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 CET

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 shareholders@glancylaw.com, 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
shareholders@glancylaw.com
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.
01/06 CIRRUS LOGIC : to Announce Q3 Results Feb. 1
01/06 CIRRUS LOGIC : Patent Issued for Systems and Methods for Suppressing Audio Noise..
2016 INSIDER TRADING ACTIVITY CIRRUS LOGI : CRUS) – VP Sold 2,476 shares of Sto..
2016 CIRRUS LOGIC : Patent Issued for Multi-Path Analog Front End and Analog-To-Digit..
2016 CIRRUS LOGIC : Assigned Patent
2016 CIRRUS LOGIC : Helen of Troy (HELE) Appoints Thurman Case to Board of Directors
2016 CIRRUS LOGIC : Patent Issued for Boost Converter Voltage Controlled Based on Aud..
2016 CIRRUS LOGIC : Newest Smart Codec Expands Advanced Audio Features Beyond Flagshi..
2016 THURSDAY SECTOR LAGGARDS : Semiconductors, Application Software Stocks
2016 CIRRUS LOGIC : Patent Issued for Resistance Measurement of a Resistor in a Bipol..
More news
Sector news : Integrated Circuits
01/12DJSmartphones Turn to Software Advances -- WSJ
01/11DJINTEL : Computer Chips Evolve to Keep Up With Deep Learning
01/11DJThe Next Big Thing in Smartphones? The Software
01/11 Trump rally makes stock options great again for some CEOs
01/11 Trump rally makes stock options great again for some CEOs
More sector news : Integrated Circuits
News from SeekingAlpha
01/12 VALUATION DASHBOARD : Technology And Telecom - Update
01/03 Analyzing Recent Cirrus Logic News And Fiscal Year 2017 Financials
01/03 The Best 29 Stocks For 2017
2016 Report on Apple production cut ripples through tech sector
2016 MARK HIBBEN POSITIONS FOR 2017 : Challenges And Opportunities For Tech
Advertisement
Financials ($)
Sales 2017 1 517 M
EBIT 2017 360 M
Net income 2017 214 M
Debt 2017 251 M
Yield 2017 -
P/E ratio 2017 17,58
P/E ratio 2018 16,10
EV / Sales 2017 2,58x
EV / Sales 2018 2,47x
Capitalization 3 656 M
More Financials
Chart CIRRUS LOGIC, INC.
Duration : Period :
Cirrus Logic, Inc. Technical Analysis Chart | CRUS | US1727551004 | 4-Traders
Full-screen chart
Technical analysis trends CIRRUS LOGIC, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 64,4 $
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jason P. Rhode President, Chief Executive Officer & Director
Alan R. Schuele Chairman
Thurman K. Case CFO, Treasurer, CAO & Investor Relations Contact
William D. Sherman Independent Director
John C. Carter Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CIRRUS LOGIC, INC.1.49%3 656
SKYWORKS SOLUTIONS INC4.92%14 555
MEDIATEK INC.--.--%10 564
SANAN OPTOELECTRONICS ..2.61%8 306
VANGUARD INT'L SEMICON..--.--%2 909
UNIVERSAL DISPLAY CORP..3.37%2 734
More Results