Cree Inc (CREE.O) Key Developments | Reuters.com
Edition:
United States

Cree Inc (CREE.O)

CREE.O on Nasdaq

23.78USD
1:52pm EDT
Change (% chg)

$0.30 (+1.28%)
Prev Close
$23.48
Open
$23.80
Day's High
$23.95
Day's Low
$23.57
Volume
375,440
Avg. Vol
1,303,258
52-wk High
$32.92
52-wk Low
$22.10

Latest Key Developments (Source: Significant Developments)

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

Cree Inc gives Q3 2015 outlook in line with analysts' estimates
Tuesday, 20 Jan 2015 04:01pm EST 

Cree Inc:Targets Q3 2015 revenue in a range of $395 million to $415 million.Says Q3 2015 GAAP net income is targeted at $3 million to $8 million, or $0.03 to $0.07 per diluted share.Says Q3 2015 Non-GAAP net income is targeted in a range of $23 million to $28 million, or $0.21 to $0.25 per diluted share.Q3 2015 revenue of $404 million, net income of $25 million and EPS of $0.21 - Thomson Reuters I/B/E/S.  Full Article

Charles & Colvard and Cree enter into a new exclusive supply agreement
Tuesday, 16 Dec 2014 07:30am EST 

Charles & Colvard Ltd:Enters into a new exclusive Supply Agreement on Dec. 12 with Cree, Inc. for purchases of silicon carbide (SiC) crystals.New Exclusive Supply Agreement supersedes and replaces the existing Amended and Restated Exclusive Supply Agreement with Cree that is set to expire in 2015.New Exclusive Supply Agreement is set to expire in June 2018.  Full Article

Harvatek Corp files lawsuit against Cree, Inc., Cree Hong Kong Limited and Cree Shanghai Opto Development Limited
Sunday, 7 Dec 2014 10:52pm EST 

Harvatek Corp:Filed a lawsuit against Cree, Inc., Cree Hong Kong Limited and Cree Shanghai Opto Development Limited claiming the production of defendants infringe a U.S patent of the company.  Full Article

Harvatek Corp receives lawsuit filed by Cree Inc
Friday, 31 Oct 2014 02:38am EDT 

Harvatek Corp:Cree, Inc. filed a lawsuit against the company claiming that the LED product of the company infringes its six U.S patents.  Full Article

Cree announces increase of company's stock repurchase program
Monday, 27 Oct 2014 06:30pm EDT 

Cree Inc:Approved an increase in the amount of the company's stock repurchase program.Ant to the program, the Company is now authorized to repurchase shares of its common stock having an aggregate purchase price not exceeding $550 million for all purchases for fiscal 2015.  Full Article

Cree Inc gives Q2 2015 outlook below analysts' estimates
Tuesday, 21 Oct 2014 04:01pm EDT 

Cree Inc:Targets Q2 2015 revenue in a range of $400 million to $420 million.Says Q2 2015 GAAP net income is targeted at $6 million to $10 million, or $0.05 to $0.09 per diluted share.Says Q2 2015 Non-GAAP net income is targeted in a range of $24 million to $29 million, or $0.20 to $0.24 per diluted share.Q2 2015 revenue of $452 million, net income of $47 million and EPS of $0.39 - Thomson Reuters I/B/E/S.  Full Article

Cree Inc lowers Q1 2015 gudiance
Thursday, 2 Oct 2014 08:00am EDT 

Cree Inc:Expects Q1 2015 revenue to be about $428 mln.Expects Q1 2014 earnings below the company's previously announced target range of $0.25 to $0.30 per diluted share on a GAAP basis.Q1 2015 revenue of $439 mln and EPS of $0.38 - Thomson Reuters I/B/E/S.  Full Article

CORRECTED-MOVES-Cree retires from Deutsche Bank's SSA business

LONDON, May 31 (IFR) - Nigel Cree has retired from his job as co-head of sovereign, supranational and agency origination and syndicate at Deutsche Bank, becoming the latest official to leave the bank as it undergoes a deep restructuring.