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Posts tagged “Cree”

January 21

Premium Lock Cree hits record $415M in fiscal 2Q revenue

Cree LED lighting technology company Cree reported $415.1 million in revenue for the company's fiscal 2014 second quarter, a 20 percent increase compared to a year ago and enough to beat Wall Street estimates.

Updated January 16

Premium Lock Obama brings national attention to Triangle's semiconductor, cleantech sectors

North Carolina State University will lead a group of six universities and 18 private-sector companies - including Durham-based Cree, ABB, RFMD and Vacon - in a new manufacturing innovation institute that President Barack Obama announced during his Wednesday visit to the Triangle.

ABB workers position semiconductors ABB workers position semiconductors

Updated December 12, 2013

Premium Lock Cree lands $30M in federal tax credits to expand 'clean energy' manufacturing

LED manufacturer Cree is getting a $30 million boost from the federal government in the form of tax credits as part of an Energy Department effort to drive more jobs in "clean energy" manufacturing. The government says the credits will help Cree expand in Durham as well as at a plant in Wisconsin.

Cree touts new bulb vs. traditional lightbulb Cree touts new bulb vs. traditional lightbulb

December 4, 2013

Premium Lock Cree roundup: biotech exec joins board, new LED bulb launches, NCSU chooses LEDs for new dorm

Sanofi executive Anne Whitaker joins Cree's board of directors; Cree expands its LED portfolio with a new 75-watt bulb; and N.C. State is using Cree bulbs to help a new residence hall meet LEED Silver certification standards.

Cree's 75 watt LED bulb Cree's 75 watt LED bulb

Updated October 30, 2013

Premium Lock As stock wobbles, Cree touts LED lighting's growth prospects

Cree CEO Chuck Swoboda used the company's annual shareholders meeting to explain how low-cost LED lighting fits the company's long term strategy. WRALTechWire Insiders can read more about his comments.

Cree's $10 LED bulb      Cree's $10 LED bulb

Tags: Cree
Updated October 23, 2013

Premium Lock Cree CEO: New bulbs build brand, 'drive the conversation' on LED lighting

Cree's latest revenue, earnings and margin forecast on Tuesday disappointed investors and shares tumbled in after-hours trading. But in a conference call with analysts, Chairman and CEO Chuck Swoboda spoke confidently about the company's surging sales, especially for its recently introduced LED bulbs for consumers. He sees these bulbs as helping Cree build its brand and expand its opportunities in the big markets: Commercial LED lighting.

Inside Cree's new LED bulb  Inside Cree's new LED bulb

October 2, 2013

Premium Lock Upgrades turn Cree stock back on; LED bulbs gain Energy Star status

New "buy" ratings from analysts at Goldman Sachs and Canaccord Equity spark a 16 percent run-up in Cree shares and ignite a blizzard of trades on Tuesday. Today, Cree has more good news - An Energy Star rating for its new LED bulbs and lower costs with rebates.

Cree's $10 LED bulb      Cree's $10 LED bulb

September 9, 2013

Premium Lock Cree lighting replacing fluorescent fixtures at NASA headquarters

Cree Fluorescent fixtures are going out and new Cree LED-powered fixtures are going in at NASA's headquarters in Washington, D.C. as part of a program to cut energy costs.

Updated August 14, 2013

Premium Lock Lights out on Cree: Shares plunge 22% despite defense from some analysts

Cree's $10 LED bulb      Cree"s latest financials and forecast for revenue on Tuesday fell shy of analyst estimates. The news sent Cree shares tumbling Wednesday even as some Wall Street analysts rushed to defend the stock.

Tags: Cree
Updated August 14, 2013

Premium Lock Cree's Swoboda plans for market expansion, capital expenditures

Cree CEO Chuck Swoboda offers some insight into how and where the company will grow - but not necessarily through acquisitions.

Cree's Chuck Swoboda Cree's Chuck Swoboda

Tags: Cree
June 4, 2013

Premium Lock Cree lands $2.3M federal project targeting consumer lighting

The U.S. Energy Department will help underwrite the cost of developing a new design for linking LED lights. Cree also must provide funding.

Cree's $10 LED bulb      Cree's $10 LED bulb

Updated April 24, 2013

Premium Lock Cree shines as fiscal 3Q revenue reaches a record $349M

Cree's $10 LED bulb      LED lighting company Cree reports record revenue amid strong demand for its products, including its new consumer-focused $10 LED light bulb that was unveiled last month.

Updated April 23, 2013

Premium Lock Ahead of earnings and Earth Day, Cree lights up TV with LED bulb commercials

Cree announces its latest quarterly earnings today and perhaps will offer insight into just how well its new LED Bulbs are faring in the consumer market. To boost sales, Cree unleashed a barrage of "nostalgia is dumb" commercials over the weekend. Yes, that was Durham-based Cree advertising during NBA playoff games.

Cree touts new bulb vs. traditional lightbulb Cree touts new bulb vs. traditional lightbulb

March 8, 2013

Premium Lock As Cree shares shine at new high, its LED bulb seems bright idea

Even MSNBC's Jim Cramer has kind words for Cree after trashing it last June after Cree unveils its new $10 LED bulb earlier this week. The Skinny and WRAL's Monica Laliberte test it out - and we think its a bright idea, too. So does Wall Street. Now the big test consumers - will consumers buy?

Cree's $10 LED bulb      Cree's $10 LED bulb

Updated March 6, 2013

Premium Lock New Cree LED bulb means 200 jobs in Durham, perhaps more to come

Cree's new line of LED bulbs that the Durham-based company introduced Tuesday means new jobs for the Triangle. Cree already has hired 200 people to make the bulbs locally, and the LEDs are made in N.C. as well, a company executive says.

Inside Cree's new LED bulb  Inside Cree's new LED bulb

Updated March 6, 2013

Premium Lock Cree $10 LED bulb 'biggest thing since lightbulb;' lights up shares

Cree Chairman and CEO Chuck Swoboda is in New York City today briefing analysts on what could be the breakthrough event for the Durham company in the consumer lighting market: A long-lasting LED bulb that costs $10. The news excites investors as Cree shares jump 7% in pre-market trading and finished up 14.4 percent for the day in heavy trading.

Cree touts new bulb vs. traditional lightbulb Cree touts new bulb vs. traditional lightbulb

Updated January 23, 2013

Premium Lock Cree shares soar 22% after strong earnings report

Cree Shares in LED manufacturer Cree jumped more than 22 percent Wednesday to a new 52-week high of $41.20 in the wake of a strong earnings report on Tuesday. Two analyst firms raise their share target prices to $41 and $42.

Tags: Cree
Updated January 23, 2013

Premium Lock Inside Cree's strong earnings: 'Pretty broad-based growth'

In a conference call with Wall Street analysts, Cree Chairman and CEO Chuck Swoboda says "pretty broad-based growth" led to a financial report that exceeded Street expectations and triggered a 15-percent jump in Cree's shares. He also talks about driving more business by explaining more about what LED lighting can do.

Cree's Chuck Swoboda Cree's Chuck Swoboda

Tags: Cree
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