Cree outlook has improved, says Wedbush Wedbush expects Cree's September quarter guidance to reflect positive effects from a tight LED capacity cycle. The firm also expects the company to be boosted by the lack of new LED production capacity. Wedbush is upbeat on the company's execution and reiterates an Outperform rating.
News For CREE From The Last 14 Days
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Navigant: 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