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Stock Alert: CREE, LEDS

by Harris Roen, Editor
Roen Financial Report
Thursday, January 22, 2015
 

Today’s Alert:

Cree, Inc (CREE)
SemiLEDs Corporation (LEDS)

Two LED lighting manufacturers post large gains on recent earnings announcements.

 

Cree, Inc (CREE)
More Info
Cree posts a mixed earnings report. Net income improves for the quarter, but is way below last year’s levels. Revenues are essentially flat, and future revenue estimates are in line with analyst expectations. CREE moves up 10% in two days, but is still down 50% for the year. We consider the stock to be Undervalued. Reuters
SemiLEDs Corporation (LEDS)
SemiLEDs Corp issues a positive earnings report, with revenues up and net losses shrinking for the quarter. LEDS jumps 21% in two days on large volume, though the stock is still down 10% for the year and remains way below 2010 levels. Press release




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Remember to always consult with your investment professional before making important financial decisions.

 
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