Dividends, Market Expansions, Financial Results and Strong Operational Activities Signify Strong Growth - Research Report on Cree, KLA-Tencor, Canadian Solar, Lam Research, and Synopsys

News provided by

Aug 21, 2013, 08:00 ET

NEW YORK, August 21, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

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]

EDITOR NOTES:

This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
For any urgent concerns or inquiries, please contact us at [email protected].
Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

http://www.AnalystsCorner.com

SOURCE Analysts' Corner