===Wolfspeed (WOLF) reported earnings on Wed 6 Nov 24 (a/h)

 

 Wolfspeed beats by $0.09, misses on revs; guides Q2 EPS in-line, revs below consensus 

• Reports Q1 (Sep) loss of $0.91 per share, excluding non-recurring items, $0.09 better than the FactSet Consensus of ($1.00); revenues fell 1.4% year/year to $194.7 mln vs the $200.39 mln FactSet Consensus.
• Co issues guidance for Q2, sees EPS of ($1.14) - $0.89, excluding non-recurring items, vs. ($0.91) FactSet Consensus; sees Q2 revs of $160 - 200 mln vs. $214.69 mln FactSet Consensus.

Earnings this week : Nov 4 - 8, 24 (wk 45)

Monday (November 4)

• Morning: AMG BCRX BEN BNTX CC CEG CHH CNA DOCN ENTG FIS FOXA FRPT FTDR IART KNF KRYS MAR NSSC NYT OMI PEG RVTY TGI TPG TRS YUMC ZTS
• Afternoon: ADUS AHH AIG ALAB ANDE AOSL ATUS AVB AZPN BCC BFAM BWIN BWXT CBT CDNA CE CLF CRBG CRUS CWK DEI EGHT ELME EQH ES EVER FANG FN FWRD GKOS GT GXO HHH HIMS HMN HOLX HPK HUN ICHR ILMN INSP INTA JELD LSCC METC MQ MTG NVTS NXPI O OGS OTTR PARR PLMR PLTR PRAA PRIM QNST RHP RRX SANM SLAB SLF ST SUPN TBI TDC VMEO VNO VNOM VOYA VRTX VVX WOW WTRG WYNN

Tuesday (November 5)

• Morning: ADM AGCO AHCO APLS APO ARCH BEAM BLD BLDR BOW BR BRKR CEIX CMI DD DEA EMR EXK EXPD FTS GFS HLMN HSIC INGR IT LGIH LPX MLCO MPC MPLX NEO NMRK NOVT NPO OGE PAYO PINC PTLO QSR SHC STVN TKR TRI ULS WLK XMTR YUM
• Afternoon: AFG AIZ BBAI BGS CPNG CRC DVN EXAS GMED GO GPOR HLIO IFF IMOS IOSP IRBT JKHY KGC LUMN MASI MCHP MRC MRCY NE NHI NOG OUT PAAS PBA QLYS RARE RVLV RYTM SMCI SNDX TMCI TSLX TX USPH VTEX WTTR

Wednesday (November 6)

• Morning: AEP ASC ASTE ATHM AVA AVDX BCO BIP CELH CLBT CLVT CNDT COR CRL CTRI CVS DIN DK ENOV EYE FOLD GIB HLNE HWM IONS IRM JCI JLL KMT KRNT LINE LNTH LXP MAC MCFT MFA MKTX  NVO  OC ODP PERI PFGC PNW PRGO SFL SGHC SMG SMRT SNDR SRE STWD SUN SWX TEVA TRMB VERX VSH
• Afternoon: ACAD ACLS ADTN AEE ALB AMC ANSS APA APP APPS ARM ASH ASPN ATO AWR BALY BBDC BBSI BKH BMBL BROS BTG BYND CCRN CDE CDLX CDRE CERT CHRD CLNE COHR COOK COTY CRSR CSGS CTVA CWAN CXT CXW CYTK DLX DUOL DV ECPG ELF ENLC ENS EOLS ET EVTC FBIN FICO FNF FNV FRSH FSK FSLY GFL GH GILD GNK HCAT HL HST HUBS IIPR IONQ IPAR JAZZ JOBY JXN KAR KD KGS KNTK KVYO KW LAW LB LOPE LYFT LZ MCK MELI MEOH MKSI MODV MRO MTCH MWA NFG NMIH NTR ODD ORA OSUR PCRX PLYA POWI PR PRI PTC PYCR QCOM QGEN QTWO RAMP RCUS RDN RGLD RGNX RLAY RLJ RNR RPD RVMD RYN SBGI SEDG SITM SKT SRPT STE STR SUI TKO TNDM TPC TRIP TS TTWO UPWK VAC VCYT VECO VSAT VSTO VTLE VZIO WAY WES WK WMB WOLF XHR ZG ZIP

Thursday (November 7) 

