Complete data analysis of good business: Cirrus Logic, Inc. (NASDAQ: CRUS)

On Friday, Cirrus Logic, Inc. (NASDAQ: CRUS) stock observed trading -14.71% off 52-week high price. On the other end, the stock has been noted 109.83% away from low price over the last 52-weeks. The stock disclosed a move of -1.97% away from 50 day moving average and 33.57% away from 200 day moving average. Moving closer, we can see that shares have been trading -5.22% off 20-day moving average. It has market cap of $4993M and dividend yield of # ref.

Cirrus Logic, Inc. (CRUS) recently quarterly Shareholder Letter that contains the complete financial results for the third quarter fiscal year 2020, which ended Dec. 28, 2019, as well as the company’s current business outlook.

“Cirrus Logic’s revenue for the December quarter exceeded guidance as we experienced higher-than-anticipated volumes for certain components shipping into smartphones,” stated Jason Rhode, chief executive officer. “During the quarter, development activities across existing and new product categories progressed, and the company continued to execute on key planned initiatives. With a compelling pipeline of products addressing audio, voice and other signal-processing applications, we believe Cirrus Logic is well positioned for long-term success.”

Stated Financial Results – Third Quarter FY20

Revenue of $374.7M;

GAAP and non-GAAP gross margin are 52.7 percent and 52.8, respectively;

GAAP operating expenses of $124.8M and non-GAAP operating expenses of $103.2M; and

GAAP earnings per share of $1.13 and non-GAAP earnings per share of $1.41.

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

Business Outlook – Fourth Quarter FY20

Revenue is predictable to range between $250M and $290M;

GAAP gross margin to be between 51 percent and 53 percent; and

Combined GAAP R&D and SG&A expenses to range between $115M and $121M, including about $14M in stock-based compensation expense and $3M in amortization of purchased intangibles;

GAAP operating expense is predictable to include a restructuring charge of about $22M.

The USA based company Cirrus Logic, Inc. moved with change of -0.43% to $78.15 with the total traded volume of 830146 shares in recent session versus to an average volume of 691.79K. CRUS’s shares are at 13.99% for the quarter and driving a 104.10% return over the course of the past year and is now at -5.17% since this point in 2018. The average volatility for the week and month was at 2.97% and 3.45% respectively.Cirrus Logic, Inc.,CRUS

Jasmine Gerber

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