veco – Scalper1

Cree Bucks Wall Street Ache On Q2 EPS Beat

Cree (CREE) stock outmaneuvered Wall Street’s slump Wednesday after the LED lighting maker reported a 6-cent fiscal-second-quarter earnings beat. In early trading on the stock market today, Cree shares surged as much as 9% before settling to be up nearly 4.5% midday. Key rival Veeco (VECO), was up a fraction midday, outperforming the Nasdaq and Dow Jones industrial average which each fell more than 2.5%. For its fiscal Q2 ended Dec. 27, Cree

LED Light Makers Cree, Veeco Seen Hitting 2016 Trough

The LED lighting industry is slated for a slowdown, veering off 5% growth in 2015 to 2% growth in 2016 as the market reaches saturation, and as generic products displace pricier offerings amid fevered M&A in the chip sector, a new forecast said. Needham analyst Y. Edwin Mok sees LED sales falling flat in 2017 and maintained his hold ratings on light-component makers Cree (CREE) and Veeco Instruments (VECO). Cree stock was down about 1.6% in