Cree News

Using new, lower-cost technologies, light-emitting diodes may be poised to compete with traditional sources in yet another major lighting market.

TheA advantages of high brightness light emitting diodes are well known, however widespread adoption faces the long-standing obstacle of initial purchase price.

's stock had its "buy" rating restated by equities researchers at Maxim Group in a report issued on Friday.

Cree announced Tuesday that Kurtzweil had resigned from the Durham-based semiconductor company to join Extreme , a Santa Clara, Calif.-based company that has a Durham facility.

Apple Inc. : Piper Jaffray this morning in a note to investors highlighted the reasons for why it looks for Apple shares to reach $1,000 in the next couple of years.

Shares closed at $29.09 on Monday. A day later, they fell to $27.20 and closed at $26.45 on Wednesday.

CREE has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a "buy" rating on shares of Cree in a research note to investors on Tuesday.

Piper Jaffray has published a research report on Cree and First Solar saying that the two companies compared to one another based on raw material cost is not a fair comparison.

Chinese PC maker Lenovo continued to advance towards its goal of becoming the world's No.

In a statement Tuesday, Secretary of the Commonwealth William Galvin said his office is investigating whether Morgan Stanley selectively divulged to some clients that its analyst had cut his revenue estimate for Facebook.

Nasdaq 100 stock futures are rising in pre-market trading, up 3 points at 2,546.50 for the June contract.

Via Acquire Media NewsEdge) May 22--DURHAM -- The chief financial officer of Durham-based LED lighting products company Cree Inc.

At last check, the stock has seen roughly 8,700 calls change hands -- nearly three times its average intraday volume.

The analysts wrote, "This morning Cree announced 6-year CFO John Kurtzweil will be stepping down to pursue an opportunity at much smaller Extreme Networks, a provider of network infrastructure.

LED maker Cree Inc named its corporate controller, Michael McDevitt, as interim CFO after John Kurtzweil resigned to join network equipment maker Extreme Networks Inc.

Shares of Cree opened at 29.55 on Friday. Cree has a one year low of $20.25 and a one year high of $33.45. The company has a market cap of $3.417 billion and a P/E ratio of 61.82. Cree last issued its quarterly earnings data on Tuesday, April 17th.

Cree Inc. : Canaccord commented on reports that Cree has been named an outdoor lighting supplier for Walmart .

The growing demand for energy-efficient LED lighting solutions combined with increasingly stringent energy and building codes require an advanced level of lighting and control integration.

The firm set a "buy" rating and a $38.00 price target on the stock. A number of other analysts have also recently weighed in on CREE.

The firm set a "buy" rating and a $38.00 price target on the stock. A number of other analysts have also recently weighed in on CREE.