CREE News and Headlines - Cree Inc

GuruFocus Articles Total 37
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Firm also upped FibroGen stake in December

Media-shy investment firm PRIMECAP Management (Trades, Portfolio) revealed earlier this week it curbed its stakes in two companies and added to its position in another on Dec. 31.

The California-based firm, which was founded in 1983, manages the Odyssey Funds. It seeks to provide long-term capital appreciation by investing in companies with stronger growth potential than their valuations suggest and that trade at reasonable prices.

According to GuruFocus Real-Time Picks, a Premium feature, Primecap reduced its Cree Inc. (CREE) stake by 46.45% and its BioMarin Pharmaceutical Inc. (BMRN) position by 0.24%. Its holding of FibroGen Inc.

250 Views    Sydnee Gatewood    2021-01-08 17:21
Cree, Vicor jump on financial results

Shares of Cree Inc. (CREE) jumped more than 5% on Wednesday after the company reported first-quarter 2019 results. The company posted earnings of 22 cents per share on $408.27 billion in revenue, a 13.3% year-over-year increase. It beat earnings estimates by 10 cents and revenue expectations by $0.98 million.

“Fiscal year 2019 is off to a strong start, with first quarter non-GAAP earnings per share that exceeded the top end of our target range driven by another quarter of robust growth in Wolfspeed combined with strong gross margin improvement in LED Products and Lighting," CEO Gregg Lowe

9 Views    Omar Venerio    2018-10-17 21:38
SuperValu declined, but Cree increased

Shares of SuperValu Inc. (SVU) lost around 10% on Wednesday on the back of the company announcing second-quarter results.

It posted a net loss of $25 million, or 65 cents per share. Adjusted EPS was 46 cents, beating analysts' expectations by 10 cents. Revenue of $3.8 billion was up 35.2% year over year and beat expectations of $3.79 billion.

President and CEO Mark Gross said the key for strong growth was the management of the company's strategy, especially in the core wholesale business, which represents more than 70% of net sales.

“Additionally, our results now include the benefit of Unified

118 Views    Omar Venerio    2017-10-18 18:53
Insiders acquire shares in Cree and Kingsway Financial Services

According to GuruFocus Insider Data, the recent chief financial officer (CFO) buys were: Cree Inc. (CREE) and Kingsway Financial Services (KFS).

Cree CFO bought 5,000 shares

Executive Vice President and CFO Michael E. McDevitt bought 5,000 shares for $22.2 per share on Oct. 21. The stock price has decreased by 2.79%.

Cree has a market cap of $2.15 billion, and its shares were traded around $21.58. The company has a price-sales (P/S) ratio of 1.44.

Cree announced its second-quarter results with revenues of $388.41 million and gross profit of $113.02 million while the net loss was $10.64 million. The

1032 Views    Myra Ramdenbourg    2016-11-01 18:50
Insider purchases 10,000 shares

Cree Inc. (CREE) CEO, President and Chairman Charles Swoboda (Insider Trades)Â acquired 10,000 shares on Oct. 20. The price per share was $22.22 for a total transaction of $222,200.

Cree, a manufacturer of lighting products and semiconductor products for power and radio frequency (RF) applications, has a market cap of $2.21 billion.

The number and volume of insider buys and insider sells shared an inverse relationship from 2013 to 2015. The number and volume of insider buys increased each year starting in 2013, when there were no insider buys, to the following year, when there were two insider

572 Views    Jennifer Chiou    2016-10-24 21:52
CEOs' largest buys include Akamai, Ryman, OPKO, Cree

According to GuruFocus’ Insider Data, these are the largest CEO buys during the past week. The overall trend of purchases is illustrated in the chart below:

Akamai Technologies CEO bought 18,276 shares

Akamai Technologies Inc. (AKAM) CEO F. Thomson Leighton bought 18,276 shares for $54.70 per share on Oct. 17. The stock price has increased by 5.43% since.

