THINKING MARKET REBOUNDS NEXT WEEK? BEST PLAY CRUS
Cirrus Logic is a semiconductor company that develops signal processing integrated circuits for audio and energy markets. This company gets over half of its revenue from Apple and is a key component maker for the iPhone5. The stock reacted negatively to this positive earnings news as the company said it expects its revenue for its March quarter to be down 15 percent sequentially due to the cyclical nature of its business.
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