|Bid||57.65 x 800|
|Ask||57.68 x 800|
|Day's Range||56.94 - 58.63|
|52 Week Range||33.72 - 69.21|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 20, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||65.38|
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.
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%.
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 ...
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.