Stifel analyst Tore Svanberg noted that he had already lowered his estimates for Cirrus Logic on November 13 as a result of other supply chain members cutting their own projections, stating that he believes Cirrus' lowering of its December quarter guidance last night was expected. Following Cirrus' pre-announcement, Svanberg maintained his revenue estimates but slightly raised his non-GAAP EPS estimate due to the company's slightly lower opex guidance. Stating that he thinks 2019 could prove to be an inflection year for the company's Android business, Svanberg keeps a Buy rating and $45 price target on Cirrus shares.