|By PR Newswire||
|August 21, 2013 08:01 AM EDT||
NEW YORK, August 21, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Cree, Inc. (NASDAQ: CREE), KLA-Tencor Corporation (NASDAQ: KLAC), Canadian Solar Inc. (NASDAQ: CSIQ), Lam Research Corporation (NASDAQ: LRCX), and Synopsys Inc. (NASDAQ: SNPS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Cree, Inc. Research Report
On August 13, 2013, Cree, Inc. (Cree) reported its Q4 FY 2013 and FY 2013 financial results (period ended June 30, 2013). For Q4 FY 2013, the Company reported revenue growth of 22.2% YoY to $375.0 million. GAAP net income totaled $28.2 million or $0.23 per diluted share, compared to $10.0 million or $0.09 per diluted share in Q4 FY 2013. For FY 2013, revenue totaled $1.4 billion, up 19% YoY. GAAP net income was $86.9 million or $0.74 per diluted share, compared to $44.4 million or $0.39 per diluted share in FY 2012. Chuck Swoboda, Cree Chairman and CEO said, "Our fiscal fourth quarter was a strong finish to a great year, with record revenue and good earnings growth in line with our targets. Total company backlog is ahead of this point last quarter and we are targeting solid growth in LED lighting in Q1." The Company anticipates revenue for Q1 FY 2014 to be in the range of $380 million to $400 million, and GAAP net income is anticipated to be $28 million to $34 million or $0.23 to $0.28 per diluted share. The Full Research Report on Cree, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/feac_CREE]
KLA-Tencor Corporation Research Report
On August 6, 2013, KLA-Tencor Corp. (KLA-Tencor) announced that its Board of Directors has declared a quarterly cash dividend amounting to $0.45 per share on its common stock, payable on September 3, 2013 to KLA-Tencor stockholders of record as on August 16, 2013. According to KLA-Tencor, this dividend represents an increase in quarterly dividend by the Company which was announced on July 9, 2013. The Full Research Report on KLA-Tencor Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ce0c_KLAC]
Canadian Solar Inc. Research Report
On August 8, 2013, Canadian Solar Inc. (Canadian Solar) reported its Q2 2013 financial results with net revenue up 44.3% QoQ to $380.4 million, and solar module shipments of 455 MW compared to 340 MW in the Q1 2013. Gross margin was 12.8% for the quarter compared to 9.7% in Q1 2013. Net loss attributable to the Company stood $12.6 million or $0.29 per diluted share, compared to $4.4 million or $0.1 per diluted share in Q1 2013. Dr. Shawn Qu, Chairman and CEO of Canadian Solar commented, "Our second quarter results exceeded the high point of our revenue and gross margin guidance. We have been consistently pursuing our strategy of geographic diversification and have focused on new growth market such as Japan, leveraging our global sales network and brand reputation." The Company anticipates that its module shipment for Q3 2013 will be in the range of 410 MW to 430 MW, and for FY 2013 to be within 1.6 GW to 1.8 GW. The Full Research Report on Canadian Solar Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3fbd_CSIQ]
Lam Research Corporation Research Report
On July 31, 2013, Lam Research Corp. (Lam Research) reported its Q2 2013 financial results posting revenue of $986.2 million, an increase of 16.7% QoQ. GAAP net income stood at $85.7 million or $0.50 per diluted share, compared to $19 million or $0.11 per diluted share in Q1 2013. Non-GAAP diluted EPS stood at $0.80 compared to $0.44 in Q1 2013. Martin Anstice, Lam Research's President and CEO said, "Lam Research had a very strong June 2013 quarter, achieving record shipments and revenue and delivering EPS performance that exceeded our guidance range. Our results underscore our strong operational execution and commitment to invest strategically to address our customers' most critical problems and further strengthen our competitive positions. We believe we will benefit from market expansion opportunities and that our focus on technology and productivity innovation positions us well for next-generation technology inflections and investments planned by our customers." The Company anticipates non-GAAP EPS of $0.68 plus or minus $0.07 for Q3 2013. The Full Research Report on Lam Research Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/fe03_LRCX]
Synopsys Inc. Research Report
On August 7, 2013, Synopsys, Inc. (Synopsys) announced that it will report its financial results for Q3 FY 2013 (period ended July 31, 2013) on August 21, 2013, Wednesday, after the market close. The Company also informed that following the release, Synopsys will hold a conference call to discuss the results at 2:00 p.m. PT, which will be led by Aart de Geus, Chairman and Co-Chief Executive Officer, and Brian Beattie, CFO. According to the Company, the replay of the webcast can be accessed on the Synopsys website starting August 21, 2013, at 4:00 p.m. PT until the Company reports its Q4 FY 2013 and FY 2013 financial results. The Full Research Report on Synopsys Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/89b8_SNPS]
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SOURCE Analysts' Corner