logic (CRUS) Down Despite Q1 Earnings & Revenue Beat

[Zacks] - Cirrus Logic Inc. (CRUS) reported first-quarter fiscal 2015 adjusted earnings of 28 cents, which surpassed the Zacks Consensus Estimate of 17 cents.

read full: http://finance.yahoo.com/news/cirrus-logic-crus-down-despite-123016526.html
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Thu, 24 Jul 2014 10:10:38 GMT ~ Why Qualcomm and Cirrus Got Crushed After Earnings


read full: http://www.fool.com/investing/general/2014/07/23/why-qualcomm-and-cirrus-got-crushed-after-earnings.aspx?source=eogyholnk0000001
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Wed, 23 Jul 2014 21:53:49 GMT ~ Cirrus Logic, Inc. Beats Q2 Estimates; Shares Fall 7% Anyhow

[at Motley Fool] - Cirrus Logic beat analyst estimates in the second quarter but couldn't live up to overheated investor expectations. Shares fell 7% on the news.

read full: http://www.fool.com/investing/general/2014/07/23/cirrus-logic-inc-beats-q2-estimates-shares-fall-7.aspx?source=eogyholnk0000001
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Wed, 23 Jul 2014 21:23:11 GMT ~ Cirrus Logic forecasts quarterly revenue below estimates

[Reuters] - Cirrus Logic Inc, a supplier of audio chips for the iPhone, forecast current-quarter revenue slightly below the midpoint of analysts' estimates. Cirrus, which gets about three-quarters of its sales from Apple Inc, said it expected second-quarter revenue of between $175 million and $195 million. Analysts on average were expecting revenue of $185.9 million, according to Thomson Reuters I/B/E/S. The company said its forecast excluded any potential contribution or charges related to the acquisition of Wolfson Microelectronics Plc for 291 million pounds ($489 million), a deal it expects to close in the current quarter.

read full: http://finance.yahoo.com/news/cirrus-logic-forecasts-quarterly-revenue-212311518.html
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Wed, 23 Jul 2014 20:29:00 GMT ~ Cirrus Logic Drops 6%: FYQ1 Beats, Q2 Rev View Light

[at Barrons.com] - Shares of mobile chip maker Cirrus Logic (CRUS), a prominent supplier to Apple (AAPL), are down $1.35, or 5.6%, at $22.62, after the company this afternoon reported fiscal Q1 revenue and earnings per share that topped analysts' expectations, and forecast revenue revenue this quarter of below consensus and also projected a decline in gross profit margin. Gross margin came in at 49%. CEO Jason Rhode said the company was "pleased" with the results, and said Cirrus "experienced strong dmeand for our custom and general market portable audio products." He said the company has a "robust pipeline of innovative products." For the current quarter, the company sees revenue of $175 million to $195 million, below the average Street estimate of $188.5 million.

read full: http://blogs.barrons.com/techtraderdaily/2014/07/23/cirrus-logic-drops-5-6-fyq1-beats-q2-rev-view-light/?mod=yahoobarrons&ru=yahoo
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$CRUS charts

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$CRUS company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/CRUS/company-info
Ticker: $CRUS
OTC Market Place: Not Available
CIK code: 0000772406
Company name: Cirrus Logic, Inc.
Company website: http://www.cirrus.com
Incorporated In: DE, USA


$CRUS share structure

## source: otcmarkets.com

Market Value: $1,449,060,534 a/o Jul 25, 2014
Shares Outstanding: 62,058,267 a/o May 23, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
$CRUS extra dd links

Company name: Cirrus Logic, Inc.
Company website: http://www.cirrus.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/after-hours
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Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CRUS+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CRUS+Profile
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## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CRUS/news - http://finance.yahoo.com/q/h?s=CRUS+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/stock-report
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Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CRUS/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CRUS/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CRUS+Basic+Tech.+Analysis
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DTCC (dtcc.com): http://search2.dtcc.com/?q=Cirrus+Logic%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Cirrus+Logic%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Cirrus+Logic%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.cirrus.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.cirrus.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.cirrus.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CRUS
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000772406&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CRUS/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CRUS/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/short-interest
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OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CRUS
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Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CRUS+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CRUS+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CRUS
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CRUS
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CRUS+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CRUS/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CRUS+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CRUS.htm
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Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CRUS/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CRUS/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
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Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CRUS
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CRUS:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CRUS
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CRUS



