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Zacks' Bull Of The Day: Cirrus Logic

Cirrus Logic (CRUS) is a supplier of high-precision analog and digital signal processing components for a variety of audio, energy and industrial applications. The company develops solutions for industry leading global brands.

The company has a strong intellectual property portfolio with 2,100 patents issued and pending, which has driven the development of more than 1,100 products.

Cirrus Logic supplies complete audio solution from capture to playback. They also develop highly sophisticated embedded software solutions that help customers to differentiate their products with cutting-edge audio features, such as noise reduction, echo cancellation and voice enhancement.

Apple (AAPL) is reported to be their largest customer, accounting for 78% of the revenue in the recent quarter. Cirrus recently acquired Wolfson Microelectronics, which added some diversification to the revenue stream as Wolfson also supplies to Samsung (SSNLF) and other Android phone makers.

Founded in 1984, the company is headquartered in Austin, Texas, with ~1,100… Read More …