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

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)
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