Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Cree Shares Lit Up

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of LED specialist Cree (NASDAQ: CREE  ) lit up today with gains as high as 17%, tapping fresh 52-week highs in the process, after the company introduced a new series of LED bulbs while raising guidance.

So what: Cree calls its new LED bulbs "game-changing" since they will retail at competitive price points that can tempt consumers to switch to LEDs. The new bulbs generate energy savings of 84% relative to traditional bulbs. A 40-watt replacement will start at just under $10, which Cree says will quickly pay for itself in energy savings.

Now what: Backing up this optimism, Cree raised guidance for its fiscal third quarter and now expects revenue to be in the range of $335 million to $350 million. That's higher than the previous revenue guidance range of $325 million to $345 million that the company provided in January. Operating expenses are also predicted to come in higher than before because of increased R&D spending and marketing. Non-GAAP net income per share should be $0.31 to $0.36, a penny higher on both high and low ends relative to prior outlook.

Interested in more info on Cree? Add it to your watchlist by clicking here.

With the U.S. relying on the rest of the world for such a large percentage of our goods, many investors are ready for the end of the "made in China" era. Well, it may be here. Read all about the biggest industry disruptors since the personal computer in "3 Stocks to Own for the New Industrial Revolution." Just click here to learn more.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2294794, ~/Articles/ArticleHandler.aspx, 9/26/2016 6:30:10 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:00 PM
CREE $24.89 Down -0.08 -0.32%
Cree CAPS Rating: ****