Disappointing Forecast Tears into Wolfspeed Stock

09:14am, Thursday, 17'th Aug 2023
Wolfspeed Inc (NYSE:WOLF) is down 17.9% at $44.20 premarket, following its mixed fiscal fourth-quarter report.
Walmart Inc (NYSE:WMT) saw back-n-forth dealing in premarket – at first popping up to trade near US$161, before falling back as opening bell approached. At US$157.98 the stock was down 0.8% with und
Wolfspeed, whose chips are used in electric vehicles and clean energy, said that costs of building new factories has been “significant” for facilities that aren't yet generating revenue.
Wolfspeed, Inc. (NYSE:WOLF ) Q4 2023 Earnings Conference Call August 16, 2023 5:00 PM ET Company Participants Tyler Gronbach - Vice President of External Affairs Gregg Lowe - Chief Executive Officer N
Wolfspeed (WOLF) came out with a quarterly loss of $0.42 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.02 per share a year ago.

The Afterhours: Cisco, Wolfspeed, Synopsys, Vivos

06:24pm, Wednesday, 16'th Aug 2023
Cisco Systems (NASDAQ:CSCO) delivered a strong 4Q earnings report that came in ahead of expectations on Wednesday after market close, sending its shares 2.2% higher in extended trading.  The communic

Wolfspeed shares shrink on fiscal 4Q earnings miss

04:40pm, Wednesday, 16'th Aug 2023
Shares of semiconductor company Wolfspeed slid in extended trading Wednesday following a wider-than-expected loss in its fiscal fourth quarter. The company reported an adjusted loss of $0.42 per share
Wolfspeed Inc. shares were falling 13% in Wednesday's after-hours action after the company posted a wider-than-expected loss for the latest quarter and also forecast steeper-than-anticipated losses in

3 Semiconductor Stocks to Sell in August

10:24am, Wednesday, 16'th Aug 2023
If you are a public equities investor betting on the digital economy, semiconductor stocks would have to be in your portfolio. Semiconductors are tiny electronic devices powering everything from our s
Wolfspeed's (WOLF) fourth-quarter fiscal 2023 results are expected to reflect benefits from strong power devices and material product lines.
Wolfspeed has secured much-needed funding for its manufacturing expansion
WOLF shares spiked 20% higher at the open before traders took profits, driving gains down to 11%.
Wolfspeed (WOLF) and Renesas Electronics enter into a 10-year wafer supply agreement, signaling a major step forward in the adoption of silicon carbide technology.
Wolfspeed (WOLF) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Wolfspeed got support from lenders to improve its silicon carbide wafers production facilities.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE