1) More and more people are getting crazy nowadays, they are crazy for Apple products. Everywhere I go people are carrying I Pad, I Phone, I Pod and I Mac. It is madness, people do not really care whether they have money in their pocket, all they care is at least 1 of the I product is in their pocket. This is Madness! The good news is most of the I products have Cirrus Logic Chip in it.
2) It is Apple fever now and I dont expect it to end soon. I will say that this madness will continue for another 2 years, so as the uptrend for Cirrus Logic.
3) I have read in one article about Cirrus Logic and it mentioned that not only Apple will use Cirrus Logic Chip for its I Phone 5 and I Pad 2, it will use more as more specs/functions are integrated into Cirrus Logic chip and it will be able to charge higher prices.
4) My sixth sence and technical analysis is telling me that Cirrus will hit $30 and above in 1 year time.
Only time will tell whether this website - The Market Oracle is really the Oracle that can be able to see the future.
Good luck and happy trading.
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EARNINGS PREVIEW: CIRRUS LOGIC'S QUARTERLY RESULTS WILL BE REPORTED IN 3 DAYS (CRUS)
Jan 24, 2011 (SmarTrend(R) News Watch via COMTEX) -- Analysts, on average, expect Cirrus Logic (NASDAQ:CRUS) to report earnings of $0.32 per share on sales of $92 million on January 27, 2011.
For the full year, analysts expect the company to post EPS of $1.28. In the year-ago period, the company reported EPS of $0.17 on sales of $65 million.
In the previous quarter, the company reported EPS of $0.40, missing consensus estimates of $0.42.