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Thursday, October 21, 2010

We Didn't Reinvent The Circus (NASDAQ: CRUS)

Cirrus Logic Inc. (NASDAQ: CRUS) reports before the opening bell today. Analysts are expecting the company to earn $0.42 per share with the high estimate being $0.43. Revenue is expected to be $101.28 million. A large estimate beat could send the stock soaring. However investors have been skeptical that Apple's next products may not include the circuit maker as much as before. The stock has been trading range bound between $15 and $17 for quite some time. Perhaps the quarterly report will give some clarification.

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