Best Promising Companies To Buy For 2015: Cree Inc.(CREE)
Cree, Inc. develops and manufactures light emitting diodes (LEDs), LED lighting, and semiconductor solutions for wireless and power applications. Its LED products include blue and green LED chips that are used in various applications, including video screens, gaming displays, function indicator lights, and automotive backlighting; LED components comprising a range of packaged LED products and LED modules for lighting applications; LED lighting products, such as LED downlights, LED troffers, and LED lamps or bulbs for construction, retrofit, and renovation projects in commercial, governmental, and residential applications; and silicon carbide (SiC) wafers, which are used in the manufacture of optoelectronics, microwave, power switching, and other applications. The company also provides semiconductor materials and devices primarily based on silicon carbide (SiC), gallium nitride (GaN), and related compounds. Its power and radio frequency (RF) products include SiC-based power products comprising 600, 1,200, and 1,700-volt Schottky diodes, as well as 1,200-volt SiC metal semiconductor field-effect transistor switches that are used in power factor correction circuits for power supplies in computer servers and other applications, such as solar inverters; and RF devices, including a range of GaN high electron mobility transistors and monolithic microwave integrated circuits for military or commercial applications, as well as 10 watt and 60 watt SiC transistors and metal semiconductor field effect transistor products. The company primarily operates in China, the United States, Europe, South Korea, Japan, Malaysia, and Taiwan. Cree, Inc. was formerly known as Cree Research, Inc. and changed its name in January 2000. Cree, Inc. was founded in 1987 and is based in Durham, North Carolina.
Advisors' Opinion:- [By Jake L'Ecuyer]
Cree (NASDAQ: CREE) was down, falling 10.08 percent to $52.20 on Q3 results. Cree r! eported its Q3 earnings of $0.39 per share on revenue of $405.30 million. However, analysts were expecting earnings of $0.38 per share on revenue of $407.29 million.
- [By Ryan Katon]
Along with Microsoft, I've been extremely impressed by the advertising of LED lightbulb maker Cree (NASDAQ: CREE ) , and the cult-favorite homemade soda producer SodaStream (NASDAQ: SODA ) . In both cases, the companies used memorable ad campaigns to introduce their products to mass markets. Much like an FDA approval for a pharmaceutical company, a successful ad campaign shows the world that the company is ready for growth. From an investing perspective, that's what I like to see
- [By Jake L'Ecuyer]
Cree (NASDAQ: CREE) was also down, falling 9.69 percent to $60.66 after Stifel downgraded the company to a Hold rating, while removing its $70 price target, causing traders to rush for the exits.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/best-promising-companies-to-buy-for-2015.html
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