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Wolfspeed, Inc. (WOLF)

NYSE: WOLF · IEX Real-Time Price · USD
+0.01 (0.01%)
After-hours:Oct 15, 2021 7:03 PM EDT
-2.57 (-2.93%)
At close: Oct 15, 4:00 PM
Market Cap9.17B
Revenue (ttm)525.60M
Net Income (ttm)-523.90M
Shares Out112.39M
EPS (ttm)-4.67
PE Ration/a
Forward PE232.56
Ex-Dividend Daten/a
Previous Close87.81
Day's Range85.10 - 88.80
52-Week Range60.56 - 129.90
Price Target100.46 (+17.9%)
Est. Earnings Daten/a

About WOLF

Cree, Inc. provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally. It operates in two segments, Wolfspeed and LED Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. It also provides SiC power device products, including SiC Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards fo...

IndustrySemiconductors & Semiconductor Equipment
IPO DateFeb 8, 1993
CEOGregg Lowe
Stock ExchangeNYSE
Ticker SymbolWOLF
Full Company Profile

Financial Performance

In 2021, Wolfspeed's revenue was $525.60 million, an increase of 11.66% compared to the previous year's $470.70 million. Losses were -$523.90 million, 173.3% more than in 2020.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for Wolfspeed stock is "Buy." The 12-month stock price forecast is 100.46, which is an increase of 17.86% from the latest price.

Price Target
(17.86% upside)
Analyst Consensus: Buy


General Motors (GM) Strikes Deals With Wolfspeed and GE

General Motors (GM) inks deal with Wolfspeed to ensure long-term supply of silicon carbide solutions. The automaker also teams up with GE to create a critical supply chain for EV materials.

Other symbols:GEGM
1 week ago - Zacks Investment Research

Wolfspeed relists on NYSE to rebrand company

Wolfspeed CEO Gregg Lowe details moving his stock and transitioning the silicon carbide company from Cree to Wolfspeed. #FOXBusiness TheClamanCountdown Subscribe to Fox Business!

1 week ago - Fox Business

Chip maker Wolfspeed, formerly Cree, goes public

Gregg Lowe, Wolfspeed CEO, discusses company's trading debut and new partnership with General Motors. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE:

1 week ago - Yahoo Finance

Cree Becomes Wolfspeed, GM Deal Signals The Coming End Of The ICE Age

CREE becomes Wolfspeed, and inks a deal with GM. The company is going all-in on wide bandage semiconductors, which will be important in a more electric future.

Other symbols:GM
1 week ago - Forbes

BofA Downgrades Synopsys, Cirrus Logic, Cree, Names Top Q4 Semi Picks

Bank of America remains bullish on semiconductor stocks heading into the fourth quarter, but the firm issued three semi stock downgrades Friday and said stock selection is critical at the moment. The Se...

Other symbols:CRUSSNPS
1 month ago - Benzinga

Cree (CREE) Up 11% Since Last Earnings Report: Can It Continue?

Cree (CREE) reported earnings 30 days ago. What's next for the stock?

1 month ago - Zacks Investment Research

Cree | Wolfspeed To Transfer to the New York Stock Exchange and Trade Under New Ticker Symbol “WOLF”; To Host Investo...

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE), the global leader in Silicon Carbide technology through its Wolfspeed business, today announced that it will transfer the listing of its common ...

1 month ago - Business Wire

Cree, Inc. to Participate in the Citi 2021 Virtual Global Technology Conference

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. today announced that Cengiz Balkas and Tyler Gronbach will present virtually at the Citi 2021 Virtual Global Technology Conference.

1 month ago - Business Wire

Cree, Inc. - A Fair Value Report

This report is about Cree, Inc. ( CREE , Financial) and covers the company's fiscal year ended June 30, 2021. Listed earnings and metrics utilizing earnings are for that specific 12 month time period un...

1 month ago - GuruFocus

9% Drop In Cree Stock A Buying Opportunity?

The stock price of ​Cree reached its 52-week high of $130 back in February 2021, and has since dropped more than 30% from that level. Cree, a power and radio frequency semiconductor manufacturer, saw it...

1 month ago - Forbes

Options Traders Target Tumbling Semiconductor Stock

Cree Inc (NASDAQ:CREE) is down 9.3% to trade at $78.30 at last check, despite the company reporting narrower-than-expected fiscal fourth-quarter losses, which beat Wall Street's estimates by 1 cent.

1 month ago - Schaeffers Research

CREE's Q4 Earnings and Revenues Surpass Estimates, Rise Y/Y

Cree's (CREE) fiscal fourth-quarter results reflect gains from solid demand for power and RF solutions.

1 month ago - Zacks Investment Research

Why Shares of Cree Lighting Are Plummeting Today

A disappointing earnings report has left investors on both Wall Street and Main Street unhappy.

1 month ago - The Motley Fool

Cree (CREE) Reports Q4 Loss, Tops Revenue Estimates

Cree (CREE) delivered earnings and revenue surprises of 8.00% and 0.27%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Recap: Cree Q4 Earnings

Shares of Cree (NASDAQ:CREE) fell 5.7% in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 27.78% year over year to ($0.23), which beat the estimate ...

1 month ago - Benzinga

Cree | Wolfspeed and STMicroelectronics Expand Existing 150mm Silicon Carbide Wafer Supply Agreement

DURHAM, N.C. & GENEVA--(BUSINESS WIRE)--Cree, Inc. and STMicroelectronics announced today the expansion of an existing multi-year, long-term silicon carbide wafer supply agreement.

Other symbols:STM
1 month ago - Business Wire

Cree Reports Financial Results for the Fourth Quarter of Fiscal Year 2021

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. today announced revenue from continuing operations of $145.8 million for its fourth quarter of fiscal 2021, ended June 27, 2021.

1 month ago - Business Wire

Is a Surprise Coming for Cree (CREE) This Earnings Season?

Cree (CREE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 months ago - Zacks Investment Research

7 Tech Stocks to Avoid Until They Turn Things Around

These are tech stocks to avoid for issues ranging from slumping share prices to declining margins and even the threat of delisting. The post 7 Tech Stocks to Avoid Until They Turn Things Around appeared...

2 months ago - InvestorPlace

Cree (CREE) Expected to Beat Earnings Estimates: Should You Buy?

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.

2 months ago - Zacks Investment Research

Cree, Inc. to Report Fourth Quarter Fiscal 2021 Earnings on August 17, 2021

DURHAM, N.C.--(BUSINESS WIRE)--Cree will conduct a conference call and audio webcast to discuss its fourth quarter fiscal 2021 results and business outlook Aug. 17 at 5:00 p.m. ET.

2 months ago - Business Wire

Cree, Inc. to Participate in Canaccord Genuity's 41st Annual Growth Conference

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE) today announced that CTO John Palmour will present virtually at the Canaccord Genuity 41st Annual Growth Conference.

2 months ago - Business Wire

Cree, Inc. Announces Expansion of Operations Leadership Team

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE) today announced the expansion of the operations leadership team as part its accelerated growth and capacity expansion plans.

2 months ago - Business Wire

Comcast, CSX, Snowflake, United Airlines and More Monday Afternoon Analyst Calls

With the trading day about halfway over, the broad markets were edging higher to start out the week.

3 months ago - 24/7 Wall Street

Strong Demand Revival Could Help Cree Stock Regain Recent Highs

Up almost 3x from its low in March 2020, at the current price of $93 per share, we believe Cree stock has further upside potential. Cree stock rose from $32 in March 2020 to $93 currently, much more tha...

3 months ago - Forbes