• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    CreeLED Inc. Files Patent Infringement Lawsuit Against NanoLumens, Inc.

    7/15/25 10:00:00 AM ET
    $PENG
    Semiconductors
    Technology
    Get the next $PENG alert in real time by email

    Cree LED, a Penguin Solutions brand (Nasdaq: PENG), today announced that it has filed a patent infringement lawsuit in the United States District Court for the Northern District of Georgia against NanoLumens, Inc. The lawsuit asserts that NanoLumens has infringed Cree LED's rights in the following patents by selling certain display products: U.S. Patent Nos. US8049230, US8901583, US9054257, US8487337, US8748915, US7718991, US9634209, US9240395, USD684545 and USD704358.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250715334750/en/

    Cree LED, a Penguin Solutions brand and a leading provider of application-optimized LED chips and components, announced that it has filed a patent infringement lawsuit in the United States District Court for the Northern District of Georgia against NanoLumens, Inc.

    Cree LED, a Penguin Solutions brand and a leading provider of application-optimized LED chips and components, announced that it has filed a patent infringement lawsuit in the United States District Court for the Northern District of Georgia against NanoLumens, Inc.

    Cree LED, a global leader in advanced LED solutions, continues to set the standard for innovation in display technology, backed by one of the industry's most robust intellectual property portfolios. For the past two decades, Cree LED has consistently delivered first-to-market breakthroughs that have redefined performance benchmarks across the digital display landscape.

    Pioneering advancements include the introduction of the industry's first IPX6/IPX8-rated surface-mount device (SMD) LEDs for displays, the development of High Contrast SMD LEDs, and the launch of proprietary FusionBeam™ Technology. These patented innovations have enabled bright, high contrast displays that work reliably indoors and outdoors, supporting digital signage applications from live events to retail installations.

    As a company deeply committed to research and development, Cree LED actively monitors the global market to identify unauthorized use of its patented technologies. This includes vigilance across the entire value chain, from manufacturers and suppliers to specifiers and end users of digital display systems.

    "Protecting our intellectual property is essential to sustaining innovation and ensuring a level playing field," said Jesse Reiherzer, vice president of Cree LED's High Bright business. "We will continue to take decisive action to defend our patents and uphold the integrity of our technology."

    Cree LED remains steadfast in its mission to drive the future of LED display technology through continuous innovation, strategic investment, and rigorous IP enforcement.

    Cree LED and FusionBeam are trademarks or registered trademarks CreeLED, Inc. All other trademarks and registered trademarks are the properties of their respective owners.

    About Cree LED

    Cree LED, a Penguin Solutions brand, offers one of the industry's broadest portfolios of application-optimized LED chips and components, leading the industry in performance and reliability. With more than 35 years of innovation, our strong IP portfolio and unique business model ensures supply chain continuity. We deliver best-in-class technology and breakthrough solutions for focused applications in high power and mid-power general lighting, horticulture, specialty lighting and video screens. For more information, visit cree-led.com.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250715334750/en/

    Media Relations

    Debi Polo

    Sr. Manager, Marketing Communications, Cree LED, Inc.

    [email protected]

    Maureen O'Leary

    Director Communications, Penguin Solutions, Inc.

    [email protected]

    Get the next $PENG alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $PENG

    DatePrice TargetRatingAnalyst
    3/31/2025$20.00Neutral
    Analyst
    1/7/2025$30.00Buy
    Loop Capital
    11/18/2024$23.00Mkt Outperform
    JMP Securities
    11/1/2024$21.00Buy
    Goldman
    10/16/2024$35.00 → $25.00Buy
    Needham
    More analyst ratings

    $PENG
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • CreeLED Inc. Files Patent Infringement Lawsuit Against NanoLumens, Inc.

      Cree LED, a Penguin Solutions brand (Nasdaq: PENG), today announced that it has filed a patent infringement lawsuit in the United States District Court for the Northern District of Georgia against NanoLumens, Inc. The lawsuit asserts that NanoLumens has infringed Cree LED's rights in the following patents by selling certain display products: U.S. Patent Nos. US8049230, US8901583, US9054257, US8487337, US8748915, US7718991, US9634209, US9240395, USD684545 and USD704358. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250715334750/en/Cree LED, a Penguin Solutions brand and a leading provider of application-optimized LED chips and c

      7/15/25 10:00:00 AM ET
      $PENG
      Semiconductors
      Technology
    • Penguin Solutions Reports Q3 Fiscal 2025 Financial Results

      Company raises midpoint of full-year GAAP and Non-GAAP diluted EPS outlook Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ:PENG) today reported financial results for the third quarter of fiscal 2025. Third Quarter Fiscal 2025 Highlights Net sales of $324 million, up 7.9% versus the year-ago quarter GAAP gross margin of 29.3%, down 30 basis points versus the year-ago quarter Non-GAAP gross margin of 31.7%, down 60 basis points versus the year-ago quarter GAAP diluted EPS of $(0.01) versus $0.10 in the year-ago quarter Non-GAAP diluted EPS of $0.47 versus $0.37 in the year-ago quarter "We delivered solid third quarter results while exe

      7/8/25 4:05:00 PM ET
      $PENG
      Semiconductors
      Technology
    • Penguin Solutions Completes Redomiciliation to the United States

      Penguin Solutions, Inc., a Delaware corporation (Nasdaq: PENG) ("Penguin Solutions" or the "Company") today announced the completion of the redomiciliation process to change the parent company of the Penguin Solutions group of companies from a Cayman Islands company to a Delaware corporation. The redomiciliation was accomplished by way of a Cayman Islands Scheme of Arrangement and was approved by an overwhelming majority of Penguin Solutions' shareholders at a Scheme Meeting held on June 16, 2025. The Grand Court of the Cayman Islands sanctioned the Scheme on June 25, 2025, and on the same date, the Scheme of Arrangement became effective in accordance with its terms upon the delivery of the

      6/30/25 4:35:00 PM ET
      $PENG
      Semiconductors
      Technology

    $PENG
    SEC Filings

    See more
    • SEC Form 144 filed by Penguin Solutions Inc.

