CREE - Cree, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
51.86
-2.06 (-3.81%)
At close: 4:00PM EST
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Previous Close53.92
Open54.17
Bid50.60 x 900
Ask54.76 x 900
Day's Range51.71 - 54.38
52 Week Range40.46 - 69.21
Volume1,933,227
Avg. Volume1,303,006
Market Cap5.586B
Beta (5Y Monthly)0.86
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
All
News
Press Releases
  • Business Wire

    Cree, Inc. Announces Date for Second Quarter Fiscal 2020 Earnings Release and Webcast

    Cree, Inc. (Nasdaq: CREE) will conduct a conference call with analysts to discuss its Q2 FY2020 earnings on January 29, 2020, at 5:00 p.m. ET.

  • Business Wire

    Cree and STMicroelectronics Expand and Extend Existing Silicon Carbide Wafer Supply Agreement

    Cree, Inc. (CREE) and STMicroelectronics (STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion and extension of an existing multi-year, long-term silicon carbide wafer supply agreement to more than $500 million. The extended agreement is a doubling in value of the original agreement for the supply of Cree’s advanced 150mm silicon carbide bare and epitaxial wafers to STMicroelectronics over the next several years. The increased wafer supply enables the semiconductor leaders to address the rapidly growing demand for silicon carbide power devices globally, particularly in automotive and industrial applications.

  • Cree and ABB Announce Silicon Carbide Partnership to Deliver Automotive and Industrial Solutions
    Business Wire

    Cree and ABB Announce Silicon Carbide Partnership to Deliver Automotive and Industrial Solutions

    DURHAM, N.C.-- -- Enables Cree to broaden its customer base, delivering silicon carbide to high-power applications in power grids, train, traction and e-mobility sectors Accelerates market entry of ABB’s Power Grids business into the high-growth electric vehicles sector Cree, Inc. , the global leader in silicon carbide technology, and ABB’s Power Grids business have announced a partnership to jointly ...

  • ZF and Cree Advance the Electric Drive
    Business Wire

    ZF and Cree Advance the Electric Drive

    ZF Friedrichshafen AG and Cree, Inc. (CREE), a US leader in silicon carbide semiconductors, announce a strategic partnership to create industry-leading, highly efficient electric drivelines. With this strategic partnership, ZF and Cree are intensifying their existing cooperation. “We're delighted that we're building on our cooperation with Cree using their Wolfspeed silicon carbide technology and are absolutely convinced that combining our strengths will further improve efficiency and competitive edge for our components and systems,” says Jörg Grotendorst, Head of the ZF E-Mobility Division.

  • Business Wire

    Cree Reports Financial Results for the First Quarter of Fiscal Year 2020

    Cree, Inc. today announced revenue of $242.8 million for its first quarter of fiscal 2020, ended September 29, 2019. This represents an 11% decrease compared to revenue of $274.2 million reported for the first quarter of fiscal 2019, and a 3% decrease compared to the fourth quarter of fiscal 2019.

  • Business Wire

    Cree, Inc. Announces Date for First Quarter Fiscal 2020 Earnings Release and Webcast

    Cree, Inc. , the global leader in silicon carbide technology, will conduct a conference call with analysts to discuss its first quarter fiscal 2020 results and business outlook on October 30, 2019, at 5:00 p.m.

  • Business Wire

    Cree, Inc. to Host Investor Day in New York City on Wednesday, November 20, 2019

    Cree, Inc. , the global leader in silicon carbide semiconductor technology, today announced it will host an Investor Day on Wednesday, Nov. 20, 2019 at the Grand Hyatt Hotel in New York City.

  • Business Wire

    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.

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

    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.

  • Business Wire

    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 Wire

    Cree, Inc. to Webcast Upcoming Conference Presentation

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

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

    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.

  • Business Wire

    Cree Reports Financial Results for the Third Quarter of Fiscal Year 2019

    Cree, Inc. today announced financial results for its third quarter of fiscal 2019, ended March 31, 2019. Revenue from continuing operations for the third quarter of fiscal 2019 was $274 million, which represents a 22% increase compared to revenue from continuing operations of $225 million for the third quarter of fiscal 2018.

  • ACCESSWIRE

    Cree, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 1, 2019 / Cree, Inc. (NASDAQ: CREE ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on May 1, 2019 at 5:00 PM Eastern Time. To ...

  • ACCESSWIRE

    AI and Mobile Tech Stocks Continue to Outperform

    HENDERSON, NV / ACCESSWIRE / March 28, 2019 / McDonald's is buying a tech startup that it hopes will help it sell customers more of what they want. The fast food giant announced Monday that it is acquiring ...

  • GlobeNewswire

    IDEAL INDUSTRIES, INC. Acquires Cree Commercial Lighting and Intelligent Lighting Control Systems

    SYCAMORE, Ill., March 15, 2019 -- IDEAL INDUSTRIES, INC. today announced the acquisition of Cree Lighting, which includes the LED lighting fixtures, lamps and intelligent.

  • Business Wire

    Cree to Sell Lighting Business to IDEAL INDUSTRIES, INC.

    Cree, Inc. (CREE) announces the execution of a definitive agreement to sell its Lighting Products business unit (“Cree Lighting”), which includes the LED lighting fixtures, lamps and corporate lighting solutions business for commercial, industrial and consumer applications, to IDEAL INDUSTRIES, INC. for approximately $310 million before tax impacts, including up-front and contingent consideration and the assumption of certain liabilities. Cree expects to receive an initial cash payment of $225 million, subject to purchase price adjustments, and has the potential to receive a targeted earn-out payment of approximately $85 million based on an adjusted EBITDA metric for Cree Lighting over a 12-month period beginning two years after the transaction closes.

  • Business Wire

    Cree Delivers Best-in-Class Horticulture Efficiency with New Red XLamp LEDs

    Cree, Inc. (CREE) announces the next-generation XLamp® XP-E2 Photo Red (660 nm) and Far Red (730 nm) LEDs, delivering breakthrough performance for horticulture applications. “Lettuce and tomato farmers in the UK, the Netherlands and Belgium are choosing our Hyperion™ grow lights, powered by Cree’s horticulture LEDs, as the primary light source for their large indoor, state-of-the-art growing facilities,” said Jonathan Barton, Director of Grow Lighting at Plessey Semiconductors. The new XP-E2 LEDs are a drop-in upgrade for existing XP-based horticulture designs with the same mechanical and optical characteristics as the previous generations.