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Cirrus Logic ( (CRUS) ) has issued an update.
Cirrus Logic has appointed Jeff Woolard as the new Chief Financial Officer, effective February 24, 2025. Woolard brings extensive experience from his previous roles at Velocity Global, Solidigm, and Intel Corporation. In conjunction with this appointment, Ulf Habermann will step down as interim CFO but will continue to serve as Principal Accounting Officer. Additionally, Cirrus Logic reported third-quarter fiscal year 2025 revenue of $555.7 million, exceeding guidance due to strong demand for smartphone audio components and expansion in the laptop market. The company anticipates revenue between $350 million and $410 million for the fourth quarter, with a gross margin forecasted between 51% and 53%.
More about Cirrus Logic
Cirrus Logic is a leader in low-power, high-precision mixed-signal processing solutions, offering innovative user experiences for mobile and consumer applications. The company is headquartered in Austin, Texas, and is recognized globally for its award-winning corporate culture.
YTD Price Performance: -0.11%
Average Trading Volume: 687,275
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.28B
For a thorough assessment of CRUS stock, go to TipRanks’ Stock Analysis page.
