LOS ANGELES, CA / ACCESSWIRE / August 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Wolfspeed is struggling with declining revenues and high expenses, but the power solutions company has a massive potential order book. The company added $2 billion worth of design-ins and $500 million in actual design-wins mostly tied to future EVs. The stock now trades at close to 1x adjusted EBITDA targets for only a few years out.
Wolfspeed's (WOLF) fourth-quarter fiscal 2024 results suffer from factory start-up costs and underutilization costs.
Wolfspeed, Inc. WOLF reported a loss for its fourth-quarter on Wednesday.
NEW YORK, NY / ACCESSWIRE / August 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wolfspeed, Inc. ("Wolfspeed") (NYSE:WOLF) concerning possible violations of federal securities laws. On August 16, 2023, Wolfspeed issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023.
LOS ANGELES, CA / ACCESSWIRE / August 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Wolfspeed (NYSE: WOLF ) just reported results for the fourth quarter of 2024. Wolfspeed reported earnings per share of -89 cents.
Wolfspeed, Inc. (NYSE:WOLF ) Q4 2024 Earnings Conference Call August 21, 2024 5:00 PM ET Company Participants Tyler Gronbach - VP, External Affairs Gregg Lowe - President & CEO Neill Reynolds - CFO Conference Call Participants Brian Lee - Goldman Sachs Harsh Kumar - Piper Sandler Joseph Cardoso - JPMorgan Colin Rusch - Oppenheimer Jed Dorsheimer - William Blair Joshua Buchalter - TD Cowen Joseph Moore - Morgan Stanley Christopher Rolland - Susquehanna Financial Group Operator Good afternoon. Thank you for attending the Wolfspeed Inc. Q4 Fiscal Year '24 Earnings Call.
Wolfspeed forecast first-quarter revenue below estimates on Wednesday, anticipating manufacturing issues that could affect its production capacity amid slowing EV sales.
Wolfspeed (WOLF) came out with a quarterly loss of $0.89 per share versus the Zacks Consensus Estimate of a loss of $0.84. This compares to loss of $0.42 per share a year ago.
NEW YORK, NY / ACCESSWIRE / August 21, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Wolfspeed, Inc. ("Wolfspeed") (NYSE:WOLF) concerning possible violations of federal securities laws. On August 16, 2023, Wolfspeed issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023.
LOS ANGELES, CA / ACCESSWIRE / August 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.