Piper Jaffray Raised Price Target Following Cree's (CREE) In-Line 2Q

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. SPCX
2. NVDA
3. NFLX
4. META
5. TSLA
6. ISRG
7. SMCI
8. GOOGL
9. RTX
10. S

Go back to Piper Jaffray Raised Price Target Following Cree's (CREE) In-Line 2Q

Cree Reports Financial Results for the Second Quarter of Fiscal Year 2016

January 19, 2016 4:01 PM EST

DURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (NASDAQ: CREE), a market leader in LED lighting, today announced revenue of $436 million for its second quarter of fiscal 2016, ended December 27, 2015. This represents a 5% increase compared to revenue of $413 million reported for the second quarter of fiscal 2015, and a 2% increase compared to the first quarter of fiscal 2016. GAAP net income for the second quarter of fiscal 2016 was $14 million, or $0.14 per diluted share, compared to GAAP net income of $12 million, or $0.10 per diluted share, for the second quarter of fiscal 2015. On a non-GAAP basis, net... More