GARP Research isn't fazed by Cree's (CREE) FQ3 miss and light FQ4 guidance. The firm sees the...

|By:, SA News Editor

GARP Research isn't fazed by Cree's (CREE) FQ3 miss and light FQ4 guidance. The firm sees the LED vendor "on the cusp of a major new product cycle" that covers its XLamp, XB-D, XT-E, and streetlight lines, and expects it to drive double-digit revenue and EPS growth over the next 2 years. It also sees the new products improving Cree's gross margin, and likes the company's valuation. (previous)