|Bid||42.31 x 1100|
|Ask||52.19 x 2200|
|Day's Range||44.50 - 46.40|
|52 Week Range||20.50 - 50.68|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 14, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||40.33|
Durham-based Cree has reached a “confidential settlement agreement” with a pair of online retailers, ending a trademark infringement lawsuit it lobbed against them last year in a California federal court.
A North Carolina maker of lighting products tried to convince the Trump administration that paying tariffs on its goods coming out of China would threaten its spending on research and jobs in the U.S. Cree’s failure to persuade the White House to exempt its goods from new tariffs illustrates how even appealing to the Trump administration’s desire for American investment and jobs can run smack into its push to also penalize China on trade. The Trump administration has said its plan to impose tariffs on about $50 billion of Chinese goods is aimed at thwarting Chinese cyberespionage and subsidies that could put the U.S. at a disadvantage both militarily and economically.
NEW YORK, NY / ACCESSWIRE / July 4, 2018 / U.S. equities dropped on Tuesday, as gains in energy, real-estate and telecom shares were offset by losses in tech and financial names. The Dow Jones Industrial ...
Man-made gem company Charles & Colvard has extended its supply deal with Cree – initially set to expire June 24.
Does the share price for Cree Inc (NASDAQ:CREE) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value by estimating the company’s future cash flows and discounting themRead More...
Cree (CREE) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.
WallStEquities.com revisits the Semiconductor Equipment and Materials space, which comprises companies that are engaged in the design, manufacture, and sale of equipment that assists with the development of semiconductors. Under review this morning are the following equities: AXT Inc. (NASDAQ: AXTI), Brooks Automation Inc. (NASDAQ: BRKS), Cree Inc. (NASDAQ: CREE), and Daqo New Energy Corp. (NYSE: DQ).
Semiconductor stocks have been the subject of unpredictable volatility so far this year, but the underlying business of this industry is growing—and should continue that trend in 2018 and beyond. Throughout the chip-making space, companies have successfully adapted to the changing needs of the consumer, including an increased demand for small, high-powered chips that enable “Internet of Things” (IoT) devices. For those that don’t know, the Internet of Things is the growing world of interconnected household and industrial devices.
Nine months in, newcomer Gregg Lowe wants to turn Durham’s homegrown Cree Inc. on its head. Lowe is a man of bold promises and big bets – and his biggest gamble yet could be at Cree, where he has staked thousands of jobs and millions of dollars in revenue on Cree’s tiniest business unit: Wolfspeed, the firm’s Research Triangle Park-based power and radiofrequency business. Today, Lowe says it’s scaling up to displace LED lighting as Cree’s largest business unit and on track for “roughly quadrupling in revenue by 2022.” “Most people who work in companies that are struggling are actually ready for change,” he says.
After 16 years with the company, Cree Chief Financial Officer Mike McDevitt is leaving. Late Thursday, Durham semiconductor maker Cree disclosed that the company and McDevitt had “mutually agreed” on June 5 that he would be retiring, following a transition period. Following that period, during which he’ll continue to be paid his full compensation, he’ll serve as a company consultant for a year.
Cree, Inc. (CREE), a technology market leader, today announced that Executive Vice President and Chief Financial Officer (CFO) Mike McDevitt will retire from his executive positions following a transition period. Mr. McDevitt intends to stay on until a successor is appointed, and thereafter will remain available as a consultant to the Company to ensure a seamless transition of leadership responsibilities. Since joining Cree in 2002, Mr. McDevitt has held numerous executive financial positions with the Company, helping grow Cree from less than $200 million to approximately $1.5 billion in annual revenue, with approximately 6,900 employees worldwide.
Cree, Inc. (CREE) is seeing solid earnings estimate revision activity and is a great company from a Zacks Industry Rank perspective.
Wolfspeed, A Cree Company (CREE), today announced new LDMOS and GaN HEMT product offerings that enable smaller systems with greater reliability and efficiency. Wolfspeed’s recent acquisition of the Infineon RF power business expanded its product portfolio, accelerating the company’s progress in developing innovations for telecommunications and aerospace/defense applications. “The acquisition of Infineon’s RF power business has enabled Cree’s Wolfspeed business to transition to the next level of the RF power semiconductor business,” said Lance Wilson, research director at ABI Research.
Wolfspeed, A Cree Company (CREE), today announced a performance breakthrough in the ability to power the drivetrain of electric vehicles (EVs) using its new third generation 1200V SiC MOSFET family. This switching device, which enables high-voltage power conversion, solidifies the company’s leadership in solutions for the EV ecosystem.
NEW YORK, NY / ACCESSWIRE / May 30, 2018 / U.S. equities plunged on Tuesday as market participants digested fresh political drama in Italy. The Dow Jones Industrial Average dropped 1.58 percent to close ...
Gregg Lowe, the new CEO of Cree, made a big move when he came on board – one he says is indicative of the culture shift he’s trying to institute.
Companies in the Semiconductor Equipment and Materials industry provide the basis for the manufacturing of semiconductors. Chelmsford, Massachusetts headquartered Brooks Automation Inc.'s stock finished Monday's session 2.38% higher at $29.71.
Throughout the chip-making space, companies have successfully adapted to the changing needs of the consumer, including an increased demand for small, high-powered chips that enable “Internet of Things” (IoT) devices. For those that don’t know, the Internet of Things is the growing world of interconnected household and industrial devices. For example, consumer-level IoT products include things like Amazon.com, Inc.’s (NASDAQ:AMZN) Echo “smart speaker,” wearable motion and activity tracking products, and advanced in-car technology.
Cree, Inc. announces an expansion of the XLamp® High Current LED Array family with new CMT LEDs that extend Cree’s latest metal-based chip-on-board LED technology to the most prevalent COB form factors.
Should circumstances change and newly-minted Cree CEO Gregg Lowe be fired without cause, he could be in line for some payback, a just-released securities filing shows.
As buildings become increasingly more connected through the Internet of Things , owners and operators require an intuitive platform for their building intelligence solutions. To meet this need, Cree, Inc.
Stock Monitor: Cree Inc. Post Earnings Reporting LONDON, UK / ACCESSWIRE / April 30, 2018 / Active-Investors.com has just released a free research report on Nova Measuring Instruments Ltd (NASDAQ: NVMI ...
Top executives at Durham-based manufacturer Cree continue to outline bullish expectations for Wolfspeed, its Research Triangle Park-based power device and radio-frequency division.