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starbuxsux starbuxsux 10 years ago
Cirrus Logic Reports Q4 Revenue of $149.7 Million and Full FY14 Revenue of $714.3 Million

4:01 PM ET 4/24/14 | BusinessWire

Cirrus Logic, Inc. (Nasdaq: CRUS), a leader in high-precision analog and digital signal processing components, today posted on its investor relations website at http://investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the fourth quarter and full fiscal year 2014, which ended March 29, as well as the company's current business outlook.

"Cirrus Logic is entering into FY15 with a robust pipeline of innovative products, a compelling roadmap pairing our best in class hardware with embedded SoundClear(R) software and solid relationships with leading players in our target markets," said Jason Rhode, president and chief executive officer. "Many of our new developments are now under way in more advanced process geometries, allowing our engineers to add meaningful signal processing capabilities to our products and significantly enhance the value we add for our customers."

Reported Financial Results - Fourth Quarter FY14

-- Revenue of $149.7 million;

-- Gross margin of 49 percent;

-- GAAP operating expenses of $53.3 million and non-GAAP operating expenses of $47.9 million; and

-- GAAP diluted earnings per share of $0.20 and non-GAAP diluted earnings per share of $0.41.

Reported Financial Results - Complete FY14

-- Revenue of $714.3 million;

-- Gross margin of 50 percent;

-- GAAP operating expenses of $201.1 million and non-GAAP operating expenses of $178.3 million; and

-- GAAP diluted earnings per share of $1.65 and non-GAAP diluted earnings per share of $2.69.

A reconciliation of the non-GAAP charges is included in the tables accompanying this press release.

Business Outlook - First Quarter FY15

-- Revenue is expected to range between $135 million and $155 million;

-- Gross margin is expected to be between 47 percent and 49 percent; and

-- Combined R&D and SG&A expenses are expected to range between $57 million and $62 million, which includes approximately $7 million in share-based compensation and amortization of acquired intangibles.

Cirrus Logic will host a live Q&A session at 5 p.m. EDT today to answer questions related to its financial results and business outlook. Participants may listen to the conference call on the Cirrus Logic website. Participants who would like to submit a question to be addressed during the call are requested to email investor.relations@cirrus.com. A replay of the webcast can be accessed on the Cirrus Logic website approximately two hours following its completion, or by calling (404) 537-3406, or toll-free at (855) 859-2056 (Access Code: 23057089).

Upcoming Investor Conference

Cirrus Logic CEO Jason Rhode will present at the Jefferies 2014 Global Technology, Media and Telecom Conference in Miami on May 6 at 12:00 pm EDT. A live webcast of the presentation will be available on the company's investor relations website http://investor.cirrus.com. An archived replay of the webcast will be available for 90 days on the website following the event.

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in Phoenix, Ariz., Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Use of non-GAAP Financial Information

To supplement Cirrus Logic's financial statements presented on a GAAP basis, Cirrus has provided non-GAAP financial information, including operating expenses, net income, operating profit and diluted earnings per share. A reconciliation of the adjustments to GAAP results is included in the tables below. Non-GAAP financial information is not meant as a substitute for GAAP results, but is included because management believes such information is useful to our investors for informational and comparative purposes. In addition, certain non-GAAP financial information is used internally by management to evaluate and manage the company. The non-GAAP financial information used by Cirrus Logic may differ from that used by other companies. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP.

