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Stock Market & Financial Investment News

News Breaks
July 15, 2014
09:23 EDTLEDSSemiLEDs progress encouraging, says Sterne Agee
Sterne Agee is encouraged by SemiLEDs' progress in increasing higher margin components and lighting products sales targeting niche markets like UV and architectural lighting. The firm raised its estimates based on its outlook for improving gross margins for the company and keeps a Buy rating on the shares.
News For LEDS From The Last 14 Days
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January 20, 2015
16:09 EDTLEDSCree says LED lighting market still in early stages
Cree (CREE) CEO Chuck Swoboda said in the company's earnings release, "We made solid progress in Q2 with operating margin higher than targeted due to an improvement in gross margins in our lighting business. The market for LED lighting is still in the early stages, our new product pipeline is strong, sales momentum is building and our brand is growing in the market. As evidenced by our significant share repurchases in Q2, we believe we are on the right track to continue to grow the company and increase profits over the next several years." Cree peers include SemiLEDs (LEDS) and Acuity Brands (AYI). Cree shares are up 6% in after-hours trading to $34.40 after reporting better than expected Q2 results.
January 15, 2015
06:16 EDTLEDSIHS: LED industry faces pivotal year in 2015, DigiTimes reports
IHS says 2015 could be a pivotal year for the global LED industry due to the growing market share of Chinese LED companies throughout the value chain, reports DigiTimes. IHS adds that China vendors must overcome negative perceptions of product quality while maintaining their low pricing. Increased marketing of cloud-based msart lighting could gain mindshare in 2015. Reference Link

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