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Cirrus Logic Expects Slow Growth This Year

TheMotleyFool 
0 0 04.11.17
Cirrus Logic Expects Slow Growth This Year
 
Cirrus Logic Expects Slow Growth This Year

Audio-chip developer Cirrus Logic (NASDAQ: CRUS) reported its fiscal second-quarter results after the market closed on Nov. 2. Revenue was down a hair year over year, while the company's dependence on Apple increased compared to the first quarter.

Cirrus sees a small revenue increase in the third quarter, and the company expects to produce modest revenue growth for the fiscal year. Here's what investors need to know about Cirrus' second-quarter report.

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Source: Fool.com

Cirrus Logic Inc. Stock

€114.00
11.320%
A very strong showing by Cirrus Logic Inc. today, with an increase of €12.00 (11.320%) compared to yesterday's price.
Cirrus Logic Inc. is currently one of the favorites of our community with 20 Buy predictions and no Sell predictions.
However, we have a potential of -2.63% for Cirrus Logic Inc. as the target price of 111 € is below the current price of 114.0 €.
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