Cirrus Logic Tanks 19% in a Month: Buy, Sell or Hold CRUS Stock?
Cirrus Logic(CRUS) ZACKS·2024-11-19 23:40
Cirrus Logic, Inc. (CRUS) stock has declined 19.3% in the past month, underperforming its sub-industry and the Zacks Computer and Technology sector’s decline of 7.8% and 0.9%, respectively. The S&P 500 Index has returned 0.6% in the same period. The stock has taken a beating (down 8.7%) after reporting second-quarter fiscal 2025 results on Nov. 4.One-Month Price Performance ChartImage Source: Zacks Investment ResearchRecent investor concerns are mainly due to lower-than-expected guidance for the current qua ...