Technology StocksCree Inc.

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From: Sam10/12/2015 11:49:15 PM
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The move to keep the bright lights on Oct 9, 2015, 6:00am EDT

Lauren K. Ohnesorge Staff Writer Triangle Business Journal

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To: Sam who wrote (9748)10/12/2015 11:50:55 PM
From: Sam
   of 9869
Duke Energy: The LED-CFL gap is decreasing in the Carolinas Oct 9, 2015, 12:54pm EDT Updated Oct 9, 2015, 12:57pm EDT

But Jed Dorsheimer, analyst for Canaccord Genuity, says that, if we think the LED business is all about consumer bulb adoption, we’re missing the point. Consumer bulbs aren’t the real business driver, he says, calling consumer bulbs “a temporary transitory technology to get people more familiar and to get this technology into homes and into sockets."

Take Cree.

“The driver of Cree’s business is going to be their commercial and industrial lighting products, not the bulb business,” he says. He predicts the lights themselves will be a commodity. “The benefit of LEDs is the fact that you’re going to a digital technology, and once you go to digital, there’s a whole host of things you could do that you could never do with lighting before.”

He sees a future where the streetlights themselves are Wi-Fi hotspots, where signal lights can automatically come on in the event of an emergency. Where LEDs can be completely controlled via smartphone.

[more at the link]

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From: sfnsie10/14/2015 10:58:36 PM
   of 9869
We may have here a breakout to watch over $27.12. Technical upgraded to a buy at stoxline. Six months target: $31.66.

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To: sfnsie who wrote (9750)10/15/2015 8:23:17 AM
From: The Ox
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To: Sam who wrote (9749)10/23/2015 3:33:06 PM
From: Ron
   of 9869
Cree, Inc. to Webcast Upcoming Presentations
DURHAM, N.C., Oct 22, 2015 (BUSINESS WIRE) --
Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced it will webcast its presentation at two upcoming events.
Chuck Swoboda, chairman and chief executive officer, will provide a company overview at the following event:
-- Cree's Fiscal Year 2015 Annual Meeting of Shareholders on Tuesday, October 27, at 10:00 a.m. ET.
Mike McDevitt, chief financial officer, will provide a company overview at the following event:
-- The Credit Suisse Annual Technology Conference on Thursday, December 3, at 6:00 p.m. ET.
A webcast of each presentation will be available live on our website. To access the live webcasts, as well as any slide presentation used during the conference, please visit Cree's website at
About Cree, Inc.
Cree is leading the LED lighting revolution and making energy-wasting traditional lighting technologies obsolete through the use of energy-efficient, mercury-free LED lighting. Cree is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor products for power and radio frequency (RF) applications.
Cree's product families include LED fixtures and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, power-switching devices and RF devices. Cree products are driving improvements in applications such as general illumination, electronic signs and signals, power supplies and solar inverters.
For additional product and company information, please refer to

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From: Sam11/6/2015 8:58:16 AM
   of 9869
Computer generated stuff on CREE today--why its tanking in pre-market.

Cree Cut to Sell at Goldman Sachs (CREE)
November 6th, 2015 - 0 comments - Filed Under - by Faye Duncan

Cree (NASDAQ:CREE) was downgraded by analysts at Goldman Sachs from a “neutral” rating to a “sell” rating in a report released on Thursday, The Fly reports. A number of other analysts have also issued reports on the company. Stephens restated an “overweight” rating and set a $45.00 target price on shares of Cree in a report on Wednesday, October 21st. Zacks raised Cree from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, October 21st. Canaccord Genuity reissued a “hold” rating and issued a $28.00 target price (up from $21.00) on shares of Cree in a research report on Wednesday, October 21st. Northland Securities reaffirmed a “market perform” rating on shares of Cree in a research report on Thursday, October 15th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $30.00 target price on shares of Cree in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $29.67.

In related news, Director Anne Clem Whitaker sold 1,994 shares of Cree stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $26.74, for a total value of $53,319.56. Following the completion of the sale, the director now owns 14,248 shares in the company, valued at approximately $380,991.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cree ( NASDAQ:CREE) traded up 0.22% during midday trading on Thursday, reaching $27.02. The company’s stock had a trading volume of 1,077,354 shares. The firm’s market cap is $2.80 billion. The company’s 50-day moving average is $25.21 and its 200 day moving average is $27.34. Cree has a 12-month low of $23.11 and a 12-month high of $39.81.

Cree (NASDAQ:CREE) last announced its quarterly earnings results on Tuesday, October 20th. The LED producer reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm earned $425.50 million during the quarter, compared to analysts’ expectations of $418.67 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts forecast that Cree will post $1.00 earnings per share for the current year.

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To: Sam who wrote (9753)12/9/2015 10:06:44 PM
From: Stevefoder
   of 9869
New change in LED consumer market.

I have recently been to Lowes and found very inexpensive LED household light bulbs made by Utilitech. The new bulbs are about $3.98 for two 60 W equivalents. Just under $2.98 for 2 40 W equivalents. They are "warm white". (Prices have come down since then).

The only disadvantage is that they are rated 4.6 year bulbs versus other LED's rated about 22 years. Big deal. They are cheap. In 4.6 years they will be replaced by cheaper and better lamps. By then I will live in a different house.

I have installed 6 of the 60 W version and I am very pleased.

This is a game changer in the consumer area. It will hurt Cree.

Sidenote: None of the 6 bulbs I replaced were burned out. I just got tired of having the CFL's turn on dark and taking 2 minutes to get to full brightness. NO MORE CFL'S. The LED's now have the quality and low price to replace the CFL's today.

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To: Stevefoder who wrote (9754)12/10/2015 1:55:02 PM
From: Ron
   of 9869
Lowe's was recently selling those bulbs as low as One Dollar... I tried one, and it works fine.
Definitely some competitive price pressure coming to the consumer LED market. Not so sure about
industrial and larger applications.

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From: more1001/20/2016 9:19:52 AM
   of 9869
Cree’s ($CREE) second quarter revenues and non-GAAP earnings per share were ahead of estimates. The company’s third quarter non-GAAP earnings are positive, although its revenue guidance for the quarter is light.

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To: richardred who wrote (9740)1/20/2016 1:31:40 PM
From: richardred
1 Recommendation   of 9869
Cree to delay Wolfspeed IPO
Jan 19, 2016, 5:59pm EST Updated Jan 20, 2016, 8:47am EST
Lab Support, a division of On Assignment

The business segment made up 6 percent of the overall revenue in the quarter, making up $27.5 million.

Perhaps more critical to Cree's core business, the company has, at long last, completed its LED business restructuring, a move that meant factory consolidation in Durham and “overhead costs reductions,” says Swoboda. The company has not been specific about how the move impacted the Durham headcount.

And the company is in a flexible enough cash position that acquisitions are a possibility in 2016, Swoboda says.

It's been a rocky year for Cree on the Nasdaq.

A year ago, shares were selling for $32.34. But in June, following the announcement that it would be restructuring its LED business, stock dropped to a three-year low. And it has yet to recover.

In Wednesday morning Wall Street action, the company's shares are expected to trade higher following the earnings report on Tuesday. Cree reported $435.8 million revenue for the December-ending quarter, slightly higher than what analysts had expected. The company also reported 30 cents in earnings-per-share, substantially higher than the analyst expectations of 24 cents EPS.

Revenue by segment:

  • Lighting products: $255 million
  • LED products: $153.4 million
  • Power and RF: $27.5 million


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