CREE - Cree, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
51.73
+0.77 (+1.51%)
At close: 4:00PM EDT

54.99 +3.26 (6.30%)
Pre-Market: 9:02AM EDT

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Bullishpattern detected
Price Crosses Moving Average

Price Crosses Moving Average

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close50.96
Open50.72
Bid53.40 x 800
Ask54.00 x 800
Day's Range50.29 - 51.82
52 Week Range27.77 - 64.95
Volume636,793
Avg. Volume1,783,956
Market Cap5.595B
Beta (5Y Monthly)1.08
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Investopedia

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    Cree shares broke out from resistance during Wednesday's session after JPMorgan upgraded the stock to Neutral with a $60 price target.

  • Thomson Reuters StreetEvents

    Edited Transcript of CREE earnings conference call or presentation 29-Apr-20 9:00pm GMT

    Q3 2020 Cree Inc Earnings Call

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  • What Kind Of Share Price Volatility Should You Expect For Cree, Inc. (NASDAQ:CREE)?
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  • Cree Inc (CREE) Q3 2020 Earnings Call Transcript
    Motley Fool

    Cree Inc (CREE) Q3 2020 Earnings Call Transcript

    CREE earnings call for the period ending March 29, 2020.

  • Cree (CREE) Reports Q3 Loss, Lags Revenue Estimates
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    Cree (CREE) Reports Q3 Loss, Lags Revenue Estimates

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  • Cree makes $500M play to retire debt, add cash
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  • Biz: Cary’s urban core (yep!) is a hot market in the Triangle; Raleigh Hall of Fame canceled for 2020
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  • How Should Investors React To Cree, Inc.'s (NASDAQ:CREE) CEO Pay?
    Simply Wall St.

    How Should Investors React To Cree, Inc.'s (NASDAQ:CREE) CEO Pay?

    Gregg Lowe has been the CEO of Cree, Inc. (NASDAQ:CREE) since 2017. This analysis aims first to contrast CEO...

  • Hedge Funds Have Never Been This Bullish On Cree, Inc. (CREE)
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    Hedge Funds Have Never Been This Bullish On Cree, Inc. (CREE)

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • Cree (NASDAQ:CREE) Shareholders Booked A 63% Gain In The Last Three Years
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    Cree (NASDAQ:CREE) Shareholders Booked A 63% Gain In The Last Three Years

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  • Infineon Deal Scrutiny Raises Trade Threat to Europe Tech Firms
    Bloomberg

    Infineon Deal Scrutiny Raises Trade Threat to Europe Tech Firms

    (Bloomberg) -- U.S. officials are dragging Europe’s technology industry more deeply into a trade war with China, threatening the region’s ability to create its own semiconductor giants.The Committee on Foreign Investment is urging President Trump to block Infineon Technologies AG’s $8.7 billion acquisition of Cypress Semiconductor Corp., claiming it poses a risk to national security, Bloomberg News first reported Thursday. Although it wasn’t clear what spooked Cfius, both Infineon and Cypress have Chinese customers including Huawei Technologies Co. Cfius is sensitive about deals allowing Chinese buyers to get their hands on advanced American technology.QuickTake: All About CFIUS, Trump’s Watchdog on China DealmakingEurope’s tech firms have tried to stay neutral in the power struggle. Semiconductor makers said earlier this year that they’d keep supplying Huawei after after a Trump’s administration order in May demanding U.S.-based companies stop. At the time a spokesman for Infineon said the majority of products it delivers to Huawei were not subject to U.S. restrictions.In recent months European lawmakers have pushed back against Trump’s calls to cut Huawei out of European telecom infrastructure. The U.K., France, and Germany are all looking to keep the door open to the Chinese telecom giant in some way, nubbing the U.S. view that Huawei could be a security risk. Italy, Croatia, Hungary and Switzerland have signed partnerships with Huawei.Huawei is Infineon’s sixth-largest customer accounting for about 2.4% of sales, according to supply chain data compiled by Bloomberg. Other Chinese buyers of Infineon products include iPhone-assembler Hon Hai Precision Industry Co. and Tencent Holdings Ltd.“Obviously national security considerations are very important,” said Keily Blair, Partner at law firm Orrick. “It would be good to see an evidence-based approach in the U.S., similar to what we have seen in the U.K. with Huawei.”In 2017, Cfius blocked Infineon’s proposed deal for Wolfspeed, a semiconductor unit of U.S.-based Cree Inc. Aixtron SE’s planned sale to a Chinese-backed company collapsed in 2016 after U.S. opposition. Trump has also blocked Broadcom Inc.’s hostile takeover of Qualcomm Inc.“We have always been less sure about the regulatory approvals than Infineon management,” said Citigroup Inc. analyst Amit Harchandani, “given the number of recent cross-border deals failing to clear the regulatory hurdle.”The U.S. is also trying to dictate who European firms do business with. Dutch chip gear-maker ASML Holding NV has had difficulty renewing an export license to China following U.S. political pressure. The company wants to sell equipment to China that would help the company produce its own next-generation chips and help it wean itself off foreign imports.In January, U.S. ambassador to the Netherlands Pete Hoekstra told Dutch newspaper Het Financieele Dagblad that ASML’s technology “doesn’t belong in certain places,” suggesting China. The Chinese ambassador, Xu Hong, had warned days earlier in the same paper that the relationship between the Netherlands and China was at risk if the government blocks EUV machine exports.Other European tech deals are now in focus. British chip designer Dialog Semiconductor is another key figure in the European tech supply chain with Chinese customers and American acquisition targets. In February, it said it’d agreed to buy Santa Clara, California-based Adesto Technologies Corp. for about $380 million.Dialog’s biggest customer is Apple Inc., but Huawei is its third-largest with an exposure of about 2.1%. Dialog CEO Jalal Bagherli declined to comment when contacted by Bloomberg on Friday.Although Cypress’s share price has collapsed following the report that Cfius is interested in the deal, some analysts believe all is not lost. “We believe mitigation conditions might still be an option and it would be premature to assume the deal is off,” said Citi’s Harchandani.“We believe worst-case we have a delay until the closing,” Vijay Rakesh, analyst at Mizuho Sescurites, said. A “potential delay or divestiture would be par for the course, but we see deal as mostly consummated.”\--With assistance from Nate Lanxon.To contact the reporters on this story: Giles Turner in London at gturner35@bloomberg.net;Sarah Syed in London at ssyed35@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Nate Lanxon, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Trump Advised to Halt Infineon Deal Amid China Security Risk
    Bloomberg

