======Cree (CREE) reported earnings on Tue 18 Oct 2016 (a/h)

In the first quarter of fiscal 2017, Cree's revenue fell 13 percent to $371 million compared to a revenue of $425 million for the first quarter of fiscal 2016. Cree broke even in the first quarter on profits.

Despite the damp growth, Cree's leaders still took solace in the modest revenue generated. "We delivered solid results in fiscal Q1, as Lighting, LED Products and Wolfspeed all achieved revenue and gross margins that were in line with our targets," said Cree CEO Chuck Swoboda, in a statement.

How Cree stock has fared at opening over the past few years:

• Oct. 1, 2016: $25.60
• Oct. 1, 2015: $24.18
• Oct. 1, 2014: $40.88
• Oct. 1, 2013: $62.81

Cree's top  investors, according to FactSet Research:

1. ClearBridge Investments: 14.25 percent stake
2. Fidelity Management & Research: 10.5 percent stake
3. PRIMECAP Management Company: 9 percent stake
4. The Vanguard Group: 7 percent stake