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Last $31.87 USD
Change Today -0.36 / -1.12%
Volume 2.6M
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

cree inc (CREE) Snapshot

Open
$32.10
Previous Close
$32.23
Day High
$32.47
Day Low
$31.67
52 Week High
07/3/14 - $53.33
52 Week Low
10/22/14 - $27.25
Market Cap
3.5B
Average Volume 10 Days
2.9M
EPS TTM
$0.47
Shares Outstanding
109.1M
EX-Date
--
P/E TM
67.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for CREE INC (CREE)

cree inc (CREE) Related Businessweek News

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cree inc (CREE) Details

Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The company’s LED Products segment provides blue and green LED chips that are used in various applications, including video screens, gaming displays, function indicator lights and automotive backlighting, headlamps, and directional indicators; LED components comprising packaged LED products for lighting applications, and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications; and silicon carbide (SiC) materials, which are used in manufacturing products for RF, power switching, gemstone, and other applications. Its Lighting Products segment offers LED and traditional lighting systems for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting, parking structures, and other applications. This segment sells its products to distributors, retailers, and customers. The company’s Power and RF Products segment provides SiC-based power products, such as Schottky diodes, SiC metal semiconductor field-effect transistors, and SiC power modules that are used in power supplies in computer servers, solar inverters, uninterruptible and industrial power supplies, and other applications; and RF devices, including a range of GaN high electron mobility transistors (HEMTs) and monolithic microwave integrated circuits (MMICs) for military, telecom, and other commercial applications, as well as provides foundry services for GaN HEMTs and MMICs that allow customers to design their own custom RF circuits. Cree, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.

7,130 Employees
Last Reported Date: 08/27/14
Founded in 1987

cree inc (CREE) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $742.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $391.9K
Vice Chairman of Lighting and Director
Total Annual Compensation: $439.3K
Executive Vice President of Lighting
Total Annual Compensation: $379.2K
Vice President of Lighting Operations
Total Annual Compensation: $307.8K
Compensation as of Fiscal Year 2014.

cree inc (CREE) Key Developments

Cree, Inc. Introduces LR22 Architectural Troffer

Cree, Inc. introduced the new LR22 LED troffer. A fully luminous, highly diffused architectural fixture, the new LR22 troffer incorporates a recessed flat panel design that creates an appealing and quiet aesthetic to seamlessly blend into any ceiling. Featuring Cree TrueWhite Technology, the new LED troffers offer the perfect combination of even light distribution and low glare lighting for commercial applications looking for superior color quality and sustainable economics with increased energy efficiency and rapid payback. Payback calculated against a fluorescent 3x17 watt troffer on 24/7 hours operating time and on 60.000 hours lifetime. The payback on a commercial usage of 11 hours, calculated on 10 years lifetime is of 3.5 years. Offered in both neutral and cool color temperatures of 3500K and 4000K, the LR22 troffer delivers the color quality in a 2-by-2-foot configuration with efficacy of 100 lumens per watt. The new troffer can deliver energy savings of up to 40% compared to fluorescent lighting and is backed by Cree’s 10 year warranty. Featuring on-board 0-10V dimming capabilities, the new LR22 troffer allows for increased design flexibility in addition to increased energy savings and reduced maintenance savings when utilizing continuous dimming or energy saving controls.

Cree, Inc. Releases New 50V Broadband GaN HEMT

Cree, Inc. has extended its family of unmatched 50V gallium nitride (GaN) high electron mobility transistors (HEMTs) with a new 50W packaged part that provides high performance broadband solutions for a variety of RF and microwave applications up to 4GHz, including narrow band UHF applications, L- and S-Band applications, and multi-octave bandwidth amplifiers. Available in two-leaded flange and pill packages, the new CGHV40050 exhibits high efficiency, high gain, and wide bandwidth performance all of which can be demonstrated using the a 0.8“2.0GHz high power amplifier (HPA) reference design included in the datasheet in addition to high power density, and low parasitics. Delivering 50W typical output power up to 4GHz operation, the CGHV40050 typically provides 17.5dB small signal gain at 1.8GHz and 55% efficiency at PSAT, and is rated for an operating junction temperature (TJ) of 225°C, and case operating temperatures (TC) spanning -40°C to +80°C.

Cree, Inc. Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 29, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending June 28, 2015

Cree, Inc. announced consolidated unaudited earnings results for the third quarter and nine months ended March 29, 2015. For the quarter, the company reported total revenues of $409,519,000 against $405,259,000 a year ago. Operating income was $1,517,000 against $30,379,000 a year ago. Income before income taxes was $651,000 against $33,531,000 a year ago. Net income was $651,000 against $28,164,000 a year ago. Diluted earnings per share were $0.01 against $0.23 a year ago. Non-gaap operating income was $26,074,000 against $53,647,000 a year ago. Non-gaap diluted net income per share was $0.22 against $0.39 a year ago. Non-GAAP net income was $24,965,000 against $47,710,000 a year ago, as a lower tax rate offset reduced gross profits due to lower factory utilization, driven by inventory reductions and an unfavorable product mix. Cash flows from operations were $65,647,000 against $60,183,000 a year ago. Pp&e spending was $44,902,000 against $36,164,000 a year ago. Patents spending were $4,946,000 against $4,709,000 a year ago. For the nine months, the company reported total revenues of $1,250,348,000 against $1,211,351,000 a year ago. Operating income was $23,159,000 against $102,554,000 a year ago. Income before income taxes was $26,925,000 against $111,927,000 a year ago. Net income was $23,932,000 against $94,342,000 a year ago. Diluted earnings per share were $0.21 against $0.77 a year ago. Non-gaap operating income was $95,301,000 against $170,615,000 a year ago. Non-gaap diluted net income per share was $0.79 against $1.23 a year ago. Non-GAAP net income was $91,356,000 against $151,718,000 a year ago. Cash flows from operations were $93,699,000 against $228,170,000 a year ago. Pp&e spending was $158,277,000 against $119,614,000 a year ago. Patents spending were $14,550,000 against $14,755,000 a year ago. For the fourth quarter of fiscal 2015 ending June 28, 2015, Cree targets revenue is to be in a range of $420 million to $440 million, which is comprised of: strong growth in lighting revenue, led by higher commercial fixture sales; LED sales similar sequentially; and incrementally higher Power and RF revenue, with GAAP gross margin targeted to be 31.3%+/- and non-GAAP gross margin targeted to be 32.0%+/-. GAAP gross margin targets include stock-based compensation expense of approximately $3.3 million, while its non-GAAP targets do not. The tax rate is targeted at 9.0%+/- for the fourth quarter of fiscal 2015. GAAP net income is targeted at $4 million to $9 million, or $0.04 to $0.08 per diluted share. Non-GAAP net income is targeted in a range of $26 million to $31 million, or $0.24 to $0.28 per diluted share. The GAAP and non-GAAP net income per diluted share targets are based on an estimated 108.5 million diluted weighted average shares. Targeted non-GAAP earnings exclude expenses related to the amortization of acquired intangibles, changes in the fair value of its Lextar investment, stock-based compensation expense and asset retirement charges of $0.20 per diluted share. The company announced that it targets fiscal 2015 property, plant and equipment spending to be $200 million plus or minus.

 

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Industry Analysis

CREE

Industry Average

Valuation CREE Industry Range
Price/Earnings 70.6x
Price/Sales 2.1x
Price/Book 1.3x
Price/Cash Flow 43.8x
TEV/Sales 1.5x
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