Cirrus Logic 's (NASDAQ: CRUS) mini stock market rally came to a screeching halt at the end of April after the chipmaker's fourth-quarter results and guidance failed to pass muster. Investors immediately pressed the panic button after it came out that Apple 's (NASDAQ: AAPL) terrific iPhone sales wouldn't benefit a company that gets a huge chunk of its revenue from the iPhone maker.
The semiconductor specialist saw its shares fall close to 18% after the earnings report. But savvy investors shouldn't miss the factors that could help Cirrus Logic regain its mojo and soar once again.
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2 Reasons to Buy This Tech Stock After Its Latest Pullback