Cree Inc (CREE) Files 10-K for the Fiscal Year Ended on June 30, 2017

- By insider

Cree Inc (CREE) files its latest 10-K with SEC for the fiscal year ended on June 30, 2017. Cree Inc manufactures lighting-class light emitting diode (LED) products, lighting products and bandgap semiconductor products for power and radio-frequency (RF) applications. Cree Inc has a market cap of $2.16 billion; its shares were traded at around $22.21 with and P/S ratio of 1.57.


For the last quarter Cree Inc reported a revenue of $341.5 million, compared with the revenue of $366.9 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.5 billion, a decrease of 8.9% from the previous year. For the last five years Cree Inc had an average revenue growth rate of 4.8% a year.

The reported loss per diluted share was $1.009 for the year, compared with the loss per share of $1 in the previous year. The Cree Inc had an operating margin of -1.27%, compared with the operating margin of -0.65% a year before. The 10-year historical median operating margin of Cree Inc is 4.81%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Cree Inc has the cash and cash equivalents of $610.9 million, compared with $166.2 million in the previous year. The long term debt was $145.0 million, compared with $160.0 million in the previous year. Cree Inc has a financial strength rank of 6 (out of 10).

At the current stock price of $22.21, Cree Inc is traded at 55.7% discount to its historical median P/S valuation band of $50.08. The P/S ratio of the stock is 1.57, while the historical median P/S ratio is 3.56. The stock lost 6.76% during the past 12 months.

For the complete 20-year historical financial data of CREE, click here.

This article first appeared on GuruFocus.