By The Value Investor : Shares of Cree ( CREE ) have seen a good week. Part of the sentiment is aided by Philips ..... The Upgrade Analysts at Oppenheimer raised their rating on Cree from market perform to outperform which has been accompanied
YTD going into today, Oppenheimer has decided to upgrade CREE to Outperform, while maintaining a $59 PT. The firm declares Cree to be the best pure-play in the LED lighting space. Cree rose on Monday after rival Philips announced it's spinning
Both Philips ( PHG +4% ) and Cree ( CREE +3.4% ) are up strongly after Philips announced it's merging ..... could be fueling hopes Philips will try to merge the unit with Cree , which competes against Lumileds in an LED component market that
Vague M&A rumors are giving a lift to Cree ( CREE +4.3% ). Shares are at their highest levels since tumbling in April due to light EPS guidance. Speculation that GE or Philips could bid for the LED lighting/component vendor has been around
By George Acs : This was a week with some potentially market rattling news. Whenever the market is sitting at new highs, especially when having done so in a series of tentative moves and on low volume the risk may be heightened for a reversal of fortunes. For definitional purposes, I would call ...
their respective benchmarks. Sometimes, the two teams have the ability to corroborate seamlessly on an idea like Cree (NYSE: CREE ), a leading producer of LED light bulbs. Chilton portfolio manager / analyst Randall Grace recognized early that
common network protocol" for 3rd-party hardware/chips that can be managed by iDevices - initial supporters include Broadcom, Cree , TI, Philips, Honeywell, and Haier. HomeKit also integrates with Siri - saying "Get ready for bed" can result in a connected
By Renu Singh : Cree ( CREE ) is one of the leading players in the light-emitting diode (LED ..... quarters, but its shares now trade close to its 52-week low. Since Cree is making aggressive investments to grow its business, the company's
(Reuters) - Cree Inc , a maker of light-emitting diodes, forecast current-quarter earnings below analysts' average estimate as it expects higher marketing expenses for its LED bulb, sending its...
* Expects 2nd-quarter operating expenses to rise by $5.5 mln