CREE - Cree, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
58.49
+3.85 (+7.05%)
At close: 4:00PM EDT
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Previous Close54.64
Open54.89
Bid58.28 x 1400
Ask59.08 x 800
Day's Range55.19 - 58.79
52 Week Range33.72 - 69.21
Volume1,691,706
Avg. Volume1,531,268
Market Cap6.102B
Beta (3Y Monthly)1.33
PE Ratio (TTM)N/A
EPS (TTM)-2.68
Earnings DateAug 20, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est65.38
Trade prices are not sourced from all markets
  • What insider buying at tech companies says about stocks and the economy
    MarketWatch40 minutes ago

    What insider buying at tech companies says about stocks and the economy

    Insiders at tech companies are telling us our worries about the market are overblown. Over the past few weeks, insiders at more than a dozen tech firms have purchased significant amounts of their company stock. Buying has been especially pronounced at chip companies, which are particularly sensitive to China trade war saber-rattling and changes in growth prospects.

  • Cree Revises Fourth-Quarter Outlook on Huawei Headwinds
    Zacks7 days ago

    Cree Revises Fourth-Quarter Outlook on Huawei Headwinds

    Cree is benefiting from the acquisition of assets of Infineon Technologies' RF Power Buisness. The buyout expanded its Wolfspeed portfolio with robust power and RF GaN-on-SiC power solutions.

  • Analyst talks Cree, tradewar and the Huawei hit
    American City Business Journals8 days ago

    Analyst talks Cree, tradewar and the Huawei hit

    One of the Triangle’s largest technology companies confirms a revenue hit as the feds crack down on exports to one of its major customers: Chinese firm Huawei Technologies.

  • Investors are pinning hopes on this asset again — but beware, says Saxo Bank
    MarketWatch8 days ago

    Investors are pinning hopes on this asset again — but beware, says Saxo Bank

    Our call of the day, from Saxo Bank’s head of commodity strategy Ole Hansen, cautions investors against getting too excited over this haven asset again too soon.

  • MarketWatch8 days ago

    Cree's stock falls after profit and sales outlook cut, citing Huawei ban

    Shares of Cree Inc. fell 6.0% in premarket trade Tuesday, after the chip maker cut its fourth-quarter profit and sales outlook, citing the U.S. government's ban on business with China's Huawei Technologies Co. Ltd. The company said it now expects adjusted earnings per share of 8 cents to 12 cents, down from previous guidance of 12 cents to 16 cents. Cree lowered its sales outlook to a range of $245 million to $252 million from prior guidance of $263 million to $271 million. The company said it had expected revenue for products and materials associated with Huawei's wireless infrastructure build out to be up to $15 million in the fourth quarter. Cree's stock has soared 39% year to date through Monday, while the S&P 500 has gained 15%.

  • Business Wire8 days ago

    Cree Updates Q4 FY 2019 Financial Guidance

    Cree, Inc. , the global leader in silicon carbide semiconductors, announced an update to its financial guidance for the fourth quarter of fiscal 2019.

  • Cost, regulatory approval questions hover over $10B Infineon-Cypress deal
    American City Business Journals9 days ago

    Cost, regulatory approval questions hover over $10B Infineon-Cypress deal

    Questions about the high cost of the deal and whether it can win needed regulatory approvals in Washington and China mean it is unlikely to be completed for a while. Here, Infineon's North America leader and former Cypress CEO TJ Rodgers talk about the megamerger, including likely regulatory scrutiny from U.S. and China regulators.

  • Benzinga16 days ago

    BMO Downgrades Cree On Valuation, Says LED Maker Has Unique Positioning

    Cree, Inc. (NASDAQ: CREE ) is executing on its turnaround, but the risk-reward profile for the stock is balanced, according to BMO Capital Markets, which dropped its bullish stance Sunday.  The Analyst ...

  • N.C. officials shop site for 4,000-job manufacturing operation
    American City Business Journals22 days ago

    N.C. officials shop site for 4,000-job manufacturing operation

    Paperwork filed with the state late last year outline a 3.5 million-square-foot central operations facility, one with an annual employment impact of 7,870 jobs – including 4,000 jobs directly with the firm.

  • Cree, Inc. (NASDAQ:CREE) Insiders Increased Their Holdings
    Simply Wall St.29 days ago

    Cree, Inc. (NASDAQ:CREE) Insiders Increased Their Holdings

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

  • Cree (CREE) Divests Lighting Business to IDEAL INDUSTRIES
    Zackslast month

    Cree (CREE) Divests Lighting Business to IDEAL INDUSTRIES

    Cree (CREE) concludes the divestiture of Cree Lighting to IDEAL INDUSTRIES, with an aim to focus on RF power business.

