Cantor Fitzgerald Slightly Lowers Numbers on Cree (CREE), But Feels Q3 Miss Is Buying Opportunity
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Price: $79.12 --0%
Rating Summary:
9 Buy, 22 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
9 Buy, 22 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Cantor Fitzgerald maintains a 'Buy' on Cree (NASDAQ: CREE) price target lowered from $51 to $46.
Analyst, We are adjusting our estimates to account for the guidance for 4Q:12. For 4Q:12 we are now estimating $0.25 per share on revenues of $311.6 million compared to our prior estimate of $0.31 on $339 million and consensus of $0.28 on $323 million. For 4Q:12, the company guided to $0.20 to $0.26 per share on revenues of $295 million to $315 million, compared to our estimate of $0.31 on $339 million and consensus of $0.28 on $323 million."
"We are also trimming our FY2013 estimates to $1.98 per share on revenues of $1.49 billion compared with our prior $2.17 on $1.56 billion. Consensus is $1.50 on $1.45 billion."
For an analyst ratings summary and ratings history on Cree click here. For more ratings news on Cree click here.
Shares of Cree closed at $29.97 yesterday.
Analyst, We are adjusting our estimates to account for the guidance for 4Q:12. For 4Q:12 we are now estimating $0.25 per share on revenues of $311.6 million compared to our prior estimate of $0.31 on $339 million and consensus of $0.28 on $323 million. For 4Q:12, the company guided to $0.20 to $0.26 per share on revenues of $295 million to $315 million, compared to our estimate of $0.31 on $339 million and consensus of $0.28 on $323 million."
"We are also trimming our FY2013 estimates to $1.98 per share on revenues of $1.49 billion compared with our prior $2.17 on $1.56 billion. Consensus is $1.50 on $1.45 billion."
For an analyst ratings summary and ratings history on Cree click here. For more ratings news on Cree click here.
Shares of Cree closed at $29.97 yesterday.
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