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What: Unlike their high-flying, cloudy namesakes, shares of audio chip expert Cirrus Logic
So what: Fourth-quarter earnings missed analyst targets by $0.02 per share and first-quarter sales guidance also disappointed the Street. It's the second earnings miss in the last three quarters, following a string of 10 straight meet-or-beat reports.
Now what: Cirrus shares are down more then 34% since the February peak, which coincides on an almost-spooky level with focal customer Apple
Interested in more info on Cirrus Logic? Add it to your watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. Apple is a Motley Fool Stock Advisor selection. Motley Fool Options has recommended a bull call spread position on Apple. The Fool owns shares of Apple, and Cirrus Logic. 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 is investors writing for investors.