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Mid-Day Market Update: U.S. Stocks Rise; Cree Shares Decline On Weak Outlook
2016-04-07 17:25:01| Steel - Topix.net
Midway through trading Wednesday, the Dow traded up 0.30 percent to 17,656.47 while the NASDAQ gained 0.70 percent to 4,877.75. The S&P also rose, gaining 0.50 percent to 2,055.37.
Tags: market
update
rise
shares
Cree Forecasts Dim Third Quarter; Cramer Says GE Is Taking Share
2016-04-06 18:20:34| Semiconductors - Topix.net
Lighting manufacturer Cree 's reduced sales guidance for its fical third quarter is causing many on Wall Street to sell their shares. The Durham, N.C.-based manufacturer of light-emitting-diode devices told analysts in a postmarket call Tuesday that its quarterly sales will clock in at $367 million, down from previous estimates of $400 million.
Tags: share
taking
quarter
dim
Cree plunges after big preliminary FQ3 miss
2016-04-05 23:59:17| Semiconductors - Topix.net
Cree is is tumbling 17% in AH trading after cutting its FQ3 EPS and revenue view, as well as estimating a GAAP gross margin below its prior estimate of 29.7%. Chairman and CEO Chuck Swoboda: "The estimated revenue is below the Company's previously targeted range of $400 million to $430 million due to lower Lighting Products revenue.
Tags: big
miss
preliminary
cree
Cree SmartCast Technology Improves Work Environments And Saves Energy With Intelligent Lighting
2016-03-04 01:11:42| plantautomation News Articles
Avid Solutions, an international automation, industrial IT and smart manufacturing engineering firm, selected Cree (Nasdaq: CREE) LED lighting with SmartCast® Technology to deliver intelligent light for its newest U.S. office in Winston-Salem, N.C. The firm’s new facility is completely illuminated by connected lighting from Cree, providing up to 70 percent in energy savings and delivering better light that is critical to employee productivity while turning its building into an operational efficiency showcase for clients.
Tags: work
technology
energy
lighting
Cree higher after director discloses 5K-share purchase
2015-11-17 19:26:50| Semiconductors - Topix.net
John Replogle discloses he bought 5K Cree shares today at $23.30, raising his total stake to 32,739. Replogle previously bought 1,166 shares in June, and 5K shares in Oct. 2014.
Tags: purchase
director
higher
cree
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