Core Viewpoint - Wolfspeed (WOLF) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ending December 2024, with a consensus outlook indicating a significant impact on its near-term stock price based on actual results compared to estimates [1][2]. Earnings Expectations - The upcoming earnings report is expected to show a quarterly loss of $1.01 per share, reflecting a year-over-year change of -83.6%, with revenues projected at $179.37 million, down 13.9% from the previous year [3]. - The consensus EPS estimate has been revised 0.74% higher in the last 30 days, indicating a slight reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Wolfspeed is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.49%, indicating a bearish outlook from analysts [10][11]. - Historically, Wolfspeed has beaten consensus EPS estimates three out of the last four quarters, with a recent surprise of +9.90% when it reported a loss of $0.91 instead of the expected loss of $1.01 [12][13]. Stock Movement Potential - The stock may experience upward movement if the actual earnings exceed expectations, while a miss could lead to a decline [2]. - Despite the negative Earnings ESP reading, it does not definitively indicate an earnings miss, as other factors can influence stock performance [9][14]. Conclusion - Wolfspeed does not currently appear to be a strong candidate for an earnings beat, and investors should consider additional factors when making decisions regarding the stock ahead of the earnings release [16].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Wolfspeed, Inc. securities between August 16, 2023, and November 6, 2024, about the January 17, 2025, lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by January 17, 2025, to serve as lead plaintiff [2] - The lawsuit concerns Wolfspeed's Mohawk Valley fabrication facility and alleges that the company misrepresented its growth potential and operational status [4][5] Group 2: Allegations Against Wolfspeed - The complaint claims that Wolfspeed provided overly positive revenue projections while concealing material adverse facts about its growth potential [5] - To meet its projections, Wolfspeed would need to cancel future projects, including a facility in Saarland, Germany, and terminate a significant portion of its workforce [5] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and ranking No. 1 for securities class action settlements in 2017 [3] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [3]

WOLF DEADLINE TODAY: ROSEN, A LEADING NATIONAL FIRM, Encourages Wolfspeed, Inc. Investors to Secure Counsel Before Important January 17 Deadline in Securities Class Action - WOLF ...

DEADLINE TODAY: Investors Are Invited To Contact The Schall Law Firm About A Securities Fraud Case Against Wolfspeed, Inc. ...

FINAL REMINDER WOLF DEADLINE: Bronstein, Gewirtz & Grossman LLC Alerts Wolfspeed, Inc. Investors to Participate in the Class Action Lawsuit ...

LOS ANGELES, Jan. 17, 2025 /PRNewswire/ --  The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE: WOLF) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between August 16, 2023 and November 6, 2024, inclusive (the "Class Period"), a ...

Wolfspeed (WOLF) shares soared 38.6% in the last trading session to close at $6.68. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 38.6% loss over the past four weeks.Wolfspeed is benefiting from its transformation into a pure-play silicon carbide provider through portfolio optimization, including the sale of its RF business. It has also recently completed an offering of 27.8 million shares, raising approximately $200 million to ...

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment inWolfspeed, Inc. of Class Action Lawsuit and Upcoming Deadlines - WOLF ...

DEADLINE TOMORROW: Wolfspeed, Inc. Is Being Sued For Securities Law Violations And The Schall Law Firm Urges Affected Shareholders To Reach Out ...

Shares of Wolfspeed (WOLF 28.28%) are seeing explosive gains in Wednesday's trading. The silicon carbide specialist's share price was up 25% as of 1 p.m. ET today amid the backdrop of a 1.5% gain for the S&P 500 index and a 2% jump for the Nasdaq Composite index.Wolfspeed is surging today following fundraising news and a CHIPS Act announcement from the company. The stock is also getting a boost from the latest inflation report from the Bureau of Labor Statistics (BLS).Wolfspeed stock surges on funding news ...