Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of audio chip maker Cirrus Logic
So what: Cirrus Logic last night said it expects to report revenue of $122 million for the third quarter, a 28% jump from the year-ago period. This compares to the company's own previous guidance of $102 million to $108 million, and Wall Street's estimate of $105.1 million. But, Cirrus didn't stop there. The company also guided fourth-quarter revenue to $105 million, which would represent 15% year-over-year growth and a nice leap ahead of the current Street estimate of $98.5 million.
Now what: As long as Cirrus Logic continues to find ways to keep its products incorporated into Apple's
Craving more input? Start by adding Cirrus Logic to your free and personalized watchlist so you can keep up with the latest news from the company.