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Tag: CREE STOCK PRICE

Surveying the Technicals for Cree Inc (CREE)

Cree Inc (CREE) has released its second-quarter financial report for the fiscal year 2021. Cree grew its revenue and sold off its LED business, responsible for its global fame in the past. The Cree company’s revenue increased by 5% to $127 million in the quarter ended December 27, 2020. For the non-GAAP loss, the company lost $26.6 million, or $ 0.24 per diluted share. Demand for silicon carbide semiconductors keeps growing for the company, increasing revenue through repetitive transactions. There is a lot of interest in the latest generation of semiconductors, specifically in power electronics. An electric vehicle manufacturer in