45.32 0.00 (0.00%)
After hours: 5:10PM EDT
|Bid||39.00 x 1400|
|Ask||47.00 x 1100|
|Day's Range||45.19 - 46.15|
|52 Week Range||20.50 - 46.15|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Gregg Lowe, the new CEO of Cree, made a big move when he came on board – one he says is indicative of the culture shift he’s trying to institute.
Throughout the chip-making space, companies have successfully adapted to the changing needs of the consumer, including an increased demand for small, high-powered chips that enable “Internet of Things” (IoT) devices. For those that don’t know, the Internet of Things is the growing world of interconnected household and industrial devices. For example, consumer-level IoT products include things like Amazon.com, Inc.’s (NASDAQ:AMZN) Echo “smart speaker,” wearable motion and activity tracking products, and advanced in-car technology.
Should circumstances change and newly-minted Cree CEO Gregg Lowe be fired without cause, he could be in line for some payback, a just-released securities filing shows.
Top executives at Durham-based manufacturer Cree continue to outline bullish expectations for Wolfspeed, its Research Triangle Park-based power device and radio-frequency division.
Cree Inc. shares jumped in after-hours trading Tuesday following a fiscal third-quarter earnings report that beat expectations. Cree reported a loss of $241 million, or $2.40 a share, due to a $247.5 million ...
The Durham, North Carolina-based company said it had a loss of $2.40 per share. Earnings, adjusted for one-time gains and costs, came to 4 cents per share. The results beat Wall Street expectations. The ...
Cree is changing things up at some of its facilities, including those in Durham and Research Triangle Park.
Stocks with market capitalization between $2B and $10B, such as Cree Inc (NASDAQ:CREE) with a size of US$3.99B, do not attract as much attention from the investing community as doRead More...
April 15 (Reuters) - Shenzhen Click Technology Co Ltd : * SAYS U.S. COMPANY CREE INC APPLIES FOR ARBITRATION AT THE ICC DUE TO DISPUTE OVER COOPERATION AGREEMENT * SAYS IT WILL TAKE NECESSARY LEGAL MEASURES ...
Cree Inc’s (NASDAQ:CREE): Cree, Inc. provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan,Read More...
Does the share price for Cree Inc (NASDAQ:CREE) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value using the discounted cash flow (DCF) method. Anyone interested inRead More...
The case for selling Cree, Inc. (NASDAQ: CREE )'s stock no longer applies as the manufacturer of lighting products is "picking up momentum," according to Goldman Sachs. The Analyst Goldman Sachs' ...
Investors looking to buy shares of Cree, Inc. (NASDAQ: CREE ) after the lighting company announced a 345-million-euro ($428 million) acquisition of most of Infineon's radio frequency power business should ...
A failed sale of the LED lighting specialist's radio frequency operations to Infineon suddenly flipped into Cree buying Infineon's matching RF business. Investors are loving this idea.
Cree Inc (NASDAQ:CREE), a semiconductor company based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NasdaqGS. As aRead More...
U.S.-based Cree (CREE.O) said on Tuesday that it had acquired most of Infineon's (IFXGn.DE) Radio Frequency Power Business for around 345 million euros (307.40 million pounds). Cree said it funded the acquisition from cash and borrowings on its revolving line of credit. Cree, based in Durham, North Carolina, makes lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications.
Shares in Zumtobel slumped as much as 17 percent in morning trade after the Austrian lighting group's announcement late on Wednesday of a steep cut to its full-year profit target. Zumtobel shares were the worst performer on Austria's blue-chip index on Thursday morning after its second profit warning in three months, citing a sharp revenue drop in Britain as well as aggressive price competition. European rivals Philips Lighting and Osram were down about 2 percent.
Speaking as the Durham LED giant released its second quarter results, he told analysts Tuesday that the full strategic review he ordered when he replaced former CEO Chuck Swoboda last year is nearly complete. Asked repeatedly if analysts should expect restructuring or even manufacturing plant closures to come out of the review, Lowe asked for patience. Lowe predicts completing the review in time to release a plan for Cree’s next five to 10 years before the end of the current quarter.