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Last $24.65 USD
Change Today -0.69 / -2.72%
Volume 1.6M
CREE On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

cree inc (CREE) Snapshot

Open
$25.30
Previous Close
$25.34
Day High
$25.37
Day Low
$24.46
52 Week High
08/11/14 - $50.60
52 Week Low
07/7/15 - $23.63
Market Cap
2.7B
Average Volume 10 Days
1.3M
EPS TTM
$0.47
Shares Outstanding
109.1M
EX-Date
--
P/E TM
52.0x
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 Revises Earnings Guidance for the Fourth Quarter of 2015

Cree revised earnings guidance for the fourth quarter of 2015. For the quarter, the company expects revenue to be roughly $375 million, down from previous targets of $420 million to $440 million.

Cree, Inc. Sets New Performance Standard for High Power LEDs

Cree, Inc. announced the new XLamp® XHP35 family of LEDs with 50% more light output than Cree’s previous high performing single-die LED, setting a new performance standard for the 3.5mm footprint. Built on Cree’s SC5 Technology™ platform, the XHP35 LED introduces Cree’s breakthrough high-voltage power die architecture, empowering manufacturers to unleash the full capacity of extreme high power LEDs using existing drivers. The new XHP35 LED delivers up to 1,833 lumens without the optical inefficiencies of a multi-die LED to enable new designs with reduced size and lower system costs. Unlike other existing high power LEDs, the XHP35 family of LEDs uses a new 12V monolithic power die to deliver extreme high power performance at drive currents at or less than 1A, making the use of high power LEDs more accessible for lighting designers. This breakthrough is uniquely enabled by Cree’s SC5 Technology Platform built on Cree’s silicon carbide technology and features significant advancements in epitaxial structure, chip architecture and an advanced light conversion system optimized for best thermal and optical performance. The XHP35 LEDs are available in high density and high intensity versions that are optimized to deliver the maximum performance for specific applications. The XHP35 High Density LED delivers new levels of light output in the compact XP footprint for high lumen applications, such as outdoor and high bay lighting. The XHP35 High Intensity LED is optimized to deliver maximum candela through secondary optics to boost performance and reduce size for applications requiring high light intensity, such as stadium, torch and track lighting. Samples of both XLamp XHP35 and XHP35 High Intensity LEDs are available now, and production quantities are available with standard lead times. The XHP35 LEDs are available in 70, 80 and 90 CRI and color temperatures ranging from 2700K to 8300K with 2-step and 3-step EasyWhite® options.

Feit Electric Company Files Patent Complaint Against Cree

Feit Electric Company has filed a complaint in the United States District Court for the Middle District of North Carolina against Cree to curb infringement of Feit Electric Company's patents. The complaint alleges that Cree's line of 4FLOW LED light bulbs infringe U.S. Patent Nos. 8,408,748 and 9,016,901. In the action, Feit Electric Company is seeking an injunction against sales of Cree's line of 4FLOW LED light bulbs and damages for past infringing sales.

 

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Industry Analysis

CREE

Industry Average

Valuation CREE Industry Range
Price/Earnings 55.5x
Price/Sales 1.7x
Price/Book 1.0x
Price/Cash Flow 34.5x
TEV/Sales 1.1x
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