Cree shares tumble
Shares of LED lighting company Cree fell as much as 8 percent in early trading this morning in the wake of its disappointing quarterly results.
Three analyst have cut their ratings of the Durham company's stock in light of its performance, Bloomberg News reported. At the same time, other analysts defended the company and rated the stock a buy.
Cree reported after the markets closed Tuesday that revenue rose 59 percent in its fiscal first quarter that ended Sept.Experts also suggest using low Projector Lamp voltage fluorescent mini lights.The Led lamp light you purchase will be made up of two main components, apart from the bulb of course. These are known as the trim and the housing. The trim is the visible part of the light. 26.Ensuring that the low voltage downlight compact fluorescent fits in with the style and decor of the rest of the room is very important and in years gone by, this would not have been possible. Although that's a performance that most companies would envy, the expectations of analysts -- and Cree's own projections -- were even loftier.
"We believe the weakness in revenue relative to expectations is tied to the general demand for semiconductors worldwide but that the market assumed it was idiosyncratic and took it to an extreme," wrote analyst Theodoore O'Neill of Wunderlich Securities, who rates the stock a buy.
Investors are overlooking that the company's net income exceeded estimates and its "huge gain" in profit margins, O'Neill said.
Cree's light-emitting diodes, or LEDs, are used to illuminate car dashboards, cell phones, televisions and signs. Its growth,This also ensures that the product can be used at home or in a retail LED bulb environment and it is fair to say that shops can reap the benefits from using this type of light too. however, is being driven by its products for interior and exterior lighting. The company makes its own light fixtures and bulbs as well as supplying LEDs to lighting companies. LED bulbs cost more than incandescent or fluorescent lights, but they're more energy-efficient and last longer.
Cree employs about 4,500 workers worldwide, including more than 2,500 at its headquarters and manufacturing facility in Durham. The company has added more than 600 workers in Durham since 2009 and announced last month that it was investing $135 million to expand its Durham plant, a move that is expected to create 244 local jobs over the next two years.Multiply that by 6 fixtures and we'll be buying 300 bulbs! If the cost per bulb averages $2 we'll end up paying an led lamp additional $600 for a grand total of $2,550 to run six incandescent lights.
Shares of LED lighting company Cree fell as much as 8 percent in early trading this morning in the wake of its disappointing quarterly results.
Three analyst have cut their ratings of the Durham company's stock in light of its performance, Bloomberg News reported. At the same time, other analysts defended the company and rated the stock a buy.
Cree reported after the markets closed Tuesday that revenue rose 59 percent in its fiscal first quarter that ended Sept.Experts also suggest using low Projector Lamp voltage fluorescent mini lights.The Led lamp light you purchase will be made up of two main components, apart from the bulb of course. These are known as the trim and the housing. The trim is the visible part of the light. 26.Ensuring that the low voltage downlight compact fluorescent fits in with the style and decor of the rest of the room is very important and in years gone by, this would not have been possible. Although that's a performance that most companies would envy, the expectations of analysts -- and Cree's own projections -- were even loftier.
"We believe the weakness in revenue relative to expectations is tied to the general demand for semiconductors worldwide but that the market assumed it was idiosyncratic and took it to an extreme," wrote analyst Theodoore O'Neill of Wunderlich Securities, who rates the stock a buy.
Investors are overlooking that the company's net income exceeded estimates and its "huge gain" in profit margins, O'Neill said.
Cree's light-emitting diodes, or LEDs, are used to illuminate car dashboards, cell phones, televisions and signs. Its growth,This also ensures that the product can be used at home or in a retail LED bulb environment and it is fair to say that shops can reap the benefits from using this type of light too. however, is being driven by its products for interior and exterior lighting. The company makes its own light fixtures and bulbs as well as supplying LEDs to lighting companies. LED bulbs cost more than incandescent or fluorescent lights, but they're more energy-efficient and last longer.
Cree employs about 4,500 workers worldwide, including more than 2,500 at its headquarters and manufacturing facility in Durham. The company has added more than 600 workers in Durham since 2009 and announced last month that it was investing $135 million to expand its Durham plant, a move that is expected to create 244 local jobs over the next two years.Multiply that by 6 fixtures and we'll be buying 300 bulbs! If the cost per bulb averages $2 we'll end up paying an led lamp additional $600 for a grand total of $2,550 to run six incandescent lights.
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