      144 - Penguin Solutions, Inc. (0001616533) (Subject)

      7/15/25 4:01:18 PM ET
      $PENG
      Semiconductors
      Technology
    • SEC Form 10-Q filed by Penguin Solutions Inc.

      10-Q - Penguin Solutions, Inc. (0001616533) (Filer)

      7/8/25 5:17:48 PM ET
      $PENG
      Semiconductors
      Technology
    • Penguin Solutions Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Penguin Solutions, Inc. (0001616533) (Filer)

      7/8/25 4:07:21 PM ET
      $PENG
      Semiconductors
      Technology

    $PENG
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Analyst initiated coverage on Penguin Solutions with a new price target

      Analyst initiated coverage of Penguin Solutions with a rating of Neutral and set a new price target of $20.00

      3/31/25 8:16:54 AM ET
      $PENG
      Semiconductors
      Technology
    • Loop Capital initiated coverage on Penguin Solutions with a new price target

      Loop Capital initiated coverage of Penguin Solutions with a rating of Buy and set a new price target of $30.00

      1/7/25 8:18:21 AM ET
      $PENG
      Semiconductors
      Technology
    • JMP Securities initiated coverage on Penguin Solutions with a new price target

      JMP Securities initiated coverage of Penguin Solutions with a rating of Mkt Outperform and set a new price target of $23.00

      11/18/24 7:54:38 AM ET
      $PENG
      Semiconductors
      Technology

    $PENG
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SVP and Pres, Optimized LED Clark Joseph Gates sold $39,865 worth of Ordinary Shares (2,278 units at $17.50), decreasing direct ownership by 3% to 84,359 units (SEC Form 4)

      4 - Penguin Solutions, Inc. (0001616533) (Issuer)

      5/5/25 4:09:09 PM ET
      $PENG
      Semiconductors
      Technology
    • EVP, COO, Pres, Integrated Mem Pacheco Jack A covered exercise/tax liability with 2,159 units of Ordinary Shares, decreasing direct ownership by 0.93% to 229,389 units (SEC Form 4)

      4 - Penguin Solutions, Inc. (0001616533) (Issuer)

      4/22/25 4:37:41 PM ET
      $PENG
      Semiconductors
      Technology
    • SVP and CFO Olmstead Nathan covered exercise/tax liability with 557 units of Ordinary Shares, decreasing direct ownership by 0.65% to 85,375 units (SEC Form 4)

      4 - Penguin Solutions, Inc. (0001616533) (Issuer)

      4/22/25 4:35:09 PM ET
      $PENG
      Semiconductors
      Technology

    $PENG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Penguin Solutions Inc.

      SC 13G/A - Penguin Solutions, Inc. (0001616533) (Subject)

      11/14/24 12:06:26 PM ET
      $PENG
      Semiconductors
      Technology
    • SEC Form SC 13G filed by Penguin Solutions Inc.

      SC 13G - Penguin Solutions, Inc. (0001616533) (Subject)

      11/12/24 10:34:15 AM ET
      $PENG
      Semiconductors
      Technology

    $PENG
    Financials

    Live finance-specific insights

    See more
    • Penguin Solutions Reports Q3 Fiscal 2025 Financial Results

      Company raises midpoint of full-year GAAP and Non-GAAP diluted EPS outlook Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ:PENG) today reported financial results for the third quarter of fiscal 2025. Third Quarter Fiscal 2025 Highlights Net sales of $324 million, up 7.9% versus the year-ago quarter GAAP gross margin of 29.3%, down 30 basis points versus the year-ago quarter Non-GAAP gross margin of 31.7%, down 60 basis points versus the year-ago quarter GAAP diluted EPS of $(0.01) versus $0.10 in the year-ago quarter Non-GAAP diluted EPS of $0.47 versus $0.37 in the year-ago quarter "We delivered solid third quarter results while exe

      7/8/25 4:05:00 PM ET
      $PENG
      Semiconductors
      Technology
    • Penguin Solutions Announces Third Quarter Fiscal 2025 Financial Conference Call

      Penguin Solutions, Inc. ("Penguin Solutions") (Nasdaq: PENG), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that the company will host its quarterly financial webcast and conference call for its third quarter fiscal year 2025 earnings after market close on Tuesday, July 8, 2025, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast: PENG Q3 FY25 Earnings Call Webcast. Conference Call Information: Participants may also listen to the conference call by dialing: +1-833-470-1428 (

      6/18/25 4:05:00 PM ET
      $PENG
      Semiconductors
      Technology
    • Penguin Solutions Reports Q2 Fiscal 2025 Financial Results

      Revenue up 28% compared with year-ago quarter Company raises midpoint of annual revenue outlook Penguin Solutions, Inc. ("Penguin Solutions," "we," "us," or the "Company") (NASDAQ: PENG) today reported financial results for the second quarter of fiscal 2025 and announced the planned retirement of Chief Operating Officer ("COO") and President of Integrated Memory Jack Pacheco. Second Quarter Fiscal 2025 Highlights Net sales of $366 million, up 28.3% versus the year-ago quarter GAAP gross margin of 28.6%, down 20 basis points versus the year-ago quarter Non-GAAP gross margin of 30.8%, down 70 basis points versus the year-ago quarter GAAP diluted EPS of $0.09 versus $(0.26) in the y

      4/2/25 4:05:00 PM ET
      $PENG
      Semiconductors
      Technology