BofA Securities downgraded Cree from Buy to Neutral and set a new price target of $93.00 from $140.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/27/2021 | $100.00 → $90.00 | Hold | Deutsche Bank |
| 9/17/2021 | $93.00 | Neutral → Underperform | BofA Securities |
| 8/18/2021 | $140.00 → $93.00 | Buy → Neutral | BofA Securities |
| 8/18/2021 | $110.00 → $80.00 | Neutral | Piper Sandler |
| 8/18/2021 | $132.00 → $136.00 | Buy | Canaccord Genuity |
| 8/18/2021 | $115.00 → $85.00 | Equal-Weight | Wells Fargo |
| 8/16/2021 | $150.00 → $115.00 | Outperform | Cowen & Co. |
| 7/12/2021 | $126.00 → $132.00 | Buy | Canaccord Genuity |
DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, announced today that Marvin A. Riley has been appointed to the Company’s Board of Directors, effective January 25, 2021. Mr. Riley is president and chief executive officer of EnPro (NYSE: NPO), a leading industrial technology company using materials science to push boundaries in semiconductor, life sciences, and other technology-enabled sectors. “Marvin’s extensive experience in the global manufacturing and automotive sectors will be a unique asset for the company as we work with the executive team to capitalize on the vast opportunities ahead for Cree’s silicon carbide in a
DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, announced today that Marvin A. Riley has been appointed to the Company’s Board of Directors, effective January 25, 2021. Mr. Riley is president and chief executive officer of EnPro (NYSE: NPO), a leading industrial technology company using materials science to push boundaries in semiconductor, life sciences, and other technology-enabled sectors. “Marvin’s extensive experience in the global manufacturing and automotive sectors will be a unique asset for the company as we work with the executive team to capitalize on the vast opportunities ahead for Cree’s silicon carbide in a
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8-K - WOLFSPEED, INC. (0000895419) (Filer)
25 - CREE, INC. (0000895419) (Filer)
Deutsche Bank reiterated coverage of Cree with a rating of Hold and set a new price target of $90.00 from $100.00 previously
BofA Securities downgraded Cree from Neutral to Underperform and set a new price target of $93.00
BofA Securities downgraded Cree from Buy to Neutral and set a new price target of $93.00 from $140.00 previously
Company Begins Trading Today Under New Ticker "WOLF" on NYSE Following a massive four-year transformation, involving the divestiture of two-thirds of the business and a repositioning of the company's overall core strategy, today marks the creation of Wolfspeed, Inc. (NYSE:WOLF), the global leader in Silicon Carbide technology and production. The company, formerly known as Cree, Inc. (NASDAQ:CREE), officially launches under its new name with the support of a comprehensive, multi-channel, integrated marketing campaign. Wolfspeed has served as the brand for the company's Silicon Carbide materials and semiconductor devices business unit for the past six years. Built on a 30-year heritage of d
Cree, Inc. (NASDAQ:CREE), the global leader in Silicon Carbide technology through its Wolfspeed business, today announced that it will transfer the listing of its common stock to the New York Stock Exchange ("NYSE") from The Nasdaq Global Select Market. Cree expects to commence trading as a NYSE-listed company at market open on October 4, 2021 under the new ticker symbol ‘WOLF'. The Company will continue to trade its common stock on the Nasdaq until the close of the market on October 1, 2021. As previously announced, the Company will also change its corporate name from Cree, Inc. to Wolfspeed, Inc. effective October 4, 2021. "We are pleased to join the NYSE, one of the world's most prestig
Cree, Inc. (NASDAQ:CREE), the global leader in silicon carbide technology through its Wolfspeed business, today announced that Cengiz Balkas, senior vice president and general manager of materials, and Tyler Gronbach, vice president of investor relations, will present virtually at the Citi 2021 Virtual Global Technology Conference on Wednesday, September 15, 2021 at 9:40AM ET. A live webcast of the presentation will be available on the Investor section of Cree's website. To access the webcast, please visit http://investor.cree.com/events.cfm. About Cree, Inc. Cree is an innovator of Wolfspeed® power and radio frequency (RF) semiconductors. Cree's Wolfspeed product families include silico
4 - CREE, INC. (0000895419) (Issuer)
4 - CREE, INC. (0000895419) (Issuer)
4 - CREE, INC. (0000895419) (Issuer)
Cree, Inc. (NASDAQ:CREE) today announced revenue from continuing operations of $145.8 million for its fourth quarter of fiscal 2021, ended June 27, 2021. This represents a 35% increase compared to revenue from continuing operations of $108.4 million reported for the fourth quarter of fiscal 2020, and a 6% increase compared to the third quarter of fiscal 2021. GAAP net loss from continuing operations for the fourth quarter of fiscal 2021 was $145.2 million, or $1.26 per diluted share, compared to GAAP net loss from continuing operations of $44.2 million, or $0.41 per diluted share, for the fourth quarter of fiscal 2020. On a non-GAAP basis, net loss from continuing operations for the fourth
Cree, Inc. (NASDAQ:CREE), the global leader in silicon carbide technology through its Wolfspeed business, will conduct a conference call and audio webcast to discuss its fourth quarter fiscal 2021 results and business outlook on August 17, 2021, at 5:00 p.m. Eastern Time. After the close of the market on August 17, and prior to the conference call, Cree will issue a copy of the earnings press release via Business Wire. The press release may also be viewed on Cree's website at www.cree.com. To listen to a live webcast of the call, simply go to http://investor.cree.com/events.cfm and follow the login instructions. The recorded webcast will also be available at the site for replay. About Cr
Cree, Inc. (NASDAQ:CREE) today announced revenue from continuing operations of $137.3 million for its third quarter of fiscal 2021, ended March 28, 2021. This represents a 21% increase compared to revenue from continuing operations of $113.9 million reported for the third quarter of fiscal 2020, and an 8% increase compared to the second quarter of fiscal 2021. GAAP net loss from continuing operations for the third quarter of fiscal 2021 was $66.5 million, or $0.59 per diluted share, compared to GAAP net loss from continuing operations of $56.2 million, or $0.52 per diluted share, for the third quarter of fiscal 2020. On a non-GAAP basis, net loss from continuing operations for the third qua