Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Cirrus Logic, Inc.    CRUS

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Cirrus Logic, Inc. : Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Cirrus Logic, Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/14/2013 | 12:10am CEST

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the common stock of Cirrus Logic, Inc. ("Cirrus" or the "Company") (NASDAQ: CRUS) between July 31, 2012 and October 31, 2012, inclusive (the "Class Period").

Cirrus develops signal-processing integrated circuits for audio and energy markets. The Company's audio products include amplifiers, codecs, converters and digital signal processors for such applications as smartphones, tablets, home theater equipment, automotive entertainment systems and professional audio gear. The Complaint alleges that throughout the Class Period the defendants misrepresented and/or failed to disclose that: (1) the Company's dependence for revenues on its biggest customer -- Apple, Inc. -- was increasing rather than diminishing; (2) the Company's sales growth was declining rather than increasing; (3) difficulties in its supply chain, and at its vendors, were increasing Cirrus's costs and diminishing the Company's profit margins; (4) the launch of several models of Cirrus's new LED lighting had been delayed; and (5) as a result, Cirrus's increased fiscal 2013 guidance was not attainable.

No class has yet been certified in this action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Cirrus common stock during the Class Period, you have certain rights, and have until April 5, 2013 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to [email protected], or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
(310) 201-9150 or (888) 773-9224
[email protected]
www.glancylaw.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CIRRUS LOGIC, INC.
10/05 CIRRUS LOGIC : Patent Issued for Multi-Path Analog Front End and Analog-To-Digit..
10/05 CIRRUS LOGIC : Patent Issued for Source Audio Acoustic Leakage Detection and Man..
10/04 CIRRUS LOGIC : to Announce Q2 Results November 2
09/28 CIRRUS LOGIC : Patent Issued for Controller for Imposing Current Limits on a Boo..
09/25 CIRRUS LOGIC, INC. (NASDAQ : CRUS) Files An 8-K Departure of Directors or Certai..
09/22 CIRRUS LOGIC INC : Change in Directors or Principal Officers (form 8-K)
09/21 CIRRUS LOGIC : Patent Issued for Systems and Methods for Fabricating a Polycryst..
09/21 CIRRUS LOGIC : Patent Issued for Phase Shorting Switch (USPTO 9762257)
08/31 CIRRUS LOGIC : Patent Issued for Circular Buffer Descriptor for Describing And/O..
08/24 CIRRUS LOGIC : Patent Issued for Charge Pump-Based Drive Circuitry for Bipolar J..
More news
News from SeekingAlpha
10/17 Featured Stocks In October's Most Attractive/Most Dangerous Model Portfolios
10/09 VALUATION DASHBOARD : Technology And Telecom - Update
10/09 CIRRUS LOGIC : The Impact Of Apple's New iPhones
10/06 35 Stocks For October 2017
10/02 New Plays In Artificial Intelligence
Financials ($)
Sales 2018 1 639 M
EBIT 2018 407 M
Net income 2018 253 M
Finance 2018 470 M
Yield 2018 -
P/E ratio 2018 14,86
P/E ratio 2019 14,94
EV / Sales 2018 1,87x
EV / Sales 2019 1,64x
Capitalization 3 535 M
Chart CIRRUS LOGIC, INC.
Duration : Period :
Cirrus Logic, Inc. Technical Analysis Chart | CRUS | US1727551004 | 4-Traders
Technical analysis trends CIRRUS LOGIC, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 68,9 $
Spread / Average Target 24%
EPS Revisions
Managers
NameTitle
Jason P. Rhode President, Chief Executive Officer & Director
Alan R. Schuele Chairman
Thurman K. Case CEO, Treasurer, CAO & Vice President
William D. Sherman Independent Director
John C. Carter Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CIRRUS LOGIC, INC.-2.02%3 535
SKYWORKS SOLUTIONS43.77%19 723
MEDIATEK INC.--.--%16 462
SANAN OPTOELECTRONICS CO.,LTD76.70%15 162
UNIVERSAL DISPLAY CORPORATION144.32%6 469
GLOBALWAFERS CO LTD--.--%4 970