Akamai provides cloud services for delivering, optimizing and securing online content and business applications. It has a market cap of $10.08 billion. Its shares traded at $57.67 per share as of Oct. 21Â with a price-earnings (P/E)

507 Views    Joy Hu    2016-10-24 15:58
Insider buys from Genuine Parts Co., Cree Inc., Lions Gate Entertainment Corp. and AquaVenture Holdings Ltd.

According to GuruFocus’ insider data, these are the largest Insider buys during the past week.

Genuine Parts Co. (GPC): Chairman Thomas Gallagher Bought 3,000 Shares

Chairman of Genuine Parts Co. Thomas Gallagher bought 3,000 shares on Oct. 20.

Genuine Parts Co. is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products, and other electronic materials. The company has a distribution network of over 2,650 operations located throughout the U.S., Canada, Mexico, the Caribbean, Australia, New Zealand and China. The company has a market cap of $13.49 billion. As of Oct. 21, it traded

216 Views    Shuda Xia    2016-10-24 15:43

Ray Dalio (Trades, Portfolio) founded the Connecticut-based hedge fund Bridgewater Associates in 1975. Today, it manages approximately $169 billion in assets for a variety of institutional clients, including governments and central banks, university endowments and charitable foundations.

During the first quarter, Dalio purchased 90 new stocks; the portfolio now contains 328 stocks with a quarter-over-quarter turnover of 7%.

The vast majority of the portfolio (87.2%) is invested in ETFs and options. This is followed by the technology sector at 3.4%, and energy at 2.3%.

The following are the five largest new buys during Q1.

Coca-Cola (KO)

Dalio

1730 Views    Sheila Dang    2015-05-18 17:52

Cree (CREE) is keen on improving its operating margin, accelerating revenue growth and added operating leverage through the business. The Power, Lighting and RF product offerings are expanding, but this growth is offset by the declining LED products sales.

Cree minimized operating expenses in first quarter, but remains focused on accelerating investment in R&D, marketing and sales for allowing long-term growth.

Cree has developed an incredible IP portfolio since the past 27 years. Cree’s short-term investment in legal cost is expected to help future revenue and earnings growth combined with improved LED licensing income and higher LED product margin.

Some

739 Views    starskyinvestments    2015-02-24 19:33

Cree (CREE) continues to tap growing opportunities in an LED lighting market that looks attractive in the long run. Its innovation in new high-power lighting applications and more efficient products such as the XLamp XP-L are creating new value for its customers across the world. This should enhance its results going forward.

Cree is making significant progress in areas that are critical to tapping this strong growth. Its new XLamp XP-L product better reflects this innovation. This product is more than 50% brighter than previous generation products. In addition, the company has recently announced the ZR high efficiency troffer. It

1242 Views    techjunk13    2014-12-15 15:30

Various research companies and analysts anticipate the LED lighting market to grow 45% per year through 2019. The market sizeof LED lighting was $4.8 billion in 2012, and is anticipated to reach $42 billion by 2019. This market is projected to grow annually at a CAGR (compound annual growth rate) of 12% from 2012 to 2017. The LED lighting market growth is mainly due to reducing prices, higher luminous and increased interest by the channels in pushing LEDs to consumers, this is providing deeper penetration. Cree (CREE), is one of the leading player in the LED lighting and fixture market

1148 Views    shash63    2014-12-06 18:37

Innovation has helped Cree (CREE) become a market leader in LED lighting, as it is creating value for customers. Having delivered robust results once again, Cree is aiming at maintaining its growth momentum and is seeking ways to bring innovation to its products to further enhance its prospects. The company sees bright opportunity with the growth of LED technology. It is making efforts to develop this opportunity, setting new performance standards in the market, which will help it to reach new heights.

Doing well already

The company has already justified itself in the semiconductor business. But now, it is focusing

1224 Views    insight solutions    2014-11-22 19:07

Light-transmitting diode maker Cree (CREE) cratered not long ago after the company’s second quarter results came in below consensus estimates. The company has been on a stellar run so far in the not so distant future, however lost 20% of its market capitalization in a single day, despite the fact that it saw marvelous development in its earning and income.