    Trump Advised to Halt Infineon Deal Amid China Security Risk

    (Bloomberg) -- U.S. national security officials are recommending that President Donald Trump block Infineon Technologies AG’s proposed acquisition of Cypress Semiconductor Corp., according to people familiar with the matter.The officials are concerned that Infineon’s $8.7 billion deal for the American chipmaker poses a risk to national security, said three people familiar with the matter. Infineon, a German semiconductor maker with substantial Chinese revenue, has tried to negotiate an agreement with the government that would let the takeover proceed, but hasn’t been able to reach a deal, one of the people said. All of the people asked not to be named discussing a national security matter.It wasn’t clear why officials with the Committee on Foreign Investment in the U.S., which reviews foreign takeovers of U.S. businesses, see a national security risk from the deal. The panel, however, is particularly sensitive to any transaction that could allow Chinese buyers to get their hands on advanced American technology.Read more: About CFIUS, Trump’s Watchdog on China Deals: QuickTakeCypress shares fell as much as 21% earlier before closing down 17.4 percent at $19.18. The shares dropped an additional 10% in extended trading on Thursday. Infineon fell as much as 5% in trading in Frankfurt on Friday.Cfius, which is led by the Treasury Department, can recommend the president block deals to protect national security. Congress gave the panel enhanced powers in 2018 to scrutinize foreign investment in U.S. companies.The Cypress deal would catapult Infineon into the top 10 of global chipmakers based on sales. Infineon derives a third of its sales from China, according to data compiled by Bloomberg.The White House’s National Security Council and Cypress declined to comment. Infineon didn’t immediately respond to requests for comment. Cfius as a policy never comments on its reviews.Infineon told investors on an earnings call last month that it was negotiating a potential settlement for the deal.“We have a very good understanding about the requirements of U.S. government, what they expect and we are working together with them in order to resolve that,” Infineon Chief Executive Officer Reinhard Ploss said. “Our expectation is that we find a setup, which is supporting our revenue synergies.”Cypress, based in San Jose, sells components to the defense industry, although its products are not considered particularly sensitive. The company’s website highlights several offerings that are either suitable or designed for aerospace and defense customers, including “defense grade memory” parts that can “withstand military operating temperature ranges.”The Trump administration has toughened its review of foreign acquisitions of U.S. businesses, particularly technology companies. Trump has blocked two takeovers on national security grounds, Broadcom Inc.’s hostile takeover of Qualcomm Inc. and Lattice Semiconductor Corp.’s sale to a Chinese-backed investor.In 2017, Infineon tried to buy Wolfspeed, a semiconductor unit of U.S.-based Cree Inc., but the the deal was blocked by Cfius. Wolfspeed manufactures a type of semiconductor increasingly used in telecommunications and radar systems.(Updates with Cypress, Infineon shares in fourth paragraph)\--With assistance from Ian King and Joshua Fineman.To contact the reporters on this story: Saleha Mohsin in Washington at smohsin2@bloomberg.net;David McLaughlin in Washington at dmclaughlin9@bloomberg.net;Jenny Leonard in Washington at jleonard67@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, ;Alex Wayne at awayne3@bloomberg.net, ;Margaret Collins at mcollins45@bloomberg.net, Paula Dwyer, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    U.S. officials ask Trump to block Infineon's Cypress deal -Bloomberg News

    U.S. national security officials have recommended that President Donald Trump block German chipmaker Infineon Technologies AG's proposed $10 billion deal to buy Cypress Semiconductor Corp as it poses a security risk, Bloomberg News reported on Thursday, citing people familiar with the matter. The report https://bloom.bg/2IoTpf6 said it was not clear why officials with the Treasury-led Committee on Foreign Investment in the United States (CFIUS), which reviews deals by foreign acquirers for potential national security risks, saw a risk from the deal. The White House, the Treasury and Infineon did not respond to a request for comment.

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  • Cree (CREE) Q2 Loss In Line With Estimates, Revenues Fall Y/Y
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    Cree's (CREE) second-quarter fiscal 2020 results reflect softness in China and the inclusion of a reserve on Huawei inventory.

  • Cree absorbs more hits from Huawei ban as it pushes expansion
    American City Business Journals

    Cree absorbs more hits from Huawei ban as it pushes expansion

    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.