Why Cirrus Logic Is Poised to Bounce Back
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, audio chip specialist Cirrus Logic has earned a respected four-star ranking.
With that in mind, let's take a closer look at Cirrus and see what CAPS investors are saying about the stock right now.
Austin, Texas (1984)
CEO Dr. Jason Rhode (since 2007)
CFO Thurman Case (since 2007)
Return on Equity (average, past 3 years)
$134.6 million / $0
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 96% of the 718 members who have rated Cirrus believe the stock will outperform the S&P 500 going forward.
Cirrus has had a 35%+ pull-back over the last few months. This after beating last qtr's estimates and signaling high expectations for the coming qtr with their words and actions (ie share buy back). They are tied to the hip with Apple and I don't see that as a liability; think iphone5/ipad mini and Christmas/China. Cirrus should come roaring back.
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The article Why Cirrus Logic Is Poised to Bounce Back originally appeared on Fool.com.Fool contributor Brian Pacampara has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple and Cirrus Logic. Motley Fool newsletter services recommend Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.