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News For CREE;ISRG;TPX;FFIV;MDRX From The Last 14 Days
Check below for free stories on CREE;ISRG;TPX;FFIV;MDRX the last two weeks.
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August 12, 2014
16:05 EDTCREECree sees Q1 EPS 40c-45c , consensus 46c
Sees Q1 revenue $440M-$465M, consensus $469.78M. Sees Q4 non-GAAP gross margin to be 37.5%+/-.
16:03 EDTCREECree reports Q4 EPS 42c, consensus 41c
Reports Q4 revenue $436M, consensus $444.11M. Reports Q4 non-GAAP gross margin 37.9%.
15:53 EDTCREECanaccord to hold a conference
34th Annual Growth Conference to be held in Boston on August 13-14.
15:39 EDTCREECree August 49 straddle priced for 8.7% move into Q4
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15:23 EDTCREENotable companies reporting after market close
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14:54 EDTCREECree technical comments ahead of earnings
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14:35 EDTCREEEarnings Preview: Cree upgraded at Gabelli, Oppenheimer since last report
Cree (CREE) is expected to report fourth quarter earnings after the close on Tuesday, August 12, with a conference call scheduled for 5:00 pm ET. Cree develops and manufactures lighting-class light emitting diode products, traditional lighting products and semiconductor products for power and radio-frequency applications. EXPECTATIONS: Analysts are looking for earnings per share of 41c on revenue of $444.11M. The consensus range is 38c-43c for EPS on revenue of $435.0M-$448.2M, according to First Call. Last quarter, Cree said it expects Q4 EPS of 38c-44c on revenue of $430M-$460M. The company also forecast its non-GAAP gross margin to be near 37.5% in Q4. LAST QUARTER: Cree reported third quarter EPS of 39c, beating the consensus estimate by 1c. Revenue last quarter came in at $405.3M, which fell short of the consensus $407.3M projection. STREET RESEARCH: On the day after Cree's last quarterly report, Summit Research upgraded the stock to Buy from Hold and placed a $65 price target on the stock. That same day, analysts at Goldman said Cree reported a "solid" Q3 and that they were encouraged by the company's top-line trends. The firm said at that time that they continued to believe Cree's potential leverage was unappreciated and maintained a Buy rating on the stock, but the firm lowered its price target on Cree shares to $66 from $72. On May 8, Gabelli upgraded Cree to Buy from Hold, citing valuation and its leading position in the LED lighting space. On July 3, Cree was upgraded to Outperform from Perform at Oppenheimer. The firm, which placed a $59 price target on the stock, said the company is the best pure play on LED lighting adoption and that it viewed the shares as undervalued at its levels at that time. PRICE ACTION: Over the last three months, Cree shares have rallied over 6%. However, the stock is down more than 21% year-to-date. In afternoon trading ahead of tonight's report, Cree is down more than 1% to $49.08.
August 11, 2014
08:48 EDTCREECree August volatility elevated into Q4 and outlook
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August 8, 2014
09:15 EDTMDRXAllscripts profitability poised to expand significantly, says Sterne Agee
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August 7, 2014
16:12 EDTMDRXAllscripts reports Q2 EPS 9c, consensus 9c
Reports Q2 revenue $354M, consensus $352.6M.
August 6, 2014
14:53 EDTCREECree August volatility elevated into Q4 and outlook
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