Wall Street Fundamentals Releases New In-Depth Stock Reports on CREE, LEDS, RVLT and VECO
Growth potential within the LED lighting market has been a major factor for the LED industry’s recent surge. Falling prices have increased its potential for widespread adoption. In 2011, LED lighting was four times the cost of energy-saving light bulbs, but at the end of 2012 the margin had declined to approximately 30 percent, according to a recent DigiTimes article. Over the next eight years, lighting giant Philips believes prices of LED lighting will decline over 80 percent, with the penetration rate increasing to 64 percent.
Cree, Inc. (NASDAQ: CREE) shares traded in the range of $59.68 to $61.07 Thursday before settling to close at $60.98, an increase of 1.43 percent. The stock appears to be facing some resistance at $61.17 with support at $57.76. The company reported revenues were $348.9 million for the third quarter of fiscal 2013, an increase of 23 percent when compared to the year ago quarter. Shares of Cree have gained nearly 80 percent so far in 2013.
More information on Cree and access to the free equity report can be found at: www.WallStreetFundamentals.com/CREE
SemiLEDs Corporation (NASDAQ: LEDS) shares traded in the range of $1.56 to $1.67 Thursday before
settling to close at $1.64, an increase of 3.14 percent. The stock appears to have some resistance at $1.76 with support at $1.60. The company reported a net loss of $6.0 million, or $0.22 per diluted share, for the second quarter of fiscal 2013, compared to a net loss of $7.1 million, or $0.26 per diluted share, in the year ago quarter. Shares of SemiLEDs have more than doubled so far in 2013.
More information on SemiLEDs and access to the free equity report can be found at: www.WallStreetFundamentals.com/LEDS
Revolution Lighting Technologies Inc. (NASDAQ: RVLT) shares traded in the range of $3.45 to $3.73 Thursday before settling to close at $3.49, an increase of 0.87 percent. The stock appears to have resistance at $3.54. The company reported revenues totaled $6.3 billion for the first quarter of 2013, a year-over-year increase of $470 percent. Shares of Revolution Lighting Technologies have gained over 450 percent so far in 2013.
More information on Revolution Lighting and access to the free equity report can be found at: www.WallStreetFundamentals.com/RVLT
Veeco Instruments Inc. (NASDAQ: VECO) shares traded in the range of $38.78 to $39.99 Thursday before settling to close at $39.61, a decrease of 0.40 percent. The stock appears to have some resistance at $40.20 with some support at $39.49. The Company’s unaudited cash balance at March 31, 2013 was $588 million. Shares of Veeco Instruments have gained over 34 percent so far in 2013.
More information on Veeco Instruments and access to the free equity report can be found at: www.WallStreetFundamentals.com/VECO
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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