Cree, Inc. (CREE), headquartered in North Carolina, is the leading company in the LED business. Cree has spent years making LEDs for specialty applications such as flashlights, outdoor lighting, and floodlights.
Cree, Inc. (NASDAQ:CREE) has strong financials (see table 2, below). In addition to increasing EPS and Net Operating Cash and a Debt-to-Equity ratio of zero, the company has a gross profit margin of 45.4% and a P/E of 34.15.
Cree, Inc. (NASDAQ:CREE) declared that revenue of 427.7M dollar for its quarter that finished September 28, 2014. This symbolizes a 9% rise as contrast to revenue of 391.0 million dollar announced for the Q1 of fiscal 2014.
Cree, Inc. (NASDAQ:CREE) has had a rough go of it in 2014, with the shares off more than 49%. The stock is widening this deficit today -- down 3.4% at $31.60 -- following a downgrade to "hold" from "buy" at The Street.