|Bid||52.99 x 800|
|Ask||54.68 x 1000|
|Day's Range||54.50 - 56.93|
|52 Week Range||33.72 - 69.21|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 20, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||65.38|
Cree is benefiting from the acquisition of assets of Infineon Technologies' RF Power Buisness. The buyout expanded its Wolfspeed portfolio with robust power and RF GaN-on-SiC power solutions.
One of the Triangle’s largest technology companies confirms a revenue hit as the feds crack down on exports to one of its major customers: Chinese firm Huawei Technologies.
Our call of the day, from Saxo Bank’s head of commodity strategy Ole Hansen, cautions investors against getting too excited over this haven asset again too soon.
Shares of Cree Inc. fell 6.0% in premarket trade Tuesday, after the chip maker cut its fourth-quarter profit and sales outlook, citing the U.S. government's ban on business with China's Huawei Technologies Co. Ltd. The company said it now expects adjusted earnings per share of 8 cents to 12 cents, down from previous guidance of 12 cents to 16 cents. Cree lowered its sales outlook to a range of $245 million to $252 million from prior guidance of $263 million to $271 million. The company said it had expected revenue for products and materials associated with Huawei's wireless infrastructure build out to be up to $15 million in the fourth quarter. Cree's stock has soared 39% year to date through Monday, while the S&P 500 has gained 15%.
Cree, Inc. , the global leader in silicon carbide semiconductors, announced an update to its financial guidance for the fourth quarter of fiscal 2019.
Questions about the high cost of the deal and whether it can win needed regulatory approvals in Washington and China mean it is unlikely to be completed for a while. Here, Infineon's North America leader and former Cypress CEO TJ Rodgers talk about the megamerger, including likely regulatory scrutiny from U.S. and China regulators.
Cree, Inc. (NASDAQ: CREE ) is executing on its turnaround, but the risk-reward profile for the stock is balanced, according to BMO Capital Markets, which dropped its bullish stance Sunday. The Analyst ...
Paperwork filed with the state late last year outline a 3.5 million-square-foot central operations facility, one with an annual employment impact of 7,870 jobs – including 4,000 jobs directly with the firm.
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%.