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Stock Market & Financial Investment News

News Breaks
August 28, 2013
10:53 EDTVECO, AIXG, CREE, LEDSCree advances after analyst says survey bodes well for company
Shares of LED light bulb maker Cree (CREE) are climbing after research firm Piper Jaffray wrote that consumers' attitudes towards lighting products bode well for the company. WHAT'S NEW: In a survey of consumers, 85% of respondents said they care more about the energy efficiency, quality and lifetime of light bulbs than their price, up from 74% of consumers who had expressed those sentiments in a survey last year, Piper analyst Jagadish Iyer wrote in a note to investors. Moreover, 60% of those who responded to this year's survey are willing to pay $10-$15 for a LED light bulb, while 30% are willing to pay up to $20, Iyer reported. Cree should benefit from these trends, as it appears that competitors that sell cheaper but lower quality LED light bulbs will have difficulty gaining momentum in the consumer market, the analyst contended. Meanwhile, over 90% of respondents to the survey considered themselves knowledgeable about LED lighting, up from 73% a year ago, the analyst added. Cree's revenue from consumer bulbs should surge to $28 million by the fourth quarter of 2014, up from about $14 million last quarter, the analyst wrote. He reiterated a $71 price target and Overweight rating on Cree's shares. PRICE ACTION: In mid-morning trading, Cree climbed 3.43% to $55.70. OTHERS TO WATCH: Other companies that produce LED products or equipment used to make LED products include Veeco Instruments (VECO), Aixtron (AIXG), and SemiLEDS (LEDS).
News For CREE;VECO;LEDS;AIXG From The Last 14 Days
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February 25, 2015
06:01 EDTCREE, LEDSGlobal LED lighting demand in 2015 valued at $30B, DigiTimes Research reports
The global LED lighting market value in 2015 is estimated to increase 24.8% to $29.91B, reports DigiTimes Research. There will be approximately 1.81B LED light bulbs shipped globally in 2015 and global LED light tube shipments will reach 520M units. Reference Link
February 24, 2015
07:19 EDTVECOSusquehanna to hold a summit
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05:53 EDTAIXGAixtron sees 2015 revenue EUR 220M-EUR 250M
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05:52 EDTAIXGAixtron reports Q4 EPS operating loss EUR 18.9M vs. EUR 12.6M last year
Reports Q4 sales EUR 58.0M vs. EUR 51.1M last year. Reports Q4 order intake EUR 39.9M vs. EUR 37.6M last year. The company said, "Results of fiscal year 2014 are in line with the previously published expectations, but continue to be unsatisfactory."
February 20, 2015
10:01 EDTAIXGOn The Fly: Analyst Upgrade Summary
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05:37 EDTAIXGAixtron upgraded to Hold from Sell at Societe Generale

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