• Morning: ACIW ACMR AGI APD APPN AQN BDX BIGC BRY BSY CARS CCJ CCOI CEVA CG COLD COMM DCO DDOG DNOW DNUT DT DUK EDR ELAN EPAM EPC EVRG FWRG GDRX GEO GERN GOLD GOLF GOOS HAE HAIN HAL HBI HGV HIMX HOUS HSY IBP INSW IRWD KLG KRP KVUE LCID LCII LFST LGND LSPD MDU MFC ML MPW MRNA MRX MT MTSI MUR NABL NTLA NVMI NXST OLPX OSCR PBH PCG PENN PLNT PLTK PRKS PRVA PZZA RL ROK RXO SCSC SEE SHOO SPTN STGW STRA TAP TBLA TDG TGLS TGNA THR THRY TPB TPR TPX UAA USFD VCEL VITL VTRS VYX WBD WD WRBY WWW XPEL XRAY YETI YOU
• Afternoon: AAOI AAON ABNB ACVA ADMA ADPT AFRM AGL AKAM AL ALLO ALRM ALTM AMN AMPL AMRC ANET ARLO ARRY ASLE ASTH ATEN AVPT AXON BE BHF BILL BL BLNK CABO CARG CIVI CLFD COLL CPAY CPK CPRI CYRX DBX DH DIOD DKNG DOCS DRH DXC ENV EOG ESTA EVH EXPE EXPI FIGS FIVN FLYW FNKO FROG FTNT G GDOT GETY GPRO HRB INDI INGN JAMF KTOS KURA LASR LGF.A LITE LPRO MGNI MLNK MNST MP MRVI MSI MTD MTUS MYGN NET NUS NVEE NWSA OEC OLO OPEN OPK OS OVV PACB PBI PEB PINS PODD PRA PTCT QDEL RDFN REZI RIVN RNG RRR RUN RXST SG SOLV SPT SQ STEP SVV SYNA TEM TOST TTD U UPST VCTR WBTN WEST WPM WTI XPOF YELP ZD

Friday (November 8)

• Morning: ADNT AMCX ANIP ATMU ATSG AXL BAX BLMN CLMT CNH ERJ FLGT FLO FLR FTRE GTN HLLY IMXI KOP LAMR NRG PAA PAL PAR PWP RBA SONY WMS
• Afternoon: HE PARAA

Unusual Options Activity Wed 8/21/24

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• BBAI Weekly Aug23 2 calls are seeing interest with the underlying stock up 30% (volume: 7.0K, open int: 160, implied vol: ~145%, prev day implied vol: 87%). The Co. and Concept Solutions team awarded 10 year $2.4 billion shared contract with U.S. Federal Aviation Administration to provide IT solutions and emerging tech.
• FUBO Weekly Aug23 2 calls (volume: 12.0K, open int: 30.9K, implied vol: ~116%, prev day implied vol: 93%). 1500 contracts traded in a single transaction. Co is expected to report earnings early November.
• EOSE Jan25 3 calls are seeing interest with the underlying stock up 15% (volume: 21.2K, open int: 15.1K, implied vol: ~119%, prev day implied vol: 106%). 20K traded in a single transaction. Stock was resumed with a Buy at Stifel. Co is expected to report earnings mid-November.
  

Bearish Put Activity:

• WOLF Sep 8 puts are seeing interest ahead of earnings tonight after the close (volume: 4.0K, open int: 600, implied vol: ~153%, prev day implied vol: 106%).
• KSS Sep 19 puts (volume: 15.5K, open int: 20, implied vol: ~70%, prev day implied vol: 55%). We noted activity in the Sep 19 puts earlier this week (see 8/20 13:42 OPTNX). Co is confirmed to report earnings August 28 before the open.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.84, VIX: (16.70, +0.82, +5.2%).
September 20 is options expiration -- the last day to trade September equity options.

Insider Trading : Fri 8/25/23

Notable purchases -- CTO adds to ROOT; notable sales -- Director active in XENE

Buyers:

• AON Director bought 800 shares at $324.575 worth ~$260K.
• AVA Chairman of the Board / 10% owner bought 3,100 shares at $32.39 - $32.40 worth ~$100K.
• EXFY 10% owner bought 67,661 shares at $4.48 - $4.50 worth ~$304K.
• GABC Director bought 6,000 shares at $28.64 worth ~$172K.
• HTLD Chief Executive Officer and Co-Trustee of 10% Owner bought a total of 54,461 shares at $14.935 - $14.99 worth ~$698K.
• OUST Director bought 30,000 shares at $5.7898 to $5.96 worth ~$177K.
• PENN Director bought 20,000 shares at $22.49 - $22.88 worth ~$453K.
• PI 10% owner Sylebra Capital bought another 74,771 shares at $59.49 worth ~$4.5 mln.
• ROOT  Chief Technology Officer bought 17,412 shares at $5.7898 - $5.96 worth ~$163K.
• RRGB 10% owner and the President & CEO bought a total of 237,536 shares at $10.15 - $10.59 worth ~$2.5 mln.
• SAVA Director bought 30,000 shares at $17.21 - $17.64 worth ~$524K.
• SEER CEO, President and Chair bought 40,000 shares at $2.49 - $2.50 worth ~$98K.
• WEST Director bought 20,000 shares at $10.00 - $10.19 worth ~$202K.
• WOLF Director bought 5,000 shares at $47.0136 worth ~$235K.

