Cree

Wolfspeed, Inc. is an innovator of Wolfspeed power and radio frequency (RF) semiconductors. Its Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging inverters, power supplies, telecom and military and aerospace. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.

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Wolfspeed, Inc. is an innovator of wide bandgap semiconductors, focused on silicon carbide and gallium nitride (GaN) materials and devices for power and radio-frequency (RF) applications. Its product families include silicon carbide and GaN materials, power devices and RF devices, and its products are targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.

Due to the spread of the novel Coronavirus that has rattled the stock markets and the broader economy, at the current price of $50 per share, we believe Cree stock (NASDAQ: CREE) could see significant downside if there are no signs of abatement of the crisis by June 2020.

Cree Stock Headed Below $35?

Cree shares broke out from resistance during Wednesday's session after JPMorgan upgraded the stock to Neutral with a $60 price target.

Cree Stock Breaks Out After JPMorgan Upgrade

Cree's (CREE) third-quarter fiscal 2020 results reflect softness in demand owing to coronavirus pandemic.

Cree (CREE) Q3 Loss Narrower Than Estimates, Revenues Lag

Lowe's

Cree, Inc. (CREE) CEO Gregg Lowe on Q3 2020 Results - Earnings Call Transcript

Cree (CREE) delivered earnings and revenue surprises of 6.67% and -0.24%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Cree (CREE) Reports Q3 Loss, Lags Revenue Estimates

Comparing the trend in Cree (NASDAQ: CREE) stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can recover to its pre-crisis levels, and possibly rise further, once fears surrounding the coronavirus outbreak subside.

Here’s Why Cree’s Stock Could Outperform The S&P 500 Post Covid-19 Crisis

Cree (CREE) lowers fiscal third-quarter revenue and loss per share projections in its preliminary report owing to coronavirus pandemic.

Cree (CREE) Preliminary Q3 Results Reflect Coronavirus Impact

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Cree beats on sales, misses on earnings -- and warns of worse to come.

Why Cree Stock Just Dropped 8%

Cree's (CREE) second-quarter fiscal 2020 results reflect softness in China and the inclusion of a reserve on Huawei inventory.

Cree (CREE) Q2 Loss In Line With Estimates, Revenues Fall Y/Y

Cree, Inc. (CREE) CEO Gregg Lowe on Q2 2020 Results- Earnings Call Transcript

Cree (CREE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cree (CREE) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Cost of sales is the biggest expense head for the company, with it being 68.4% of revenue in 2017, before dropping to around 63.8% of revenue in 2019.

How Is Cost Of Sales Shaping Cree’s Overall Profitability?

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Goldman Sachs has a simple 'laggard' stocks strategy for early 2020 that tends to beat the market

STMicroelectronics NV ADR RegS

DURHAM, N.C. and GENEVA, November 19, 2019 — Cree, Inc. (Nasdaq: CREE) and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the expansion and extension of an existing multi-year, long-term silicon carbide (SiC) wafer supply agreement to more than $500 million. The extended agreement is a doubling in value of the original agreement for the supply of Cree’s advanced 150mm silicon carbide bare and epitaxial wafers to STMicroelectronics over the next several years.  The increased wafer supply enables the semiconductor leaders to address the rapidly growing demand for silicon carbide power devices globally, particularly in automotive and industrial applications. “Expanding our long-term wafer supply agreement with Cree will increase the flexibility of our global silicon carbide substrate supply. It will further contribute to securing the required volume of substrate we need to manufacture our SiC-based products as we ramp up production over the next years for the increasing number of programs won at automotive and industrial customers,” said Jean-Marc Chery, President and CEO of STMicroelectronics.

Cree and STMicroelectronics Expand and Extend  Existing Silicon Carbide Wafer Supply Agreement

Cree’s (NASDAQ: CREE) revenue has grown from $770 million in 2017 to $1.08 billion in 2019, largely due to a growing demand for Cree’s power and RF products. Revenue grew around 40% over this period, as demand for Cree’s power products has seen huge growth, especially from the electric vehicles.

Why Has Cree’s Revenue Jumped 40% In The Past 2 Years?

Cree's (CREE) robust product portfolio, cross licensing agreements, and power and RF GaN-on-SiC power solutions are key catalysts.

Cree (CREE) Q1 Loss Narrower Than Expected, Revenues Beat

Cree, Inc. (CREE) CEO Gregg Lowe on Q1 2020 Results- Earnings Call Transcript

Cree (CREE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Cree (CREE) Q1 Earnings Expected to Decline

Cree (NASDAQ: CREE) designs and produces semiconductor products for power and radio-frequency applications and lighting-class light-emitting diode products, used across a whole variety of applications. 

We believe that Cree’s stock is very undervalued - something we capture in detail in our.

News for Cree Stock (CREE)