Cirrus Logic Stock Seems Risky, but Rewarding
Cirrus Logic (NASDAQ: CRUS) is enjoying a revival this year. Investors have been bidding the stock up since the beginning of 2019, which seemed a tad surprising earlier on, given that there wasn't much of a turnaround in its prospects and key customer Apple (NASDAQ: AAPL) had given it the cold shoulder.
But investors have kept their faith in the audio-chip specialist as it managed to show some improvements last quarter. Cirrus' revenue erosion has been slowing, and now, the company seems to have stumbled upon one more catalyst that could ensure its high-flying market run continues.
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Source Fool.com
