|Day's Range||12.03 - 12.03|
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and small-cap stocks underperformed the […]
The lawsuit, filed be GE, Current Lighting Solutions and Consumer Lighting, came in April, at a vulnerable time for Cree, which was working to close the sale of its entire lighting division to Ideal Industries in a $310 million deal that has since closed.
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%.
Cree, Inc. , the global leader in silicon carbide semiconductors, announced an update to its financial guidance for the fourth quarter of fiscal 2019.
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...
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.
On Monday, Beijing made it very clear — almost 5,000 U.S. products will face as high as 25 percent increase in tariffs.
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.
A just-announced $1 billion investment translates to jobs at Cree’s Durham headquarters, says CEO Gregg Lowe.
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.