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Cree Inc (CREE.O)

CREE.O on Nasdaq

25.33USD
29 Sep 2016
Change (% chg)

$-0.19 (-0.74%)
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Latest Key Developments (Source: Significant Developments)

Cree Inc gives Q4 2016 guidance
Tuesday, 26 Apr 2016 04:01pm EDT 

Cree Inc:For Q4 2016 ending June 26, 2016, Cree targets revenue in a range of $370 million to $395 million, with GAAP gross margin targeted to be 30.7%+/- and non-GAAP gross margin targeted to be 31.5%+/-.Sees Q4 2016 GAAP net (loss) income is targeted at $(3) million to $3 million, or $(0.03) to $0.03 per diluted share, excluding any net changes associated with Cree`s Lextar investment.Sees Q4 2016 Non-GAAP net income is targeted in a range of $16 million to $22 million, or $0.16 to $0.22 per diluted share.  Full Article

Cree Inc gives Q3 2016 guidance
Tuesday, 19 Jan 2016 04:01pm EST 

Cree Inc:Says for Q3 2016, Cree targets revenue in a range of $400 million to $430 million, with GAAP gross margin targeted to be 31.0%+/- and non-GAAP gross margin targeted to be 31.7%+/-.Sees Q3 2016 GAAP net income is targeted at $4 million to $11 million, or $0.04 to $0.11 per diluted share, excluding any net changes associated with Cree's Lextar investment.Sees Q3 2016 Non-GAAP net income is targeted in a range of $22 million to $29 million, or $0.22 to $0.29 per diluted share.  Full Article

Cree Inc gives Q2 2016 guidance in line with analysts' estimates
Tuesday, 20 Oct 2015 04:01pm EDT 

Cree Inc:Sees Q2 2016 revenue in a range of $425 million to $445 million.Sees Q2 2016 GAAP net income at $1 million to $7 million, or $0.01 to $0.06 per diluted share.Sees Q2 2016 Non-GAAP net income in a range of $21 million to $27 million, or $0.21 to $0.26 per diluted share.Q2 2016 revenue of $444 million and EPS of $0.26 - Thomson Reuters I/B/E/S.  Full Article

Cree Inc gives Q1 2016 outlook
Tuesday, 11 Aug 2015 04:01pm EDT 

Cree Inc:Targets Q1 2016 revenue in a range of $410 million to $430 million.Targets Q1 2016 GAAP net loss at $16 million to $22 million, or a loss of $0.16 to $0.21 per diluted share.Targets Q1 2016 non-GAAP net income in a range of $19 million to $24 million, or $0.18 to $0.23 per diluted share.  Full Article

Cree announces the signing of Global LED Chip patent cross-license agreement with Epistar
Tuesday, 4 Aug 2015 09:00am EDT 

Cree Inc:Says Cree, Inc and Epistar Corporation have signed a worldwide patent cross-license agreement for light emitting diode (LED) chips to further advance the growth of the LED lighting and LED bulb markets.Says Cree and Epistar both hold broad and substantial LED chip patent portfolios that are important for making blue LEDs, the foundation of white LEDs found in most lighting products manufactured worldwide.Says under the terms of the agreement, each party receives a license to the other's nitride LED chip patents and is granted certain rights to non-nitride LED chip patents.Says over the term of the agreement, Cree will receive a licensing fee and royalty payments from Epistar.  Full Article

Cree Inc acquires Apei (Arkansas Power Electronics International, Inc.)
Thursday, 9 Jul 2015 08:00am EDT 

Cree Inc:Acquires Apei (Arkansas Power Electronics International, Inc.).Says transaction is not targeted to have a material impact on cree's fiscal 2016 earnings.Says under the terms of the agreement, Cree will acquire Apei in a merger transaction.  Full Article

Cree Inc updates Q4 2015 revenue guidance
Thursday, 25 Jun 2015 04:31pm EDT 

Cree Inc:Expects Q4 2015 revenue to be about $375 mln.Q4 2015 revenue $385 mln - Thomson Reuters I/B/E/S.  Full Article

Cree Inc says $500 million stock buyback authorization
Wednesday, 24 Jun 2015 04:01pm EDT 

Cree Inc:Says $500 million stock buyback authorization for fiscal year 2016.  Full Article

Cree recalls LED T8 Lamps due to burn hazard - CPSC
Wednesday, 3 Jun 2015 08:00pm EDT 

Cree Inc:Recalls LED T8 replacement lamps saying electrical arcing may cause the lamp to overheat and melt, posing a burn hazard - Consumer Product Safety Commission.This recall involves about 700,000 in the U.S. (an additional 11,500 were sold in Canada) Cree LED T8 lamps used indoors to replace traditional two pin T8 fluorescent tubes.The white lamps have a cylindrical shape and measure 48 inches long. The affected units are marked as “BT848 Series Lamp” with the product part number on the lamp itself or printed on a white label affixed to the lamp.Has received four reports of the lamps overheating and melting. No injuries have been reported.  Full Article

Cree Inc gives Q4 2015 guidance; earnings guidance below analysts' estimates
Tuesday, 21 Apr 2015 04:01pm EDT 

Cree Inc:Targets Q4 2015 revenue in a range of $420 million to $440 million.Targets Q4 2015 GAAP net income at $4 million to $9 million, or $0.04 to $0.08 per diluted share.Targets Q4 2015 Non-GAAP net income in a range of $26 million to $31 million, or $0.24 to $0.28 per diluted share.Q4 2015 revenue of $434 million, net income of $33 million and EPS of $0.29 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Cree recalls LED T8 lamps due to burn hazard

* Cree recalls led T8 lamps due to burn hazard; includes T8 lamps provided as replacements in previous recall