The stock is up 10% afterhours. A favorite at the Climateer household, see links below.
From Tech Trader Daily:
Cree (CREE) shares are sharply higher in late trading after the LED lighting company posted better-than-expected results for its fiscal second quarter ended December 27 - and provided strong guidance for the March quarter.
For the December quarter, the company posted revenue of $199.475 million, up 35% from a year ago, and ahead of the Street at $186.8 million. Non-GAAP EPS of 38 cents a share beat the Street at 30 cents....MORE
The writer, Eric Savitz had an earlier post that we saw but chose not to pass along: "Cree: Brigantine Cuts To Sell Ahead Of Earnings Tonight":
Well, here’s a nervy call....Call Volume Escalates as Cree, Inc. Extends String of New Highs (CREE)
A long time favorite, see links below. The stock is trading at $51, even. Here's the one year chart via Yahoo Finance:
"A trend appears to be emerging"
(that dip in Dec. '08 bottomed at $12.57)
Jan. '08: Green energy's hottest stocks for 2008About ten years ago the best stockpicker I know told me he was looking at CREE. The pitch was "They have 'blue'". I didn't pay much attention, the Nasdaq was starting it's blow-off run, from around 1500 to 5048 in 18 months.June '08:
Cree went from $3 to $93....
Performance Update: Ten Speculations for 2008
Analyst slams LED maker Cree
The stock closed yesterday at $22.78....
Lighting: Cree FY Q2 Revs, EPS Top Street EstimatesIt was almost twelve years ago that the world's only communist stockbroker told me "They've got Blue". Then he said something about Nicarauga or something. I managed to avoid the period of the Securities Class Action only to do a '99-'01 up-the-mountain-chart-and-down-and-out. It appears they are doing just fine without me.Jan. '09:
CREE: Trades Like a Bank Stock (but with earnings)
CREE Rocks Today; JASO, SOL, LDK Reports Make Tomorrow Key For Solars
Cree: IBM Rumor Resurfaces (Updated) CREE
Cree 1Q Profit Surges On Higher Rev, Margins; Sees Strong 2Q (CREE)