Safe Harbor Statement

Except for historical information contained herein, the matters set forth in this news release contain forward-looking statements, including our estimates of first quarter fiscal year 2015 revenue, gross margin, combined research and development and selling, general and administrative expense levels, share-based compensation expense and amortization of acquired intangibles. In some cases, forward-looking statements are identified by words such as "expect," "anticipate," "target," "project," "believe," "goals," "opportunity," "estimates," "intend," and variations of these types of words and similar expressions. In addition, any statements that refer to our plans, expectations, strategies or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the following: the level of orders and shipments during the first quarter of fiscal year 2015, as well as customer cancellations of orders, or the failure to place orders consistent with forecasts; and the risk factors listed in our Form 10-K for the year ended March 30, 2013, and in our other filings with the Securities and Exchange Commission, which are available at www.sec.gov. The foregoing information concerning our business outlook represents our outlook as of the date of this news release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

Cirrus Logic, Cirrus and SoundClear are registered trademarks of Cirrus Logic, Inc.

Summary financial data follows:

View data
CIRRUS LOGIC, INC. CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS (unaudited) (in thousands, except per share data) Three Months Ended Twelve Months Ended ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------- Mar. 29, Dec. 28, Mar. 30, Mar. 29, Mar. 30, 2014 2013 2013 2014 2013 -------------------------------------------------- -------------------------------------------------- -------------------------------------------------- -------------------------------------------------- -------------------------------------------------- Q4'14 Q3'14 Q4'13 Q4'14 Q4'13 -------------------------------------------------- -------------------------------------------------- -------------------------------------------------- -------------------------------------------------- -------------------------------------------------- Audio products $ 137,773 $ 206,388 $ 196,098 $ 667,739 $ 754,769 Energy products 11,886 12,495 10,775 46,599 55,017 -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- Net revenue 149,659 218,883 206,873 714,338 809,786 -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- Cost of sales 76,291 115,034 123,259 358,175 414,595 -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- Gross Profit 73,368 103,849 83,614 356,163 395,191 Gross Margin 49.0 % 47.4 % 40.4 % 49.9 % 48.8 % Research and development 35,511 32,426 30,085 126,189 114,071 Selling, general and administrative 17,823 18,625 19,724 74,861 76,998 Restructuring and other costs (26 ) 12 - (598 ) 3,539 Gain on sale of asset - - - - (247 ) Patent settlements, net - - - 695 - -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- Total operating expenses 53,308 51,063 49,809 201,147 194,361 -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- Operating income 20,060 52,786 33,805 155,016 200,830 Interest income, net 267 222 106 848 440 Other income (expense), net (27 ) (45 ) 14 (127 ) (80 ) -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- Income before income taxes 20,300 52,963 33,925 155,737 201,190 Provision for income taxes 7,698 11,463 7,565 47,626 64,592 -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- Net income $ 12,602 $ 41,500 $ 26,360 $ 108,111 $ 136,598 ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ==================== Basic earnings per share: $ 0.20 $ 0.66 $ 0.41 $ 1.72 $ 2.12 Diluted earnings per share: $ 0.20 $ 0.63 $ 0.39 $ 1.65 $ 2.00 Weighted average number of shares: Basic 62,215 62,854 63,877 62,926 64,580 Diluted 64,545 65,368 67,138 65,535 68,454 Prepared in accordance with Generally Accepted Accounting Principles

View data
CIRRUS LOGIC, INC. RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL INFORMATION (unaudited, in thousands, except per share data) (not prepared in accordance with GAAP) Non-GAAP financial information is not meant as a substitute for GAAP results, but is included because management believes such information is useful to our investors for informational and comparative purposes. In addition, certain non-GAAP financial information is used internally by management to evaluate and manage the company. As a note, the non-GAAP financial information used by Cirrus Logic may differ from that used by other companies. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP. Certain modifications to prior year non-GAAP presentation has been made and had no material effect on the results of operations.

