OverviewSuggest Edit

Cree is a company manufactures and sells lighting-class LEDs, LED lighting and semiconductor solutions for wireless and power applications. The Company's products 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. It also offers blue and green LED chips, high-brightness LEDs and lighting-class power LEDs targeted for indoor and outdoor lighting, video displays, transportation, and specialty lighting applications, and etc.

TypePublic
Founded1987
HQDurham, US
Websitecree.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Jun 2018)6,796(+13%)
Job Openings187
Revenue (FY, 2018)$1.5 B(+2%)
Share Price (Nov 2019)$48.7 (+3%)

Key People/Management at Cree

John C. Hodge

John C. Hodge

Director
Clyde R. Hosein

Clyde R. Hosein

Director
Darren R. Jackson

Darren R. Jackson

Chairman
Gregg A. Lowe

Gregg A. Lowe

President, Chief Executive Officer and Director
John B. Replogle

John B. Replogle

Director
Thomas H. Werner

Thomas H. Werner

Director
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Cree Office Locations

Cree has offices in Durham, Fayetteville, Morgan Hill, Racine and in 8 other locations
Durham, US (HQ)
4600 Silicon Dr
Durham, US
3028 E Cornwallis Rd
Fayetteville, US
535 W Research Center Blvd #209
Morgan Hill, US
18275 Serene Dr
Racine, US
9201 Washington Ave
Mississauga, CA
6889 Rexwood Rd #6
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Cree Financials and Metrics

Cree Revenue

Cree's revenue was reported to be $1.49 b in FY, 2018 which is a 1.4% increase from the previous period.
USD

Revenue (Q1, 2020)

242.8m

Gross profit (Q1, 2020)

74.2m

Gross profit margin (Q1, 2020), %

30.6%

Net income (Q1, 2020)

(37.8m)

EBIT (Q1, 2020)

(38.9m)

Market capitalization (15-Nov-2019)

5.2b

Closing stock price (15-Nov-2019)

48.7

Cash (29-Sep-2019)

433.3m
Cree's current market capitalization is $5.2 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

987.6m1.2b1.4b1.6b1.5b1.5b

Revenue growth, %

(1%)(9%)1%

Cost of goods sold

551.8m755.2m862.7m1.1b1.0b1.1b

Gross profit

435.8m409.5m523.3m487.1m434.6m407.6m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2016FY, 2017FY, 2018FY, 2019

Cash

390.6m178.9m190.1m166.2m132.6m118.9m500.5m

Accounts Receivable

118.5m152.3m192.5m165.6m148.4m153.9m128.9m

Prepaid Expenses

51.5m56.9m76.2m26.8m23.3m28.3m23.3m

Inventories

176.5m188.8m197.0m303.5m284.4m296.0m187.4m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

412.6m465.6m410.4m139.2m171.7m191.1m163.9m179.6m178.4m127.8m137.1m117.1m152.1m169.7m101.2m336.3m356.0m456.2m433.3m

Accounts Receivable

123.0m135.1m125.9m165.7m156.4m168.2m162.3m144.6m181.9m146.1m121.8m149.5m154.9m153.0m143.3m207.6m192.1m150.4m137.6m

Prepaid Expenses

40.0m38.7m43.1m58.9m52.8m56.3m60.2m61.1m62.8m23.3m22.0m23.2m23.6m22.9m22.6m26.7m25.3m19.2m22.8m

Inventories

125.9m145.5m169.6m203.6m187.4m196.8m179.7m185.0m195.7m291.5m281.7m291.1m277.9m273.2m309.9m306.4m313.3m172.8m182.9m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

146.5m44.4m86.9m(21.5m)(98.1m)(279.9m)(375.1m)

Depreciation and Amortization

108.6m142.7m153.3m159.1m150.5m153.9m143.6m

Inventories

(63.4m)26.9m(8.4m)(23.3m)17.9m11.0m(43.3m)

Accounts Payable

18.4m(10.1m)41.8m(12.1m)(4.8m)14.3m6.4m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

58.0m107.8m126.7m12.8m24.9m34.4m16.1m36.5m58.7m566.0k6.8m(92.2m)(19.9m)(6.1m)(246.7m)(11.1m)(13.6m)(241.3m)(37.8m)

Depreciation and Amortization

24.4m50.3m78.5m32.1m68.3m104.9m36.5m76.4m114.4m35.9m62.6m113.5m37.4m74.6m113.2m39.8m79.4m116.3m28.6m

Inventories

(13.5m)(32.9m)(56.8m)12.4m28.6m19.2m9.0m3.9m(6.9m)(10.8m)1.3m12.1m7.0m11.3m(4.6m)(10.1m)(16.8m)(19.2m)

Accounts Payable

15.2m22.5m18.0m(13.7m)(14.9m)(430.0k)9.7m14.6m33.5m(2.1m)(13.8m)(10.9m)6.4m17.9m15.3m(3.7m)(9.2m)6.6m(21.7m)
USDY, 2019

Financial Leverage

1.4 x
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Cree Operating Metrics

Cree's Backlog was reported to be $567.2m in FY, 2018.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Backlog

$193.20 m$238.40 m$181.70 m$453.70 m$567.20 m

Patents (Foreign)

2.34 k2.73 k2.98 k3.08 k3.26 k

Patents (US)

1.33 k1.58 k1.82 k2.11 k2.25 k
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Cree Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Infineon Technologies - Radio Frequency (RF) Power BusinessMarch 06, 2018€345 m
Arkansas Power Electronics International IncJuly 09, 2015
Ruud Lighting IncAugust 17, 2011
LED Lighting FixturesFebruary 08, 2008
Cree Hong Kong Limited

Cree Revenue Breakdown

Embed Graph

Cree revenue breakdown by business segment: 38.1% from Lighting Products, 39.9% from LED Products and 22.0% from Wolfspeed

Cree revenue breakdown by geographic segment: 46.0% from United States, 26.0% from China, 14.0% from Europe and 14.0% from Other

Cree Online and Social Media Presence

Embed Graph

Cree News and Updates

Why Has Cree Doubled Over The Last 2 Years?

