Yesterday Director John Replogle purchased 5,000 shares, and today CEO Charles Swoboda bought 10,000 shares. They are trying to tell you something. Go to your local Home Depot or Lowes and check out the light bulbs. You will see new displays and new packaging for Cree's LED bulbs. But more importantly Cree's LED bulbs are now the same price as incandescent, dimmable, available in soft white, and last 20 years. Once the consumer catches a whiff of this they will sell out. I believe this quarter will be the turning point for CREE.
Cree -3.43%; Sale Of Wolfspeed Business To Infineon Technologies Unlikely To Be Approved By CFIUS Feb. 8, 2017 5:59 PM ET|By: Eric McCaffrey, SA News Editor
Cree (NASDAQ: CREE) and Infineon Technologies ( IFNNF, IFNNY) note exploration of alternatives to modify current form of the arrangement to alleviate or address regulatory issues, though any outcome to that end remains uncertain.
Looking at this dip as a potential opportunity to get in. I'm looking at CREEs prior financials and wondering if anyone can tell me what the approx $50M non-recurring expense was in 2015? Appreciate the help in advance.
Cree Says CEO Chuck Swoboda to Step Down, Co. Reaffirms Q4 Guidance In Line With Street MIDNIGHT TRADER 9:36 AM ET 5/19/2017 09:36 AM EDT, 05/19/2017 (MT Newswires) -- Cree (CREE) shares were up almost 2% Friday morning after the technology company said CEO Chuck Swoboda will step down following a transition period.
Swoboda will stay on until a successor is appointed, and thereafter will remain available as a consultant to the company to ensure a seamless transition of leadership responsibilities.
The company said it will retain an executive search firm to identify a successor. Both internal and external candidates will be considered.
The company on Friday also reaffirmed its outlook for the Q4 ending June 25. As announced on April 25, for Q4 Cree targets revenue in a range of $340 million to $360 million, and non-GAAP EPS in the range of $0.02 to $0.07 per share.
Analysts are expecting revenue of $349.9 million and EPS of $0.04, according to Capital IQ data.