|Bid||53.27 x 2900|
|Ask||0.00 x 1400|
|Day's Range||55.58 - 57.39|
|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|
Cree, Inc. , the global leader in silicon carbide semiconductors, announced an update to its financial guidance for the fourth quarter of fiscal 2019.
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.
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.
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.
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.
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 ...
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 ...
SYCAMORE, Ill., March 15, 2019 -- IDEAL INDUSTRIES, INC. today announced the acquisition of Cree Lighting, which includes the LED lighting fixtures, lamps and intelligent.
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.
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.
Cree, Inc. today announced financial results for its second quarter of fiscal 2019, ended December 30, 2018. Revenue for the second quarter of fiscal 2019 was $413 million, which represents a 12% increase compared to revenue of $368 million for the second quarter of fiscal 2018.
NEW YORK, Jan. 09, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
PR N°. C2868C PRESS RELEASE Cree and STMicroelectronics Announce Multi-Year Silicon Carbide Wafer Supply Agreement Agreement to boost commercial expansion of SiC in automotive and industrial applications ...
Cree, Inc. (CREE) announces that it signed a multi-year agreement to produce and supply its Wolfspeed® silicon carbide (SiC) wafers to STMicroelectronics (STM), a global semiconductor leader serving customers across the spectrum of electronics applications. The agreement governs the supply of a quarter billion dollars of Cree’s advanced 150mm silicon carbide bare and epitaxial wafers to STMicroelectronics during this period of extraordinary growth and demand for silicon carbide power devices.
Cree, Inc. (CREE) announces the FLEX Series LED Troffer, a new lighting system that gives architects and lighting specifiers remarkable design freedom, to address the $1.2 billion specification tier of the industry. The FLEX Series LED Specification troffer combines aesthetic appeal, design flexibility and premium performance into a slim luminaire design that fits virtually any ceiling type. With five customizable inner-optic choices, architects and designers can create distinctive environments across diverse applications – from corporate offices to hospitals, schools and retail – with just one fixture to spec.
NEW YORK, NY / ACCESSWIRE / November 14, 2018 / U.S. equities saw losses on Tuesday as continued weakness in oil prices pressured energy stocks lower. Crude oil dropped for the 12th consecutive session, ...
Mr. John C. Hodge and Ms. Duy-Loan T. Le have been elected to the board of directors. Mr. Darren R. Jackson was appointed as chairman by the board of directors. Mr. Robert A. Ingram and Mr. C. Howard Nye retired from their positions on the board of directors, upon expiration of their terms.
NEW YORK, NY / ACCESSWIRE / October 18,2018/ According to Lindsey Bell investment strategist with CFRA, “The market is interpreting the Fed minutes as slightly hawkish.” For a moment, market participants ...
Cree, Inc. (CREE) announces that it signed a strategic long-term agreement to produce and supply its Wolfspeed® silicon carbide wafers to one of the world’s leading power device companies. The agreement, valued at more than $85 million, governs Cree’s supply of advanced 150 mm silicon carbide bare and epitaxial wafers during this period of extraordinary growth and demand for silicon carbide power devices. This customer’s importance to the power device industry is well known, so partnering with a leading power semiconductor company such as this is another big step in that commitment,” said Gregg Lowe, CEO of Cree.
Cree, Inc. today announced financial results for its first quarter of fiscal 2019, ended September 23, 2018. Revenue for the first quarter of fiscal 2019 was $408 million, which represents a 13% increase compared to revenue of $360 million for the first quarter of fiscal 2018.