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Stock Market & Financial Investment News

News Breaks
June 12, 2014
06:12 EDTAPIAdvanced Photonix upgraded to Buy from Neutral at B. Riley
Price target is 80c.
News For API From The Last 14 Days
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January 30, 2015
06:14 EDTAPIPhilips: Smart LED lighting to drive demand in 3-4 years, DigiTimes reports
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January 28, 2015
05:58 EDTAPIGlobal demand for fine-pitch LED display panels up 70% in 2014, DigiTimes says
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January 20, 2015
16:09 EDTAPICree says LED lighting market still in early stages
Cree (CREE) CEO Chuck Swoboda said in the company's earnings release, "We made solid progress in Q2 with operating margin higher than targeted due to an improvement in gross margins in our lighting business. The market for LED lighting is still in the early stages, our new product pipeline is strong, sales momentum is building and our brand is growing in the market. As evidenced by our significant share repurchases in Q2, we believe we are on the right track to continue to grow the company and increase profits over the next several years." Cree peers include SemiLEDs (LEDS) and Acuity Brands (AYI). Cree shares are up 6% in after-hours trading to $34.40 after reporting better than expected Q2 results.
13:55 EDTAPIAdvanced Photonix unit announces 100G orders from Asian customer
Picometrix, an Advanced Photonix company, announced that it has successfully completed its semi-annual negotiations to supply high-speed 100G coherent optical receivers, the CR-100D, to a leading Asian based OEM telecom systems customer. The company estimates revenue of approximately $3M during the first 6 months of FY 2016 and has received the first month's order of approximately $500K. "We are seeing growing demand for our 100G coherent receivers from our Asian customers as they accelerate deployment of 100G in the long haul and metro markets," commented Robin Risser, General Manager of Picometrix and COO of API. "We are pleased to enter FY2016 with substantial momentum in our 100G coherent optical receiver platform given our recent successful negotiations with two of our leading customers, one in Asian and the other in Europe. This positions us well for revenue growth in our 100G coherent optical receiver products for FY16."

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