Today’s Biggest Stock Movements: ROKU, BYND, More
We’re looking at the biggest stock movements on August 26. Roku (ROKU), Beyond Meat (BYND), Splunk (SPLK), and Cree (CREE) were the big market movers.
Why Is Cree Stock Falling Today?
Cree announced its earnings for the fourth quarter of fiscal 2019 after market hours on Tuesday. The company reported sales of $251.2 million.
Microsoft to Enhance Cloud Experience with AI-based Azure Data Box
On September 24, Microsoft (MSFT) introduced Azure Data Box Edge, which allows customers to actively deploy AI technology in their work premise.
Cree Stock Fell 5% on September 17
Cree (CREE), the maker of lighting-class LED (light-emitting diode) and semiconductor products, fell 5.2% on September 17.
What Happened to Cree?
On April 25, 2017, Cree (CREE) shares fell more than 11% after the firm announced its fiscal 3Q17 results.
Shares of Cree Jumped on Fiscal Results on January 20
In fiscal 2Q16, Cree’s revenues rose 5% YoY to $435.8 million, beating the analyst estimates of $434.7 million. Cree’s stock then jumped by 9.7% to $26.6.
Maxim Shares Rose 5% after Fiscal 2Q16 Earnings
Maxim Integrated Products (MXIM) reported its fiscal 2Q16 earnings and beat analysts’ revenue estimates.
Xilinx’s Fiscal 3Q16 Earnings Beat Analysts’ Estimates
In fiscal 3Q16, Xilinx generated $290.3 million in cash from operating activities and spent $6.1 million in capital expenditures, $79.7 million in dividends, and $100 million in share buybacks.