Tag Archives: cree

Piper Jaffray: Cree Inc (CREE) Remains LED Leader In China

According to Benzinga, Piper Jaffray published a bullish research report on Cree Inc (CREE) saying the company remains the LED leader in China and that China based LED companies are still 2-3 years behind on technology.  As a result, the firm believes CREE will be a big beneficiary of the ongoing demand for LED street lamps which is a market they believe will grow another 80% this year.  CREE currently owns a 70% share … Read the rest

Cree Inc (CREE) Misses, Issues Weak Guidance, Shares Down AH

The LED leader Cree Inc (CREE) continues to have a bit of a tough go in earnings season, missing analyst estimates and issuing weak guidance once again.  The company reported a non GAAP EPS of .25/share on revenues of $304 million.  It wasn’t an awful quarter with the company missing estimates by a small margin and posting quarter over quarter growth of 18%, but traders don’t like the guidance sending shares down nearly 5% in … Read the rest

Cree Inc (CREE) Reports Inline, But Guidance Fairly Weak

Cree Inc (CREE), the LED lighting leader, posted its earnings results after the bell today and it was a so so report.  The company reported results right about inline with what analysts expected with a non GAAP EPS of .25/share which is a 58% decrease over the year ago quarter on revenues of $269 million, also inline.  However guidance is mixed and the company sees EPS this quarter of .25 – .28/share vs the consensus … Read the rest

Cree Inc (CREE) Drops AH After $500 Million Purchase Of Ruud Lighting, But Creates Indoor/Outdoor LED Powerhouse

Cree Inc (CRFE) has taken a bold step after hours in order to further expand its role as LED leader with a purchase of Wisconsin based Ruud Lighting which specializes in outdoor LED lighting.  In my opinion great move from Cree since LED lighting may be adopted on a wider scale first in the outdoor setting.   The acquisition creates a powerhouse in the indoor and outdoor LED arenas.

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Cree Inc (CREE) Beats Estimates, But Guidance A Bit Soft

There are going to be some remarkable entries at some point for some green stock leaders such as LED king Cree Inc (CREE), but it’s likely still a bit too soon to consider larger positions.  Part of the reason for that is due to the amount of technical damage to work through as well as the cautiously optimistic earnings comments I’m seeing in companies that have reported so far.  Quite a few companies are edging … Read the rest

Cree Inc (CREE) Missed Again, Guided Lower, Still No Sign Of Bottom

I was out on vacation all last week so apologies for the lack of posting here.  I’ll be getting back to full speed very soon.  I’ll probably be posting about the most important news events of last week today to get caught up.  One important event of last week was the earnings report out of LED leader Cree Inc (CREE).  The company disappointed analysts again missing the EPS estimate and guiding lower as well.  The … Read the rest

Cree Inc (CREE) Sinks To 52 Wk Low After Slashing Revenue Guidance 15%

Shares of Cree Inc (CREE) are touching new 52 week lows this morning after the company lowered Q3 guidance.  They now see revenue in the range of $215 – $220 million (down from previous estimate of $245 – $265 million) due to lower demand for both chips and other components.  This comes after the company reported disappointing earnings results and guidance in January that was already lower than analyst expectations. 

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Cree Inc (CREE) Misses, Guides Lower, Shares Down 15% AH

Cree Inc (CREE) posted earnings results after the bell today and it didn’t meet the continued lofty expectations of Wall St as traders sent the stock down more than 15%.  The company reported a non GAAP EPS of .55/share on revenues of $257 million but that was shy of Wall St estimates of .58/share in EPS on revenues of $277 million.  Those numbers still represent solid quarter over quarter growth of 55% and 29% in … Read the rest

Denny’s (DENN) Chooses Cree Inc (CREE) For Its LED Lighting Solution

Denny’s (DENN) is joining the LED lighting revolution and announced it will use Cree Inc’s (CREE) LR6 LED downlights in dining areas and restrooms for all new and remodeled locations.  The company evaluated many solutions and determined Cree offered the the most value.  One franchisee found they used 6000kW/hrs less per month after switching to LED and was able to save over $15K/month across five locations.  No word on what the up front cost was, … Read the rest

Cree Inc (CREE) Announces Higher Efficiency XLamp White LEDs

Cree Inc (CREE) recently announced that its new XLamp XP-E High Efficiency White LEDs which enable LED fixture and bulb manufacturers to use half the amount of LEDs are now commercially available.  The new LEDs which use Cree’s Direct Attach technology  will help drive down costs while delivering the same performance.

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“One of the major barriers to LED lighting adoption and design remains upfront cost,” said
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