|Bid||40.25 x 900|
|Ask||41.15 x 1400|
|Day's Range||39.88 - 41.31|
|52 Week Range||24.79 - 51.78|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 16, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.60|
In this series, we’ll look at the top technology stocks that fell on September 17 and compare them with analysts’ estimates. Cree (CREE), the maker of lighting-class LED (light-emitting diode) and semiconductor products, fell 5.2% on September 17. It seems that Cree has been impacted by the overall weakness in the semiconductor industry.
Imagine a polyester material as tough as Kevlar. “We could bring ballistic-like protection to a polyester fiber,” BNNano CEO Steve Wilcenski theorizes. His Cary company is developing a next-generation nanotube that could make it happen.
NEW YORK, Aug. 31, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Hub ...
NEW YORK, Aug. 29, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cree, ...
President Trump promised to make America great again, but his aggressive approach has ultimately produced mixed results. Semiconductor companies, particularly Micron Technology (NASDAQ:MU), have certainly felt the heat. MU stock has been a powerhouse investment since recovering from its 2015 disaster. But with its shares recently slowing down, is the Trump administration an asset or a liability for Micron?
A year and a half ago, Wolfspeed was Cree’s smallest business unit, operating out of a standalone Morrisville headquarters.
Cree, Inc. (CREE) announces the XLamp® XP-G3 S Line LED, an extension of the industry-leading XLamp XP-G3 LED that is optimized for the connected lighting future. With the XP-G3 S Line, Cree delivers high-power LED technology optimized for long-lifetime, high-power general lighting applications where sensors and the internet of things (IoT) are becoming common, such as commercial indoor, parking, industrial and roadway. Connected lighting systems use information from occupancy sensors and other sources to continuously react to the target environment, dimming or switching off unneeded lights to conserve energy.
Cree, Inc. (CREE) (“Cree”) today announced the pricing of $500 million aggregate principal amount of its 0.875% Convertible Senior Notes due 2023 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Cree has granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date on which the Notes are first issued, up to an additional $75 million aggregate principal amount of the Notes. The sale of the Notes to the initial purchasers is expected to settle on August 24, 2018, subject to the satisfaction of customary closing conditions, and is expected to result in approximately $488 million in net proceeds to Cree (or approximately $561 million if the initial purchasers exercise their option to purchase additional Notes in full) after deducting the initial purchasers’ discount and estimated offering expenses payable by Cree.
A Durham manufacturing giant with North Carolina State University roots is raising cash, offering $500 million in a private offering to fund its ongoing turnaround plan.
Cree Inc manufactures lighting-class light emitting diode (LED) products, lighting products and bandgap semiconductor products for power and radio-frequency (RF) applications. Warning! GuruFocus has detected 5 Warning Signs with CREE. For the last quarter Cree Inc reported a revenue of $409.5 million, compared with the revenue of $358.9 million during the same period a year ago.
Cree, Inc. (CREE) (“Cree”) today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of its Convertible Senior Notes due 2023 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In addition, Cree expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including, the date on which the Notes are first issued, up to an additional $75 million aggregate principal amount of the Notes. The Notes will be convertible into cash, shares of Cree’s common stock, or a combination thereof, at Cree’s election.
As Cree shifts its strategy completely – moving to quadruple its Research Triangle Park-based Wolfspeed business into its largest division by 2022 – what’s happening to lighting?
NEW YORK, NY / ACCESSWIRE / August 15, 2018 / U.S. equities snapped losses on Tuesday, as panic over Turkey’s currency eased and market participants focused on upbeat corporate earnings and strong economic ...
Wolfspeed – Cree’s Research Triangle Park-based power device subsidiary – has achieved a half-billion dollar annual run rate and is well on its way toward becoming the Durham manufacturer’s largest business unit, says CEO Gregg Lowe.
The lighting products manufacturer posted its results for its fourth quarter of fiscal 2018, as well as for the full year. The firm said that its earnings tallied up to 11 cents per share on an adjusted basis. Analysts were calling for Cree to amass adjusted earnings of 8 cents per share, according to a survey conducted by SeekingAlpha.
On a per-share basis, the Durham, North Carolina-based company said it had a loss of 33 cents. Earnings, adjusted for non-recurring costs and amortization costs, were 11 cents per share. The results surpassed ...
Cree, Inc. today announced revenue of $409 million for its fourth quarter of fiscal 2018, ended June 24, 2018. This represents a 14% increase compared to revenue of $359 million reported for the fourth quarter of fiscal 2017, and a 15% increase compared to the third quarter of fiscal 2018.
NEW YORK, NY / ACCESSWIRE / August 14, 2018 / Cree, Inc. (NASDAQ: CREE ) will be discussing their earnings results in their Q4 Earnings Call to be held on August 14, 2018 at 5:00 PM Eastern Time. To listen ...
More than four years after then-President Barack Obama announced what would become the PowerAmerica Institute at North Carolina State University, the initiative has doled out a new $20 million tranche to fund innovation.
Cree CEO Gregg Lowe tells the crowd “all technology companies face the same thing:” the need to protect trade secrets.
In a candid conversation at PNC Arena, part of the Triangle Business Journal Power Breakfast Series, Cree CEO Gregg Lowe touched on several topics – from the Wolfspeed opportunity to trade to his upbringing – which he says has shaped the leader he is today.