View data
Three Months Ended Twelve Months Ended --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Mar. 29, Dec. 28, Mar. 30, Mar. 29, Mar. 30, 2014 2013 2013 2014 2013 ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------- -------------------------------------------------- Net Income Reconciliation Q4'14 Q3'14 Q4'13 Q4'14 Q4'13 ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------- -------------------------------------------------- GAAP Net Income $ 12,602 $ 41,500 $ 26,360 $ 108,111 $ 136,598 Amortization of acquisition intangibles 217 275 - 492 604 Stock based compensation expense 5,545 6,016 5,734 23,074 21,496 International sales reorganization charges - - 442 - 395 Restructuring and other costs, net (26 ) 12 - (598 ) 3,539 Gain on asset sale - - - - (247 ) Patent settlements, net - - - 695 - Provision for income taxes 7,808 10,300 7,041 44,647 59,643 -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- Non-GAAP Net Income $ 26,146 $ 58,103 $ 39,577 $ 176,421 $ 222,028 ==================== ====== ==================== ==================== ====== ==================== ==================== ====== ==================== ==================== ======= ==================== ==================== ======= ==================== Earnings Per Share Reconciliation GAAP Diluted earnings per share $ 0.20 $ 0.63 $ 0.39 $ 1.65 $ 2.00 Effect of Amortization of acquisition intangibles - - - 0.01 0.01 Effect of Stock based compensation expense 0.09 0.10 0.09 0.35 0.31 Effect of International sales reorganization charges - - 0.01 - - Effect of Restructuring and other costs, net - - - (0.01 ) 0.05 Effect of Patent settlements, net - - - 0.01 - Effect of Provision for income taxes 0.12 0.16 0.10 0.68 0.87 -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- Non-GAAP Diluted earnings per share $ 0.41 $ 0.89 $ 0.59 $ 2.69 $ 3.24 ==================== ====== ==================== ==================== ====== ==================== ==================== ====== ==================== ==================== ======= ==================== ==================== ======= ==================== Operating Income Reconciliation GAAP Operating Income $ 20,060 $ 52,786 $ 33,805 $ 155,016 $ 200,830 GAAP Operating Profit 13 % 24 % 16 % 22 % 25 % Amortization of acquisition intangibles 217 275 - 492 604 Stock compensation expense - COGS 287 332 296 864 751 Stock compensation expense - R&D 2,546 2,834 2,976 10,392 10,550 Stock compensation expense - SG&A 2,712 2,850 2,462 11,818 10,195 International sales reorganization charges - - 442 - 395 Restructuring and other costs, net (26 ) 12 - (598 ) 3,539 Gain on asset sale - - - - (247 ) Patent settlements, net - - - 695 - -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- Non-GAAP Operating Income $ 25,796 $ 59,089 $ 39,981 $ 178,679 $ 226,617 ==================== ====== ==================== ==================== ====== ==================== ==================== ====== ==================== ==================== ======= ==================== ==================== ======= ==================== Non-GAAP Operating Profit 17 % 27 % 19 % 25 % 28 % Operating Expense Reconciliation GAAP Operating Expenses $ 53,308 $ 51,063 $ 49,809 $ 201,147 $ 194,361 Amortization of acquisition intangibles (217 ) (275 ) - (492 ) (604 ) Stock compensation expense - R&D (2,546 ) (2,834 ) (2,976 ) (10,392 ) (10,550 ) Stock compensation expense - SG&A (2,712 ) (2,850 ) (2,462 ) (11,818 ) (10,195 ) International sales reorganization charges - - (442 ) - (395 ) Restructuring and other costs, net 26 (12 ) - 598 (3,539 ) Gain on asset sale - - - - 247 Patent settlements, net - - - (695 ) - -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------ -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- Non-GAAP Operating Expenses $ 47,859 $ 45,092 $ 43,929 $ 178,348 $ 169,325 ==================== ====== ==================== ==================== ====== ==================== ==================== ====== ==================== ==================== ======= ==================== ==================== ======= ====================

