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Stock Market & Financial Investment News

News Breaks
August 28, 2013
10:53 EDTAIXG, CREE, LEDS, VECOCree 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 16, 2014
10:04 EDTCREECree April weekly volatility elevated at 100 into Q1 and outlook
Cree April weekly call option implied volatility is at 100, June is at 48, September at 43; compared to its 26-week average of 42 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on April 24.
10:00 EDTCREEOn The Fly: Analyst Upgrade Summary
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05:58 EDTCREECree upgraded to Buy from Hold at Needham
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April 15, 2014
10:00 EDTVECOOn The Fly: Analyst Upgrade Summary
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05:34 EDTVECOVeeco upgraded to Buy from Hold at Berenberg
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April 14, 2014
16:13 EDTLEDSSemiLEDs sees Q3 revenue $4.3M-$4.8M, one estimate $5.03M
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16:04 EDTLEDSSemiLEDs reports Q2 EPS (21c), one estimate (21c)
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April 10, 2014
12:54 EDTCREECree upgraded at DA Davidson
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12:32 EDTCREECree upgraded to Buy from Neutral at DA Davidson
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April 9, 2014
09:35 EDTCREECree shares mentioned positively at Northland Securities
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April 7, 2014
10:26 EDTCREECree May volatility elevated at 58 on tight five-month price movement
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