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 semiconductor designer Cirrus Logic
So what: Cirrus missed analyst targets on both the top and bottom lines in the second quarter and then compounded the problem by guiding to lower sales for the next period. However, $100.6 million in revenue was well within management guidance for this period and above the average analyst target at the time of the first-quarter report.
Now what: Largest customer Apple
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