View data
CIRRUS LOGIC, INC. CONSOLIDATED CONDENSED BALANCE SHEET unaudited; in thousands Mar. 29, Dec. 28, Mar. 30, 2014 2013 2013 ---------------------------------------------------- ---------------------------------------------------- ---------------------------------------------------- ASSETS Current assets Cash and cash equivalents $ 31,850 $ 74,690 $ 66,402 Restricted investments - - - Marketable securities 263,417 215,792 105,235 Accounts receivable, net 63,220 109,535 69,289 Inventories 69,743 69,985 119,300 Deferred tax asset 22,024 33,155 64,937 Other current assets 25,079 25,662 19,371 -------------------- --------- -------------------- -------------------- --------- -------------------- -------------------- --------- -------------------- Total Current Assets 475,333 528,819 444,534 Long-term marketable securities 89,243 37,115 64,910 Property and equipment, net 103,650 102,542 100,623 Intangibles, net 11,999 13,427 4,650 Goodwill 16,367 16,335 6,027 Deferred tax asset 25,065 17,354 16,671 Other assets 3,087 6,848 13,932 -------------------- --------- -------------------- -------------------- --------- -------------------- -------------------- --------- -------------------- Total Assets $ 724,744 $ 722,440 $ 651,347 ==================== ========= ==================== ==================== ========= ==================== ==================== ========= ==================== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 51,932 $ 60,493 $ 60,827 Accrued salaries and benefits 13,388 13,937 16,592 Other accrued liabilities 11,572 12,881 10,704 Deferred income on shipments to distributors 5,631 4,998 4,956 -------------------- --------- -------------------- -------------------- --------- -------------------- -------------------- --------- -------------------- Total Current Liabilities 82,523 92,309 93,079 Other long-term obligations 4,863 5,108 10,094 Stockholders' equity: Capital stock 1,078,878 1,069,113 1,041,834 Accumulated deficit (440,634 ) (443,322 ) (492,741 ) Accumulated other comprehensive loss (886 ) (768 ) (919 ) -------------------- --------- -------------------- -------------------- --------- -------------------- -------------------- --------- -------------------- Total Stockholders' Equity 637,358 625,023 548,174 -------------------- --------- -------------------- -------------------- --------- -------------------- -------------------- --------- -------------------- Total Liabilities and Stockholders' Equity $ 724,744 $ 722,440 $ 651,347 ==================== ========= ==================== ==================== ========= ==================== ==================== ========= ==================== Prepared in accordance with Generally Accepted Accounting Principles

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20140424006610r1&sid=cmtx6&distro=nx

SOURCE: Cirrus Logic, Inc.

Cirrus Logic, Inc.
Thurman K. Case, 512-851-4125
Chief Financial Officer
Investor.Relations@cirrus.com
👍️0
starbuxsux starbuxsux 10 years ago
Cirrus Logic beats by $0.12, beats on revs; guides Q4 revs below consensus

4:05 PM ET 1/28/14 | Briefing.com

Reports Q3 (Dec) earnings of $0.89 per share, excluding non-recurring items, $0.12 better than the Capital IQ Consensus Estimate of $0.77; revenues fell 29.4% year/year to $218.9 mln vs the $212.89 mln consensus.
Q3 Gross margin of 47.4%
Co issues downside guidance for Q4, sees Q4 revs of $130-150 mln vs. $175.84 mln Capital IQ Consensus Estimate; Gross margin is expected to be between 47-49%."While our business is typically driven by product cycles that weight our revenue more heavily towards the September and December quarters, we expect to exceed our operating profit goal of 20 percent in FY14 and we remain committed to this long-term target. We are extremely excited to be taping out a wave of new products in advanced geometries this year as we look to capitalize on strategic opportunities in audio with new and existing customers, especially the growing trend of voice as a powerful interface to a wide variety of devices. We anticipate these products will contribute to future revenue growth as early as calendar year 2015."
👍️0
starbuxsux starbuxsux 11 years ago
Cirrus Logic to Announce Q3 Results Jan. 28

AUSTIN, Texas--(BUSINESS WIRE)--January 09, 2014--
Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that the company will post its third quarter fiscal year 2014 financial results and business outlook on the investor relations area of its website on Tuesday, Jan. 28, at approximately 4 p.m. EST.

Cirrus Logic will host a live Q&A webcast session at 5 p.m. EST that same day to answer questions related to its financial results and business outlook. Shareholders who would like to submit a question to be addressed during the call are requested to email investor.relations@cirrus.com.

A replay of the Q&A session will be available on the website listed above beginning approximately two hours following the completion of the call or by dialing (404) 537-3406 or toll free at (855) 859-2056 (Access Code: 27210276).

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in Phoenix, Ariz., Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Cirrus Logic and Cirrus are trademarks of Cirrus Logic, Inc.


