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$CREE said 4Q16 results were in the middle of the company's target range. LED products continued to execute well, despite the challenging competitive environment. Lighting products revenue grew 6% sequentially to $198MM, which was in line with $CREE's targets and commercial lighting revenue improved from 3Q16 with double-digit growth.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.