Sellers:

• CNXN President & CEO sold 35,465 shares at $52.29 - $53.60 worth ~$1.9 mln.
• TZOO 10% owner Azzurro Capital sold 75,369 shares at $6.60 -$7.03 worth ~$511K.
• XENE Director sold 25,000 shares at $38.70 - $38.79 worth ~$968K.

==Wolfspeed (WOLF) reported earnings on Wed 16 Aug 23 (a/h)

 

Wolfspeed misses by $0.22, beats on revs; guides SepQ EPS below consensus, revs in-line

• Reports Q4 (Jun) loss of $(0.42) per share, excluding non-recurring items, $0.22 worse than the FactSet Consensus of $(0.20); revenues rose 3.2% year/year to $235.8 mln vs the $224.53 mln FactSet Consensus.
• Co issues guidance for Q1 (Sep), sees EPS of $(0.75)-$(0.60), excluding non-recurring items, vs. ($0.29) FactSet Consensus; sees Q1 revs of $220-240 mln vs. $233.97 mln FactSet Consensus.

Earnings this week : Aug 14 - 18, 23 (wk 33)

Monday (Aug 14)

• Morning:  BTAI ERJ JKS MNDY ROIV
• Afternoon: DH HRTX NVTS

Tuesday (Aug 15)

• Morning: CAH HD HUYA IHS ONON PSFE RSKD SE TME
• Afternoon:  A CAVA COHR DLO HRB JKHY MRCY LRN

Wednesday (Aug 16)

• Morning:  EAT JD PFGC TGT TJX
• Afternoon:  AVT CSCO GAMB  PYCR SQM STNE SNPS WOLF

Thursday (Aug 17)

• Morning: WMT TPR SPTN NICE MSGS LITE DOLE BILI
• Afternoon:  AMAT BILL FTCH GLOB KEYS ROST

Friday (Aug 18)  

• Morning:  BKE DE EL VIPS
• Afternoon:  PANW

==Wolfspeed (WOLF) reported earnings on Wed 17 Aug 22 (a/h)

 

Wolfspeed beats by $0.08, beats on revs; guides Q1 (Sep) EPS in-line, revs above consensus; expects FY26 revs +30-40% higher than previous forecast

• Reports Q4 (Jun) loss of $(0.02) per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of $(0.10); revenues rose 56.7% year/year to $228.5 mln vs the $207.58 mln S&P Capital IQ Consensus.
• Co issues guidance for Q1 (Sep), sees EPS of $(0.02)-$(0.08), excluding non-recurring items, vs. $(0.07) S&P Capital IQ Consensus; sees Q1 revs of $232.5-247.5 mln vs. $224.45 mln S&P Capital IQ Consensus.
• Expects FY26 revenue 30-40% higher than the $2.1 bln forecasted last year.

Earnings this week : Aug 15 - 19, 22 (wk 33)

Monday (Aug 15)

• Morning:  YOU DOYU LI TWKS WEBR
• Afternoon: LFG BLND COMP FN FLNC GLBE NVTS SHLS TME TDUP ZIP

Tuesday (Aug 16)

• Morning: GENI HD HUYA IHS LITE ONON PINC SE WMT
• Afternoon:  A JKHY

Wednesday (Aug 17)

• Morning:  ADI DNUT LOW PFGC SFL TGT TJX
• Afternoon:  AMCR BBWI CSCO KEYS SNPS WOLF

Thursday (Aug 18)

• Morning: BJ CSIQ EL KSS NTES NICE SLQT SPTN TPR
• Afternoon:  AMAT BILL GLOB MAXN OSIS ROST

Friday (Aug 19)  

• Morning:  BKE DE FL VIPS

Chipmaker Cree (CREE) changes name to Wolfspeed, strikes deal with GM on battery tech

• Cree Inc shares previously traded on the Nasdaq Global Select Market, and newly renamed North Carolina-based Wolfspeed now will trade on the New York Stock Exchange under the ticker "WOLF."

 

Wolfspeed makes chips out of silicon carbide, which is more energy efficient than standard silicon for tasks such as transmitting power from an electric car's batteries to the motors that turn the wheels. That helps boost the vehicle's range. Tesla Inc was an early adopter of the chips, and other vehicle makers are following suit.

But silicon carbide chips are difficult to make because the raw crystalline material has to be grown in special furnaces and processed into chips differently from standard silicon.

Wolfspeed has worked with silicon carbide for 30 years. In addition to making its own silicon carbide chips, Wolfspeed makes about 60% of the world's raw silicon carbide material and supplies it to some of its competitors such as Infineon Technologies, STMicroelectronics and On Semiconductor.