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Posts tagged “Cree”

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
Updated January 22, 2013

Premium Lock Cree shares soar 15% after good earnings news

Cree Shares in Durham-based Cree soar in after-hours trading more than $4.50 per share after the LED and semiconductor manufacturer reports strong earnings.

Tags: Cree
Updated January 22, 2013

Premium Lock Do LEDs really mean a bright financial future for Cree?

Cree's LED prototype 60-watt bulb replacement The invention of a better light bulb - with LEDs at the core - means long-term energy savings for users. But with bulbs lasting years longer, what are the long-term implications for companies like Cree?

Updated January 7, 2013

Premium Lock Blue Monday: Analyst's downgrade triggers 7.5% decline in Cree shares

Cree Shares in LED maker Cree dropped more than 7 percent Monday after analyst firm Canaccord Genuity cut the stock to "Hold" from "Buy" and slashed its share target price by $6.

November 29, 2012

Premium Lock Cree shares tumble 6% after Wall Street analyst's downgrade

Cree Shares in Cree dropped 6 percent Thursday after an analyst's downgrade. The news helped erase gains that had pushed Cree to a new 52-week high earlier of $33.60 this week and boost shares overall 45 percent this year.

Updated November 28, 2012

Premium Lock Cree scores chip patent victory; its LEDs light up Sheetz

Cree Shares in Cree moved higher Wednesday after news that the company scored a patent victory in a dispute over semiconductors. Plus: Cree's LEDs glow at Sheetz.

Updated November 28, 2012

Premium Lock Cree stock surges to 52-week high, up 45% this year

Cree's LED prototype 60-watt bulb replacement Shares in LED and semiconductor firm Cree rose to a new 52-week high on Tuesday and are up nearly 45 percent so far this year with most analysts rating it as a 'strong buy" or "buy."

November 7, 2012

Premium Lock In the news: AT&T fined; Cree's hotel deal; Grifols lab closing; IBM storage effort; Bioptigen moves

Bulldog Inside the Bulldog Blog: AT&T is fined $700,000; Courtyard by Marriott picks Cree LEDs; Grifols is closing Raleigh lab; IBM expands storage efforts; Bioptigen moves to bigger location

November 6, 2012

Premium Lock In the news: Lenovo's India plans; Cree at Best Buy; Israeli startup in RTP; SciQuest; Peak 10

Bulldog Inside the Bulldog Blog: Lenovo plans India expansion; Cree LED bulbs at Best Buy; an Israeli tech startup is moving to Triangle; SciQuest adds new service; Peak 10 beefs up cloud.

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