CONTACT: Cirrus Logic, Inc.
Thurman K. Case, 512-851-4125

Chief Financial Officer

Investor.Relations@cirrus.com


SOURCE: Cirrus Logic, Inc.
Copyright Business Wire 2014

Order free Annual Report for Cirrus Logic, Inc.

Visit http://djnweurope.ar.wilink.com/?ticker=US1727551004 or call +44 (0)208 391 6028

(END) Dow Jones Newswires

January 09, 2014 16:00 ET (21:00 GMT)

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starbuxsux starbuxsux 11 years ago
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$CRUS - BUYING MORE HERE!

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starbuxsux starbuxsux 11 years ago
$CRUS - Press Release: Cirrus Logic Reports September Quarter Revenue Up 23 Percent Sequentially to $190.7 Million

4:00 PM ET 10/29/13 | Dow Jones

Cirrus Logic Reports September Quarter Revenue Up 23 Percent Sequentially to $190.7 Million Delivers Strong Sequential Earnings Per Share and Operating Profit Growth

AUSTIN, Texas--(BUSINESS WIRE)--October 29, 2013--

Cirrus Logic, Inc. (Nasdaq: CRUS), a leader in high-precision analog and digital signal processing components, today posted on its investor relations website at http://investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the second quarter fiscal year 2014, which ended Sept. 28, as well as the company's current business outlook.

"Q2 was another great quarter for Cirrus Logic as portable audio continued to be a key driver of our success and we made significant progress on our strategic initiatives," said Jason Rhode, president and chief executive officer. "We are especially pleased with the addition of Acoustic Technologies to the Cirrus Logic team as they are expected to accelerate our progress toward our vision of being the preferred supplier of signal processing components."

Reported Financial Results -- Second Quarter FY14

-- Revenue of $190.7 million;

-- Gross margin of 52 percent;

-- GAAP operating expenses of $48.8 million and non-GAAP operating expenses

of $43.4 million; and

-- GAAP diluted earnings per share of $0.50 and non-GAAP diluted earnings

per share of $0.84.

A reconciliation of the non-GAAP charges is included in the tables accompanying this press release.

Business Outlook -- Third Quarter FY14

-- Revenue is expected to range between $200 million and $220 million;

-- Gross margin is expected to be between 45 percent and 47 percent; and

-- Combined R&D and SG&A expenses are expected to range between $50 million

and $54 million, which includes approximately $7 million in share-based

compensation and acquisition related items.

Cirrus Logic will host a live Q&A session at 5 p.m. EDT today to answer questions related to its financial results and business outlook. Participants may listen to the conference call on the Cirrus Logic website. Participants who would like to submit a question to be addressed during the call are requested to email investor.relations@cirrus.com. A replay of the webcast can be accessed on the Cirrus Logic website approximately two hours following its completion, or by calling (404) 537-3406, or toll-free at (855) 859-2056 (Access Code: 76914741).

Cirrus Logic, Inc.

Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company operates from headquarters in Austin, Texas, with offices in Phoenix, Ariz., Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.

Use of non-GAAP Financial Information

To supplement Cirrus Logic's financial statements presented on a GAAP basis, Cirrus has provided non-GAAP financial information, including operating expenses, net income, operating profit and diluted earnings per share. A reconciliation of the adjustments to GAAP results is included in the tables below. Non-GAAP financial information is not meant as a substitute for GAAP results, but is included because management believes such information is useful to our investors for informational and comparative purposes. In addition, certain non-GAAP financial information is used internally by management to evaluate and manage the company. The non-GAAP financial information used by Cirrus Logic may differ from that used by other companies. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP.

Safe Harbor Statement

Except for historical information contained herein, the matters set forth in this news release contain forward-looking statements, including our estimates of third quarter fiscal year 2014 revenue, gross margin, combined research and development and selling, general and administrative expense levels, share-based compensation expense and acquisition related items. In some cases, forward-looking statements are identified by words such as "expect," "anticipate," "target," "project," "believe," "goals," "opportunity," "estimates," "intend," and variations of these types of words and similar expressions. In addition, any statements that refer to our plans, expectations, strategies or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the following: the level of orders and shipments during the third quarter of fiscal year 2014, as well as customer cancellations of orders, or the failure to place orders consistent with forecasts; and the risk factors listed in our Form 10-K for the year ended March 30, 2013, and in our other filings with the Securities and Exchange Commission, which are available at www.sec.gov. The foregoing information concerning our business outlook represents our outlook as of the date of this news release, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

Cirrus Logic and Cirrus are trademarks of Cirrus Logic, Inc.



