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Cree Inc (CREE.O)

CREE.O on Nasdaq

26.85USD
8 Dec 2016
Change (% chg)

$0.17 (+0.64%)
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Latest Key Developments (Source: Significant Developments)

Cree Q1 earnings per share view $0.10
Tuesday, 18 Oct 2016 04:01pm EDT 

Cree Inc : Cree reports financial results for the first quarter of fiscal year 2017 . Q1 non-GAAP earnings per share $0.09 from continuing operations . Q1 loss per share $0.03 from continuing operations . Q1 earnings per share view $0.10 -- Thomson Reuters I/B/E/S . Q1 non-GAAP earnings per share $0.15 . Q1 GAAP earnings per share $0.00 . Q1 revenue $371 million . Sees Q2 2017 revenue $360 million to $380 million . Sees Q2 2017 GAAP earnings per share $0.10 to $0.11 . Cree Inc - for Q2, targets combined revenue, which includes both continued and discontinued operations, in a range of $360 million to $380 million . Sees Q2 2017 non-GAAP earnings per share $0.04 to $0.10 from continuing operations .Q2 earnings per share view $0.13, revenue view $336.7 million -- Thomson Reuters I/B/E/S.  Full Article

Cree recalls LED T8 lamps due to burn hazard
Thursday, 25 Aug 2016 02:30pm EDT 

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
Tuesday, 16 Aug 2016 04:01pm EDT 

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 09:00am EDT 

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 06:45am EDT 

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 06:43am EDT 

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 06:02am EDT 

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

Infineon to buy Wolfspeed from Cree for $850 mln
Thursday, 14 Jul 2016 05:54am EDT 

Infineon Technologies AG: Infineon to acquire Wolfspeed for US dollar 850 million in cash . Transaction to be immediately margin and adjusted earnings-per-share accretive . Transaction will be financed by incremental debt of US dollar 720 million and US dollar 130 million cash-on-hand . Cree's board of directors and Infineon's supervisory board have approved acquisition . Deal also includes related SIC wafer substrate business for power and RF power .Has entered into a definitive agreement to acquire Wolfspeed Power and RF division of Cree.  Full Article

Cree says new XSP HO series delivers 25 pct performance increase
Tuesday, 17 May 2016 09:00am EDT 

Cree Inc :New Cree XSP HO series delivers breakthrough 25 percent performance increase, enabling new applications.  Full Article

Cree files patent infringement counterclaims
Wednesday, 11 May 2016 04:05pm EDT 

Cree Inc : Suit alleges infringement of two patents related to led bulbs .Cree files patent infringement counterclaims in u.s. District court.  Full Article

BRIEF-Cree continues to believe that likelihood of closing Wolfspeed transaction remains unchanged

* Cree Inc - continues to believe that likelihood of closing wolfspeed transaction remains unchanged