  • Cree Selected as Silicon Carbide Partner for the Volkswagen Group FAST Program
    Business Wirelast month

    Cree Selected as Silicon Carbide Partner for the Volkswagen Group FAST Program

    Cree, Inc. (CREE), the global leader in silicon carbide (SiC) semiconductors, has been selected as the exclusive silicon carbide partner for the Volkswagen Group’s “Future Automotive Supply Tracks” Initiative (FAST). “The Volkswagen Group has committed to launch almost 70 new electric models in the next ten years, which is up from our pledge of 50 and increases the projected number of vehicles to be built on the Group’s electric platforms from 15 million to 22 million in that timeframe. This agreement connects two simultaneous revolutions: the automotive industry’s move from internal combustion engines to EVs and the growing adoption of silicon carbide in the semiconductor market.

  • Billions at stake for NC exporters, importers as China trade war talks escalate
    American City Business Journalslast month

    Billions at stake for NC exporters, importers as China trade war talks escalate

    On Monday, Beijing made it very clear — almost 5,000 U.S. products will face as high as 25 percent increase in tariffs.

  • Business Wirelast month

    Cree Closes on the Sale of Cree Lighting to IDEAL INDUSTRIES, Inc.

    Cree, Inc. (CREE) announced today that it has completed the sale of its Lighting Products business unit (“Cree Lighting”) to IDEAL INDUSTRIES, Inc. The transaction includes the LED lighting fixtures, lamps and corporate lighting solutions business for commercial, industrial and consumer applications. “This represents a pivotal chapter for Cree as we sharpen our focus to become a semiconductor powerhouse in silicon carbide and GaN technologies,” said Gregg Lowe, CEO of Cree. “Cree’s technologies are helping to power major transitions in our economy, whether it’s the automotive industry’s transition to electric vehicles or the telecommunications sector’s move to faster 5G networks.

  • Business Wirelast month

    Cree, Inc. to Webcast Upcoming Conference Presentation

    Cree, Inc. today announced it will webcast its presentation at an upcoming event.

  • Cree CEO Gregg Lowe: The $1B expansion means jobs in Durham
    American City Business Journalslast month

    Cree CEO Gregg Lowe: The $1B expansion means jobs in Durham

    A just-announced $1 billion investment translates to jobs at Cree’s Durham headquarters, says CEO Gregg Lowe.

  • Details on Cree's massive, $1B expansion in Durham
    American City Business Journalslast month

    Details on Cree's massive, $1B expansion in Durham

    Semiconductor firm Cree is funneling up to $1 billion in new investments in its Durham headquarters.

  • Cree to Invest $1 Billion to Expand Silicon Carbide Capacity
    Business Wirelast month

    Cree to Invest $1 Billion to Expand Silicon Carbide Capacity

    As part of its long-term growth strategy, Cree, Inc. (CREE) announces it will invest up to $1 billion in the expansion of its silicon carbide capacity with the development of a state-of-the-art, automated 200mm silicon carbide fabrication facility and a materials mega factory at its U.S. campus headquarters in Durham, N.C. It marks the company’s largest investment to date in fueling its Wolfspeed silicon carbide and GaN on silicon carbide business. Upon completion in 2024, the facilities will substantially increase the company’s silicon carbide materials capability and wafer fabrication capacity, allowing wide bandgap semiconductor solutions that enable the dramatic technology shifts underway within the automotive, communications infrastructure and industrial markets.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of CREE earnings conference call or presentation 1-May-19 9:00pm GMT

    Q3 2019 Cree Inc Earnings Call

  • First GE, now Lighting Science Group: Cree faces another infringement allegation
    American City Business Journals2 months ago

    First GE, now Lighting Science Group: Cree faces another infringement allegation

    As Durham semiconductor giant Cree works to close the sell-off of its lighting division, it faces yet another patent infringement accusation targeting that business.

  • Cree CEO: Ideal Industries deal is on track
    American City Business Journals2 months ago

    Cree CEO: Ideal Industries deal is on track

    Cree’s in-progress sell-off of its lighting business is on track, says Gregg Lowe, CEO. “With the anticipated completion of the lighting divestiture during this quarter, Cree will be well positioned for faster growth… with a cash balance approaching $1 billion at closing,” Lowe told analysts on an earnings call late Wednesday. The $310 million deal, which hands over both the business and the Cree Lighting brand to Ideal Industries, allows Cree to “sharpen our focus to accelerate Wolfspeed growth,” Lowe said, referring to the company’s power and radiofrequency device division – the unit at the center of Cree’s new strategy.

  • Cree Inc (CREE) Q3 2019 Earnings Call Transcript
    Motley Fool2 months ago

    Cree Inc (CREE) Q3 2019 Earnings Call Transcript

    CREE earnings call for the period ending March 31, 2019.

  • Cree (CREE) Q3 Earnings Top Estimates
    Zacks2 months ago

    Cree (CREE) Q3 Earnings Top Estimates

    Cree (CREE) delivered earnings and revenue surprises of 25.00% and -0.25%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press2 months ago

    Cree: Fiscal 3Q Earnings Snapshot

    The Durham, North Carolina-based company said it had a loss of $2.20 per share. Earnings, adjusted for one-time gains and costs, came to 20 cents per share. The results topped Wall Street expectations. ...