|Bid||56.15 x 800|
|Ask||59.97 x 1800|
|Day's Range||56.89 - 58.16|
|52 Week Range||33.72 - 69.21|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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 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.
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.
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.
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%.
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.
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 ...
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.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
On Monday, Beijing made it very clear — almost 5,000 U.S. products will face as high as 25 percent increase in tariffs.
A just-announced $1 billion investment translates to jobs at Cree’s Durham headquarters, says CEO Gregg Lowe.
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’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 (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?
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. ...
Cree Inc. shares fell more than 6% in the extended session Wednesday after the company delivered revenue below consensus estimates but beat earnings expectations. The company reported fiscal third-quarter net losses of $227.9 million, or 22 cents a share, compared with losses of $240.6 million, or 10 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, and amortization, among other things, adjusted earnings from continuing operations were 20 cents a share, compared with 17 cents a share in the year-ago quarter. Revenue rose to $274.1 million from $225.2 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings from continuing operations of 16 cents a share on revenue of $289.2 million. For the fiscal fourth quarter, analysts model adjusted earnings from continuing operations of 20 cents a share and revenue of $306 million. Cree said it expected fiscal fourth-quarter losses from continuing operations of 18 cents to 23 cents a share and sales of $263 million to $271 million. Cree stock has gained 66% this year, with the S&P 500 index rising 11%.
The market has been volatile in the fourth quarter as the Federal Reserve continued its rate hikes to normalize the interest rates. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by nearly 7 percentage points. SEC filings and hedge […]
Cree (CREE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.