Cree’s (NASDAQ: CREE) stock has risen almost 2x over the past 2 years from $24 in September 2017 to $48 in September 2019. This has been primarily driven by a sharp rise in the Price-to-Sales (P/S) multiple, which has more than doubled since September 2017. Revenue has more or less remained flat..

Stocks making the biggest moves after hours: Cree, Urban Outfitters

See which stocks are posting big moves after the bell.

Cree stock falls after poor outlook

Cree Inc. shares dropped in the extended session Tuesday after the LED maker's outlook fell short of Wall Street estimates. Cree shares fell 9% after hours, following a 0.1% decline in the regular session to close at $58.24. Cree expects a fiscal first-quarter loss of 7 cents to 3 cents a share on …

Critical Elements Lithium Corporation signs impact and benefit Agreement with the Cree Nation of Eastmain, the Grand Council of the Crees (Eeyou Istchee) and the Cree Nation Government: A road map for a mutually beneficial development of the Rose Lithium-Tantalum Project

EASTMAIN, Quebec, July 08, 2019 (GLOBE NEWSWIRE) -- Critical Elements Lithium Corporation (the “Corporation” or “Critical Elements”) (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce that the Cree Nation of Eastmain, the Grand Council of the Crees (Eeyou Istchee), the Cree Nation Go…

Why We Increased Our Price Estimate For Cree

We are increasing our price estimate for Cree (NASDAQ:CREE) from about $47 per share to about $60 per share, driven by the company’s pivot away from the commoditized lighting business to higher-margin businesses such as power and RF products, and stronger-than-expected results over the first ...

Cree stock falls after revenue miss, weak guidance

Cree Inc. shares fell more than 6% in the extended session Wednesday after the company delivered revenue below consensus estimates but beat earnings expectations. The company reported fiscal third-quarter net losses of $227.9 million, or 22 cents a share, compared with losses of $240.6 million, or …
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Cree Blogs

Cree and ABB Announce Silicon Carbide Partnership to Deliver Automotive and Industrial Solutions

Cree and ABB Announce Silicon Carbide Partnership to Deliver Automotive and Industrial Solutions Liz.McPherson@… Mon, 11/18/2019 - 08:00 Cree and ABB Announce Silicon Carbide Partnership to Deliver Automotive and Industrial Solutions Nov 18, 2019 This release …

ZF and Cree Advance the Electric Drive

A strategic partnership has been created to advance the Electric Powertrain with Silicon Carbide-Based Inverter New Silicon Carbide-Based Inverter solutions help increase drive efficiency and extend the range of electric cars SCHWEINFURT, Germany & DURHAM, N.C. --(BUSINESS WIRE)--Nov.

Cree Reports Financial Results for the First Quarter of Fiscal Year 2020

DURHAM, N.C. --(BUSINESS WIRE)--Oct. 30, 2019-- Cree, Inc. (Nasdaq: CREE) today announced revenue of $242.8 million for its first quarter of fiscal 2020, ended September 29, 2019 . This represents an 11% decrease compared to revenue of $274.2 million reported for the first quarter of fiscal 2019,

Cree, Inc. to Host Investor Day in New York City on Wednesday, November 20, 2019

Cree, Inc. to Host Investor Day in New York City on Wednesday, November 20, 2019 Liz.McPherson@… Tue, 10/15/2019 - 08:00 Cree, Inc. to Host Investor Day in New York City on Wednesday, November 20, 2019 Oct 15, 2019 This release is a backfill from a News Wire …

Cree Announces Update to Capacity Expansion Plan - Company to Build World’s Largest Silicon Carbide Device Manufacturing Facility in New York

Cree Announces Update to Capacity Expansion Plan - Company to Build World’s Largest Silicon Carbide Device Manufacturing Facility in New York Liz.McPherson@… Mon, 09/23/2019 - 08:30 Cree Announces Update to Capacity Expansion Plan - Company to Build World’s Largest Silicon Carbide Device M…

Cree Reports Financial Results for the Fourth Quarter and Fiscal Year 2019

DURHAM, N.C. --(BUSINESS WIRE)--Aug. 20, 2019-- Cree, Inc. (Nasdaq: CREE) today announced revenue of $251.2 million for its fourth quarter of fiscal 2019, ended June 30, 2019 . This represents a 5% decrease compared to revenue of $265.8 million reported for the fourth quarter of fiscal 2018, and an
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Cree Frequently Asked Questions

  • When was Cree founded?

    Cree was founded in 1987.

  • Who are Cree key executives?

    Cree's key executives are John C. Hodge, Clyde R. Hosein and Darren R. Jackson.

  • How many employees does Cree have?

    Cree has 6,796 employees.

  • Who are Cree competitors?

    Competitors of Cree include Beghelli, Zumtobel and Soraa.

  • Where is Cree headquarters?

    Cree headquarters is located at 4600 Silicon Dr, Durham.

  • Where are Cree offices?

    Cree has offices in Durham, Fayetteville, Morgan Hill, Racine and in 8 other locations.

  • How many offices does Cree have?

    Cree has 15 offices.