CIRRUS LOGIC, INC.

CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS

(unaudited)

(in thousands, except per share data)

Three Months Ended Six Months Ended

---------------------------------------- --------------------------

Sep. 28, Jun. 29, Sep. 29, Sep. 28, Sep. 29,

2013 2013 2012 2013 2012

------------ ------------ ------------ ------------ ------------

Q2'14 Q1'14 Q2'13 Q2'14 Q2'13

------------ ------------ ------------ ------------ ------------

Audio products $179,912 $143,666 $177,915 $323,578 $258,662

Energy products 10,759 11,459 15,859 22,218 34,118

------- ------- ------- ------- -------

Net revenue 190,671 155,125 193,774 345,796 292,780

------- ------- ------- ------- -------

Cost of sales 91,223 75,627 93,687 166,850 139,253

------- ------- ------- ------- -------

Gross Profit 99,448 79,498 100,087 178,946 153,527

Gross Margin 52.2% 51.2% 51.7% 51.7% 52.4%

Research and

development 29,722 28,530 29,468 58,252 54,378

Selling,

general and

administrative 19,215 19,198 20,194 38,413 38,253

Restructuring

and other

costs (154) (430) - (584) -

Patent

settlements,

net - 695 - 695 -

------- ------- ------- ------- -------

Total

operating

expenses 48,783 47,993 49,662 96,776 92,631

------- ------- ------- ------- -------

Operating income 50,665 31,505 50,425 82,170 60,896

Interest income,

net 201 158 131 359 258

Other expense,

net (38) (17) (40) (55) (63)

------- ------- ------- ------- -------

Income before

income taxes 50,828 31,646 50,516 82,474 61,091

Provision for

income taxes 17,461 11,004 15,067 28,465 18,715

------- ------- ------- ------- -------

Net income $ 33,367 $ 20,642 $ 35,449 $ 54,009 $ 42,376

======= ======= ======= ======= =======

Basic earnings

per share: $ 0.53 $ 0.33 $ 0.55 $ 0.85 $ 0.65

Diluted earnings

per share: $ 0.50 $ 0.31 $ 0.51 $ 0.82 $ 0.61

Weighted average

number of

shares:

Basic 63,217 63,363 64,924 63,329 64,697

Diluted 66,125 66,188 69,207 66,203 68,920





CIRRUS LOGIC, INC.

RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL INFORMATION

(unaudited, in thousands, except per share data)

(not prepared in accordance with GAAP)



(MORE TO FOLLOW) Dow Jones Newswires

October 29, 2013 16:00 ET (20:00 GMT)
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starbuxsux starbuxsux 11 years ago
$CRUS - Asymmetric Risk And Reward Make This Stock A Buy

http://seekingalpha.com/article/1778322-cirrus-logic-asymmetric-risk-and-reward-make-this-stock-a-buy?source=email_rt_article_readmore&app=1
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Penny_God Penny_God 11 years ago
Bought in @ $23.33 got some work to do
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Penny_God Penny_God 11 years ago
insider selling listed 15000.0 D $22.95
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guster0 guster0 11 years ago
My Internet play went to PANW. I LOVE INTERNET SECURITY! This one wasn't so reliant on one big customer. Missed by just a little and GOT CLOBBERED. Peeps are going to keep hacking and PANW IMHO has the POW to stop it.

GLTA!!!!!!!!!!!!!!!!!!!!!!!!!!!!
👍️0
starbuxsux starbuxsux 11 years ago
If you believe that AAPL will in fact release more "game changing" products into the market and CRUS remains a provider of theirs the hell-to-the-yea LONG ON CRUS!
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guster0 guster0 11 years ago
ok,
I did read some of the 10K and it scared me a little. Lots of reliance on Apple.

