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Stock Market & Financial Investment News

News Breaks
June 18, 2014
06:28 EDTLEDS, CREE, VECO, AIXGChinese LED makers taking share, NY Times says
Chinese LED manufacturers are taking share from their rivals from other countries, as demand for LED lighting surges, according to The New York Times. Some believe that Chinese companies will largely take over the space, but the newspaper says that Western companies have some advantages over their Chinese rivals. Companies that produce LED products or equipment used to make LED products include Cree (CREE), Veeco Instruments (VECO), Aixtron (AIXG), and SemiLEDS (LEDS). Reference Link
News For CREE;VECO;AIXG;LEDS From The Last 14 Days
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July 31, 2014
12:46 EDTVECOVeeco shares still overvalued, say Summit Research
Summit Research reiterated its Sell rating and $30 price target for Veeco and said shares remain overvalued.
10:02 EDTVECOOn The Fly: Analyst Upgrade Summary
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08:53 EDTVECOVeeco upgraded to Hold from Sell at Noble Financial
Noble Financial upgraded Veeco based on improving orders and margins, expected 10% capex reduction, and valuation.
July 30, 2014
16:30 EDTVECOVeeco sees Q3 adjusted EPS (15c)-(7c), consensus (4c)
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16:28 EDTVECOVeeco reports Q2 adjusted EPS (16c), consensus (18c)
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July 18, 2014
06:08 EDTCREE, LEDSNavigant: High-bay lighting market shifting to LEDs, DigiTimes reports
Navigant says LED luminaries and lamps for high-bay lighting applications is expected to reach $7B in annual revenues by 2021 from $2.6B in 2014, reports DigiTimes. Navigant says that falling prices and rising efficacy of LEDs will create a tipping point for the large-scale adoption of LEDs in this segment. Reference Link

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