According to a recent study, for about half of the 4 hours and 23 minutes we spend on our mobile devices every day, we listen to audio or watch videos.
Consumers want the best sound quality when we watch or listen.
We all have our favorite brand of headphones. (I’m a Beats fan.)
The chart above shows the number of headphones purchased and shipped worldwide from 2019 to 2024.
By 2024, that number will be boost 69.3%.
All of these headphones require special technology to create a first-class listening experience.
I found a company that provides such technology.
Today’s power share is Cirrus Logic Inc. (NASDAQ: CRUS)A global provider of technology used in headphones, earphones and sound systems for smartphones.
Now, Cirrus produces semiconductors.
But its chips are found in smartphones, wireless headphones, headphones, laptops and car entertainment systems.
Cirrus Logic shares receive a “strong bull” rating 93 out of 100 On our stock power rating system, and we expect it to beat the broad market 3 times in the next 12 months.
CRUS inventory: “Strong bull” quality and growth.
Cirrus Logic just closed a monster sleep.
- The company reported revenue of $ 1.78 billion – 30% increase over last year.
- Of the $ 490 million it earned in the last quarter, 77% came from her business With Apple Ltd. (NASDAQ: AAPL).
CRUS is an inventory of exceptional quality – Top 1% rating Of all the stocks we rank according to the index.
The return on capital is 21.8%, that is Three times the industry average. The company’s return on investment is 19.8% stable – almost five times the 4.1% average for members.
CRUS’s operating margin is strong at 20.6%, while its peers average Negative 2.8%.
The company’s growth is also great: the annual growth rate of its sales is 30.1%, and the growth rate of its earnings per share (EPS) is 52.5%.
Over the past 12 months, CRUS has fallen by 8%. But it rose 2% a day after reaching a 52-week low in late June.
The stock beats its semiconductor production peers, whose stocks have fallen 13.1% on average over the same time frame.
Cirrus Logic Inc Stock Scores 93 in total On our proprietary stock rating system.
That means we are “strong bulls” and expect it to beat the broad market At least three times in the next 12 months.
We love listening to music and videos on our smartphones.
We want the best audio experience when we do that.
Cirrus Logic is a leader in providing technology to enhance this experience – and is a strong competitor to your portfolio.
Stay up to date: stock up on “strong bulls” food and drink.
Remember: We are advertising Stock daily power Five days a week to give you access to the top companies our proprietary stock rating recognizes!
Stay tuned for the next issue, where I will share all the details about a great drinks company.
Matt Clark, CMSA®
Researcher, Money and Markets Analyst
post Scriptum I got a comment about Stock daily power? Reach my team and me at any time b [email protected].
CRUS 🎧 Stock: Solutions for Best Mobile Sound Source link CRUS 🎧 Stock: Solutions for Best Mobile Sound