Cirrus Logic to Announce Third Quarter Fiscal 2023 Results

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Cirrus Logic ($NASDAQ:CRUS) Inc. is a leading provider of innovative, high-performance analog, mixed-signal and embedded processing solutions. It specializes in audio, voice, and other advanced embedded processing solutions for the world’s top mobile and consumer devices. As one of the most successful semiconductor companies, Cirrus Logic Inc. has earned its reputation as a global leader in designing and developing innovative integrated circuits (ICs) used in products that consumers use every day. Cirrus Logic Inc. recently announced that they will be releasing their Third Quarter Fiscal 2023 results. The company has seen impressive growth over the past few quarters and investors will be eager to see the results from their upcoming report. The report will be closely monitored by investors who have been following the company’s progress and will be interested in understanding the financial performance of the quarter.

The report will also include a detailed analysis of the company’s performance in terms of revenue, profits, expenses, cash flow, and other metrics related to the company’s financial performance. The Third Quarter Fiscal 2023 results will be released by Cirrus Logic Inc. in the coming weeks and investors are expecting to see a strong performance from the company as they continue to expand their business operations. Investors will also be looking to see if there have been any major changes to the company’s strategy or operations over the past quarter as well as any new products or services that have been launched. The report will provide investors with an insight into the current state of the company and will be an important indicator of the company’s future performance.

Market Price

The company, which specializes in designing and manufacturing analog and mixed-signal integrated circuits for audio, video, and industrial applications, has seen its stock open at $85.3 and close at a slightly lower price of $85.1, down by 0.9% from the previous closing price of $85.9. The company’s quarterly report will include key metrics such as revenue, earnings per share, cash flow, and balance sheet metrics, as well as any potential updates on their product or service offerings. Investors will be keen to learn how Cirrus Logic Inc.’s performance in the third quarter stacks up against its rivals and whether the company is on track to meet their targets for the financial year. Cirrus Logic Inc. has a strong track record when it comes to delivering results, and they have consistently outperformed analysts’ expectations in the past. As such, investors will be looking for the company to maintain their trend of strong performance in the coming quarter. If Cirrus Logic Inc. can meet or exceed expectations, this could lead to a further rise in their share price once the report is released.

In addition to the financials, investors will be interested to hear about the company’s plans for the future. Cirrus Logic Inc. has been making investments in digital signal processing technology, which could give them an edge over their competitors going forward. It will be interesting to see how their investments are panning out and what new products and services they are planning to launch in the coming months. Overall, investors will be closely watching the results of Cirrus Logic Inc.’s third quarter report to gain insights into their financial health and any potential new products or services that could provide a boost to the company’s bottom line. As such, Thursday’s announcement should provide some much-needed clarity for investors looking to gain an edge in the market. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cirrus Logic. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cirrus Logic. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cirrus Logic. More…

Key Ratios Snapshot

Some of the financial key ratios for Cirrus Logic are shown below. More…

VI Analysis

Company fundamentals are key to any investor’s decision making process, helping to identify the long-term potential of a company. The VI app simplifies this process by quickly analysing companies and providing an easy to understand evaluation. Using the VI Star Chart, CIRRUS LOGIC has a health score of 10/10 and looks in a strong position to endure any crisis without the risk of bankruptcy. The company is strong in terms of assets and growth, as well as profitability, although it is weak in terms of dividend. CIRRUS LOGIC is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. CIRRUS LOGIC’s strong fundamentals make it an attractive option for a variety of investors. Those with a long term investment horizon, who are looking to benefit from the company’s growth over time, will likely find CIRRUS LOGIC an attractive option. Similarly, investors who are interested in capital appreciation, instead of income generation, will also be interested in the potential CIRRUS LOGIC holds. Finally, those looking for a form of portfolio diversification may also be interested in the potential of CIRRUS LOGIC. More…

VI Peers

The company’s competitors include Sequans Communications SA, United Microelectronics Corp, and Globetronics Technology Bhd.

– Sequans Communications SA ($NYSE:SQNS)

Sequans Communications S.A. provides wireless connectivity solutions for the Internet of Things and 4G/5G applications. The company operates in two segments, Mobile Broadband and Enterprise & IoT. It offers its solutions for cellular, Wi-Fi, and short range applications, as well as for various connected devices, including cellular routers and gateways, customer premises equipment, and automotive and transportation applications.

– United Microelectronics Corp ($TWSE:2303)

As of 2022, United Microelectronics Corp has a market cap of 501.15B and a Return on Equity of 18.27%. The company is a leading global semiconductor foundry that provides advanced technology and manufacturing services to semiconductor companies worldwide. The company’s technology platforms include: advanced process technologies, memory technologies, mixed-signal/analog technologies, and specialty technologies.

– Globetronics Technology Bhd ($KLSE:7022)

As of 2022, Globetronics Technology Bhd has a market cap of 769.86M and a Return on Equity of 11.1%. The company is engaged in the design, manufacture and sale of semiconductor products and precision components. It offers a range of services including research and development, engineering, testing and assembly.

Summary

Cirrus Logic Inc. is set to announce their fiscal 2023 third quarter results. The company is a leading supplier of high-performance analog and mixed-signal integrated circuits (ICs) for audio and voice signal-processing applications. Investing in Cirrus Logic can be a great opportunity as the company is well-positioned to capitalize on the growing demand for audio and voice-enabled products. They have a long history of innovation and high customer loyalty, and their products are used in a wide range of consumer electronics and automotive products.

Analysts expect their revenues to continue to grow in the future, and their share price has outperformed the market over the past year. Investors should consider factors such as the financial health of the company, its competitive advantages in the industry, and its strong growth potential when considering whether to invest in Cirrus Logic.