Wall Street appears to have a mixed view of LED-maker Cree after the company reported a revenue beat on in-line earnings.

Here’s a breakdown of the report and what two firms have to say about the stock.

The Numbers

Cree’s quarterly revenue of $425.5 million came in ahead of consensus estimates of $418.6 million. In addition, reported EPS of $0.21 was slightly above consensus forecasts of $0.20.

Guidance for Q4 came in on the low side, however, as Cree called for revenue of $425-$445 million on earnings of $0.21 to $0.26. Consensus estimates had been for $445 million in revenue on earnings of $0.26, the extreme high end of the new guidance.

Stephens’ Take

Analyst Harsh Kumar believes…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!