I was going to go long but after reading that I may pass.

I day traded first thing and made a few $ but going long????
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MASTERTRADER MASTERTRADER 11 years ago
I don't think anyone is running away. I traded again today from $17.17 to $17.56....
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guster0 guster0 11 years ago
Why is everyone running away?
I am thinking about a position in the AM tomorrow.
Anyone?
👍️0
MASTERTRADER MASTERTRADER 11 years ago
I sold at 17.78 in the morning....
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red roobio red roobio 11 years ago
take you profit and run, I believe we make new low soon
👍️0
MARINO MARINO 11 years ago
CRUS we close Green today !!
👍️0
MARINO MARINO 11 years ago
Agreed next week easy 5%+ gain
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starbuxsux starbuxsux 11 years ago
yes...I had my doubts about the announcement as well..this bounce play will be nice!
👍️0
MASTERTRADER MASTERTRADER 11 years ago
In 18k shares on Friday ave cost $17.38. Will wait till new Ipad announced unless I get 10-15% out of it within next week trading back and forth... I think the recent low margin announcement is done on purpose to buy back shares as low as possible. Wait few weeks to see some upgrades and painting a ROSY picture all over again.

Welcome to criminal Street called Wall! lol
👍️0
MARINO MARINO 11 years ago
This is only for a quick flip...if i can get a quarter out of it, im out
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starbuxsux starbuxsux 11 years ago
still thinking about it...
👍️0
MARINO MARINO 11 years ago
Oversold! Im in at $17.32
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starbuxsux starbuxsux 11 years ago
Chip maker Cirrus Logic Inc. (CRUS, $19.30, -$2.77, -12.55%) adjusted its business model for a lower gross margin view, citing increased pricing pressures in the smartphone market, according to an investor presentation in a regulatory filing. Cirrus also said that revenue for the fiscal year is likely to be affected by an expected decline in average selling prices.
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nycrew nycrew 11 years ago
You just have to love charts. CRUS

I feel we'll see a push towards the 23.60 area in the next week or two.

Got my CRUS May $21 Calls for an average of .2792 (LOL), so we'll see what happens.


19.89 - 23.48... Missed by 12 cents. LOL

The CALLS ran up past 2 bucks!

Well, it was fun here and I hope it goes up even more in the future for you longs!

GLTA!

NYCrew
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SilverSurfer SilverSurfer 11 years ago
Bernank Put market TO DA MOON ! AAPL back to Target 1000 and CRUS to 50
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starbuxsux starbuxsux 11 years ago
Seems at least here on iHub we're the only ones aware of that fact yet this trades for a fraction of AAPL...

For cryssakes these guys invented Siri if I'm not mistaken...isn't that worth another $5.00 per share alone??? lol
👍️0
SilverSurfer SilverSurfer 11 years ago
yes, thanks, if AAPL has a run ahead CRUS is the second derivative play and it has some catching up to do. glty
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nycrew nycrew 11 years ago
Hi SS. Well, going by the weekly chart for CRUS you can see that 3 weeks ago the 'weekly' low was 17.33... The next 'weekly' low (from 2 weeks ago) was 17.36... Sort of a double bottom... That right there was a good sign... But then it got better when this past week's low was 18, AND we had a weekly 'close' ABOVE the 'high' from the week before...

Great signs if you ask me... Not to mention Friday's crossing of the 20 day moving average on the 'daily' chart AND a close above it!...
To me it looks like the weekly MACD is turning positive as well.

I feel we'll see a push towards the 23.60 area in the next week or two.

Got my CRUS May $21 Calls for an average of .2792 (LOL), so we'll see what happens.

Hope that helped a little.

Have a great one Surfer,
NYCrew
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SilverSurfer SilverSurfer 11 years ago
nycrew, CRUS in a downtrend,,, what do you see that indicates "turn upwards" tia
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nycrew nycrew 11 years ago
CRUS - Thinking we might see a jump towards $24 in the next couple of weeks.

Weekly chart looks ready to turn upwards.

GLTA
👍️0

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