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Cree Inc (CREE.OQ)

CREE.OQ on NASDAQ Stock Exchange Global Select Market

38.04USD
14 Dec 2017
Change (% chg)

$1.23 (+3.34%)
Prev Close
$36.81
Open
$36.77
Day's High
$38.39
Day's Low
$36.75
Volume
722,472
Avg. Vol
533,882
52-wk High
$38.39
52-wk Low
$20.50

Latest Key Developments (Source: Significant Developments)

Cree says ‍on Nov 13, co entered into second amendment to credit agreement​
Friday, 17 Nov 2017 

Nov 16 (Reuters) - Cree Inc :Cree says ‍on November 13, co entered into second amendment to credit agreement​ - SEC Filing.Cree - ‍Amendment amends credit agreement to extend maturity date for borrowings, termination of commitments of lenders to Jan 9, 2022​.  Full Article

Cree reports Q1 non-GAAP earnings per share $0.04
Wednesday, 18 Oct 2017 

Oct 17 (Reuters) - Cree Inc :Cree reports financial results for the first quarter of fiscal year 2018.Q1 non-GAAP earnings per share $0.04.Q1 GAAP loss per share $0.20.Q1 revenue $360 million versus I/B/E/S view $359.7 million.Q1 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Sees Q2 2018 GAAP loss per share $0.25 to $0.31.Sees Q2 2018 revenue $340 million to $360 million.Cree Inc sees ‍Q2 non-GAAP net income is targeted to be in range $0.01 loss per diluted share to $0.04 earnings per diluted share​.Q2 earnings per share view $0.07, revenue view $368.0 million -- Thomson Reuters I/B/E/S.Cree Inc sees Q2 fiscal 2018 GAAP net loss per diluted share of​ ‍$0.25 to $0.31.  Full Article

Cree reports Q4 non-GAAP earnings per share $0.04
Wednesday, 23 Aug 2017 

Aug 22 (Reuters) - Cree Inc :Cree reports financial results for the fourth quarter and fiscal year 2017.Q4 non-GAAP earnings per share $0.04.Q4 GAAP loss per share $0.06.Q4 revenue $359 million versus I/B/E/S view $349.9 million.Q4 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Sees Q1 2018 non-GAAP earnings per share $0.02 to $0.06.Sees Q1 2018 GAAP loss per share $0.20 to $0.25.Sees Q1 2018 revenue $353 million to $367 million.Q1 earnings per share view $0.10, revenue view $360.1 million -- Thomson Reuters I/B/E/S.  Full Article

- Charles Swoboda would resign as CEO of Cree
Thursday, 25 May 2017 

May 24 (Reuters) - Cree Inc :Charles Swoboda would resign as president, chief executive officer and chairman of board of directors following a transition period.  Full Article

Cree recalls LED T8 lamps due to burn hazard
Friday, 26 Aug 2016 

Cree Inc : Cree recalls led T8 lamps due to burn hazard; includes T8 lamps provided as replacements in previous recall . Cree's LED T8 lamps recall includes about 104,000 units in U.S. (in addition, 8,500 were sold in Canada) .Cree has received 12 reports of recalled lamps overheating and melting; no injuries have been reported.  Full Article

Cree reports Q4 GAAP loss per share $0.11
Wednesday, 17 Aug 2016 

Cree Inc : Cree reports financial results for the fourth quarter and fiscal year 2016 . Q4 GAAP loss per share $0.11 . Q4 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Sees Q1 2017 GAAP earnings per share $0.05 to $0.06 . Q4 non-GAAP earnings per share $0.19 . Q4 revenue $388 million versus I/B/E/S view $385.8 million . Sees Q1 2017 GAAP earnings per share $0.02 to $0.03 from continuing operations . Sees Q1 2017 non-GAAP earnings per share $0.06 to $0.11 from continuing operations . Sees Q1 2017 revenue $356 million to $378 million . Sees Q1 2017 non-GAAP earnings per share $0.10 to $0.16 .Q1 earnings per share view $0.22, revenue view $397.6 million -- Thomson Reuters I/B/E/S.  Full Article

Cree receives favorable decision in US International Trade Commission case against Feit Electric and Unity
Tuesday, 2 Aug 2016 

Cree Inc :Receives favorable decision in u.s. International trade commission case against feit electric co, its asian supplier, unity opto technology.  Full Article

Wolfspeed has better operating margins than Infineon CFO says
Thursday, 14 Jul 2016 

Infineon : Cfo says wolfspeed business has better operating margins than infineon at the moment . Ceo says wolfspeed has gross margin of 55 percent and will grow by average 20 percent annually until 2020 . Cfo says there is positive booking trend at wolfspeed Further company coverage: [IFXGn.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Cree says buyer may be required to pay termination fee of $12.5 mln-$42.5 mln
Thursday, 14 Jul 2016 

Cree Inc :Says buyer may be required to pay Cree a termination fee ranging from $12.5 million to $42.5 million - SEC filing.  Full Article

Cree says to sell Wolfspeed to Infineon for $850 mln cash
Thursday, 14 Jul 2016 

Cree Inc : Cree to sell wolfspeed to infineon for $850 million cash . Preliminary revenue results for q4 were at upper end of company's target range at approximately $388 million . Targets approximately $585 million of net proceeds after tax and other deal related costs . Q4 revenue view $382.8 million -- Thomson Reuters I/B/E/S .Target using capital raised, combined with free cash flow, to fund "select m&a", as well as to support additional stock buybacks.  Full Article

BRIEF-Cree says ‍on Nov 13, co entered into second amendment to credit agreement​

* Cree says ‍on November 13, co entered into second amendment to credit agreement​ - SEC Filing