An investigation for investors in Cree, Inc. (NASDAQ:CREE) shares over potential securities laws violations by Cree, Inc. was announced and NASDAQ:CREE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/27/2016 -- An investigation for shareholders of Cree, Inc. (NASDAQ:CREE) over potential securities laws violations by Cree in connection certain financial statements was announced.
Investors who purchased shares of Cree, Inc. (NASDAQ:CREE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Cree, Inc. (NASDAQ:CREE) concerning whether a series of statements by Cree regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 5, 2016, Cree, Inc. announced its preliminary financial results for its third quarter of its fiscal 2016. Among other things, Cree, Inc. said that its revenue for the quarter is estimated to be approximately $367 million, with earnings estimated to be ($0.01) loss to $0.01 per diluted share on a GAAP basis, and $0.13 to $0.15 per diluted share on a non-GAAP basis. Shares of Cree, Inc. (NASDAQ:CREE) declined to as low as $23.75 per share on April 6, 2016.
On April 25, 2016, NASDAQ:CREE shares closed at $24.19 per share.
Those who purchased shares of Cree, Inc. (NASDAQ:CREE) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com