However, Cree is a pure play LED Lighting company, along these lines, the late drop resembles a decent open door for financial specialists to add to their positions. As per a Mckinsey report, the overall LED lighting business sector will

886 Views    Anandj    2014-09-28 23:37

Orion Energy Systems Inc. (OESX) is a small company (~$105 million market cap) headquartered in Wisconsin that manufactures and sells lighting and energy management systems. The company has provided lighting solutions for major customers such as PepsiCo, Sysco, Kraft Foods and Coca-Cola. Heavy insider buying and a compelling growth story make Orion an intriguing investment opportunity.

Background and management

In 2012 Orion founder and CEO Neal Verfuerth was replaced as CEO by Engineering Systems division president John Scribante. While no official reason was cited, the company’s performance and share price had struggled after its 2007 IPO. Scribante and his team

896 Views    Kevin Wrotenbery    2014-08-28 22:21

Cree (CREE) has had a disappointing time in 2014, with the stock down around 20%. However, the company's results have been strong, and since it is sitting on a big opportunity in the form of LED lighting, it might be a good buy on the drop.

Terrific results

Cree's results have been strong. In its third quarter of fiscal 2014, it reported an increase in total revenue by 16% to $405 million, while net operating income was $47.7 million. The gross margin was 37.8% in the quarter, and operating profit increased 20% year-over-year to $53.6 million, all within the

473 Views    Iampat    2014-08-25 19:24

Cree (CREE) has had a disappointing time in 2014, with the stock down around 20%. However, the company's results have been strong, and since it is sitting on a big opportunity in the form of LED lighting, it might be a good buy on the drop.

Terrific results

Cree's results have been strong. In its third quarter of fiscal 2014, it reported an increase in total revenue by 16% to $405 million, while net operating income was $47.7 million. The gross margin was 37.8% in the quarter, and operating profit increased 20% year-over-year to $53.6 million, all within the expected

578 Views    Iampat    2014-08-21 19:56

Cree (CREE) has been developing by means of leap forward developments and enhancing terrible edge, on the other hand, the stock cost has been conflicting. Cree's profit have climbed 54% in each of the last two quarters, yet the stock cost hasn't reflected this development and is down very nearly 23% since August 2013. The drop may be baffling for Cree investors, yet the organization's prospects look extremely solid.

The Bulb Ban And The Opportunity

The standard radiant light as we know it is currently a relic of past times. As per the 2007 Energy Independence and Security Act, it

1070 Views    sandyinvestment    2014-07-28 13:17

The LED lighting market is anticipated to grow 45% per year through 2019. The LED lighting market at $4.8 billion in 2012 is anticipated to go to $42 billion by 2019. This anticipated market size has provided a driving force to companies like CREE. The Company remains focused on product innovation and to expand its product offering. CREE is continually engaged in development of low cost next generation LED bulb, with new price points leading to LED adoption. The company adopts a reinvesting policy from its profits to fund additional marketing investments and generate even more awareness that the Cree

1664 Views    shash63    2014-07-12 23:54

LED specialist Cree (CREE) crashed after the company's guidance for the current quarter turned out to be weaker than expected. Cree's management is looking to capture more market for its LED products, a space where bigger players such as General Electric (GE) and Philips also operate.

This is the reason why Cree is stepping up its marketing efforts, but unfortunately, the Street doesn't seem to be recognizing this as the stock has dipped considerably in the last few days.

Bulb Ban

The standard incandescent light bulb as we know it is now a thing of the past. As per the

617 Views    Vinay Singh    2014-06-26 22:04

LED lighting specialist Cree (CREE) was identified as one of 2014's 50 Smartest Companies in MIT Technology Review's annual list of the world's most innovative technology companies. The company has been growing via breakthrough innovations and improving gross margin, however, the stock price has been inconsistent. Cree's earnings have climbed 54% in each of the last two quarters, but the stock price hasn't reflected this growth and is down almost 23% since August 2013. The drop may be frustrating for Cree investors, but the company's prospects look very strong.

The company released its quarterly report in January. The numbers were

1709 Views    Ayush Singh    2014-06-08 14:54

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