|Bid||47.17 x 800|
|Ask||48.23 x 800|
|Day's Range||47.18 - 48.98|
|52 Week Range||40.46 - 69.21|
|Beta (5Y Monthly)||0.89|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 28, 2020 - May 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.78|
Cree is still almost two years away from starting production at the planned factory, but an executive says the company is already thinking about the possibility of future expansion.
As fears over the coronavirus grow, so does China uncertainty for some of North Carolina’s globally-focused companies – from Cree to Honeywell.
Amid a “challenging operating environment,” Durham semiconductor giant Cree continues to push its capacity expansion plans forward. “Our customers are cautious and awaiting further clarity on future trade policy,” Lowe told analysts, noting that the recent trade deal “didn’t really do much for our sector.” The company is also watching the coronavirus situation in China. “We don’t see any opportunity at this time where we will resume shipping [Huawei inventory],” said CFO Neill Reynolds on the call, noting its applications for special licenses to get around the Huawei ban were rejected.
Cree (CREE) delivered earnings and revenue surprises of 0.00% and 1.61%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Cree, Inc. (Nasdaq: CREE) today announced revenue of $239.9 million for its second quarter of fiscal 2020, ended December 29, 2019.
Cree, Inc. announced Glenda Dorchak, a seasoned corporate operating executive and experienced director, has been appointed to the Company’s Board.
Cree (CREE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.
Cree is planning to build a 480,000-square-foot semiconductor factory near Utica that will employ at least 614 people. The estimated project cost is more than $1 billion.
Exyte U.S. — previously M+W Group U.S. Inc. — is part of a large international engineering and general contracting firm based in Germany. It has an American headquarters in the ZEN Building at the SUNY Polytechnic Institute campus in Albany.
A Durham-based tech company is expanding its footprint east of Research Triangle Park, with its recent purchase of a 7-acre property abutting its existing campus.
Is Cree, Inc. (NASDAQ:CREE) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. […]
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Cree is building a $1 billion semiconductor factory in Marcy, near Utica. The company has already started hiring for jobs upstate.
Cree is making a $1 billion bet that the electric vehicle market will boom. And if it does, the company will produce a crucial piece of technology for EVs at its new factory near Utica.
Cree's CEO was in Utica this week to check on progress for the $1 billion silicon carbide factory. The company already has people working at SUNY Poly in Albany, and it recently posted more jobs.
For the second time in two days, Cree has announced a major supply deal. Tuesday, it was an extension of an agreement with STMicroelectronics first inked in January, increasing it from $250 million to $500 million. In an interview following the announcement, Cree CEO Gregg Lowe called it “the largest materials deal in the history of silicon carbide.” “What I think it is a sign of is an acceleration of the adoption of silicon carbide in the high voltage power market,” he says.