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Stock Market & Financial Investment News

News Breaks
August 28, 2013
10:53 EDTLEDS, VECO, AIXG, CREECree 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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April 17, 2015
10:39 EDTCREECree April weekly volatility elevated at 126 into Q1 and outlook
Cree April weekly call option implied volatility is at 86, May is at 56, June is at 41, September at 36; compared to its 26-week average of 37 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on April 21.
April 6, 2015
10:18 EDTCREECree puts active on renewed takeover chatter
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10:07 EDTCREERumor: Cree moves up on renewed takeover chatter
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08:10 EDTVECOVeeco says KaiStar Lighting orders TurboDisc EPIK 700 GaN MOCVD systems
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