The integrated circuit company’s revenues rose 7% to $99 million from $92.24 million at this time last year. They project revenues to be between $170 and $190 million, above analysts’ estimates of $129.65.
Cirrus produces chips that are in nearly every Apple (AAPL) product. Considering that the iPhone 5 is due to release this winter, I think that Cirrus would be a great buy, as CRUS and AAPL are positively correlated and I am bullish on AAPL.
David Cornes holds a degree in economics from the University of Montana.
