Streetlighting in Los Angeles illuminates Cree39s growing role in the LED lighting market but investors appear to be unimpressed Photo courtesy of Cree

Streetlighting in Los Angeles illuminates Cree's growing role in the LED lighting market, but investors appear to be unimpressed.

Cree Stock Drops 13% During Mid-Day Trading on Oct. 2; Analysts Blame Guidance Citing Weaker Global LED Demand

Despite the fact that Cree is acknowledged in the lighting business as a market leader in LED lighting that’s successfully competing with Philips, Osram/Sylvania and GE Lighting, stock analysts appear to have mixed feelings on the future performance of the company’s stock.

Cree’s stock got hammered Thursday on Wall Street after the company announced revenue from its LED Products division is expected to decline 20% year-over-year and 13% sequentially to $174 million in the first quarter of fiscal 2015 due to “weaker global demand than originally targeted.”

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