Wolfspeed Stock Plunges 22% in a Month: What Should You Do Now?

Zacks12-25 00:42

Wolfspeed WOLF shares have fallen 22% in the past month, underperforming the broader Zacks Computer and Technology sector’s growth of 3.5% and the Zacks Semiconductor – Discretes industry’s decline of...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2494030274?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/YT7fN0e2Shv68o.6OVnGmA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/c148afeaf671cd9b76653364f8737563","is_english":true,"pubTime":"2024-12-25 00:42","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2494030274","market":"us","top_or_hot":-1,"title":"Wolfspeed Stock Plunges 22% in a Month: What Should You Do Now?","media":"Zacks","content":"<div>\n<p>Wolfspeed WOLF shares have fallen 22% in the past month, underperforming the broader Zacks Computer and Technology sector’s growth of 3.5% and the Zacks Semiconductor – Discretes industry’s decline of...</p>\n\n<a href=\"https://finance.yahoo.com/news/wolfspeed-stock-plunges-22-month-164200964.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wolfspeed Stock Plunges 22% in a Month: What Should You Do Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWolfspeed Stock Plunges 22% in a Month: What Should You Do Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-25 00:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/wolfspeed-stock-plunges-22-month-164200964.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wolfspeed WOLF shares have fallen 22% in the past month, underperforming the broader Zacks Computer and Technology sector’s growth of 3.5% and the Zacks Semiconductor – Discretes industry’s decline of...</p>\n\n<a href=\"https://finance.yahoo.com/news/wolfspeed-stock-plunges-22-month-164200964.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B3M56506.USD","symbol_name":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/wolfspeed-stock-plunges-22-month-164200964.html","article_id":"2494030274","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/YT7fN0e2Shv68o.6OVnGmA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/c148afeaf671cd9b76653364f8737563"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494030274","pubTimestamp":1735058520,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"For the second quarter of fiscal 2025, Wolfspeed expects revenues of $160-$200 million.The Zacks Consensus Estimate for revenues is pegged at $179.42 million, indicating a 13.91% decrease from the figure reported in the year-ago quarter.Non-GAAP losses are estimated to be in the band of 89 cents to $1.14 per share.The consensus mark for earnings is pegged at 98 cents per share, revised downward by 9 cents over the past 60 days. This forecast suggests a year-over-year decline of 78.18% and significant challenges from last year.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","NVDS":"Tradr 1.5X Short NVDA Daily ETF","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","NVIW.SI":"NVDA 3xLongSG261006","NVDU":"Direxion Daily NVDA Bull 2X Shares","3NVD.UK":"LS 3X NVIDIA","BK4157":"电子设备和仪器","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","NVDA":"英伟达","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","OSIS":"OSI Systems","NVD2.UK":"2X NVIDIA ETP","SNVD.UK":"LS -1X NVIDIA","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","NVD3.UK":"LS 3X NVIDIA","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","NVDS.UK":"LS -1X NVIDIA","BK4141":"半导体产品","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0079474960.USD":"联博美国增长基金A","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1923622291.USD":"Natixis Thematics Safety R/A USD","BK4581":"高盛持仓","2NVD.UK":"2X NVIDIA ETP","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","WOLF":"Wolfspeed Inc.","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","NVD":"GraniteShares 2x Short NVDA Daily ETF","NVDD":"Direxion Daily NVDA Bear 1X Shares","FTNT":"飞塔信息","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC"},"translate_title":"Wolfspeed股价一个月内暴跌22%：你现在应该做什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OSIS":1,"FTNT":1,"NVDA":1,"WOLF":0.9,"NVD":0.6,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"NVIW.SI":0.6,"SNVD.UK":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"Wolfspeed WOLF shares have fallen 22% in the past month, underperforming the broader Zacks Computer and Technology sector’s growth of 3.5% and the Zacks Semiconductor – Discretes industry’s decline of 10%.The underperformance can be attributed to its dismal financial performance in the first quarter of fiscal 2025, as reported on Nov. 6.Wolfspeed recorded revenues of $194.7 million, declining 1.4% from the prior-year period and missing the Zacks Consensus Estimate of $200 million. The non-GAAP gross margin dropped to 3.4%, led by a lower revenue mix from the industrial and energy sectors, along with reduced product margins from the Durham Fab.Additionally, the company is facing rising restructuring costs due to its facility closures and consolidation efforts as it transitions to a 200mm wafer device fabrication technology from the current 150mm. WOLF’s heavy reliance on foreign sales and growing competition from China in the silicon carbide market are putting pressure on the company.\n\nWolfspeed Price and Consensus\n  \nWolfspeed price-consensus-chart | Wolfspeed Quote\n\nChallenging Q2 Outlook for Wolfspeed\nFor the second quarter of fiscal 2025, Wolfspeed expects revenues of $160-$200 million.The Zacks Consensus Estimate for revenues is pegged at $179.42 million, indicating a 13.91% decrease from the figure reported in the year-ago quarter.Non-GAAP losses are estimated to be in the band of 89 cents to $1.14 per share.The consensus mark for earnings is pegged at 98 cents per share, revised downward by 9 cents over the past 60 days. This forecast suggests a year-over-year decline of 78.18% and significant challenges from last year.\nEverything Not So Gloomy for WOLF\nWolfspeed is focusing on strengthening its capital structure and streamlining its operations costs by focusing on producing advanced 200mm silicon carbide products. This move aims to enhance yields and reduce costs, positioning the company for improved profitability.The company is building state-of-the-art silicon carbide facilities at Mohawk Valley and North Carolina locations to generate around $3 billion in annual revenues from its 200mm silicon carbide production.WOLF aims to benefit from the growing demand for silicon carbide in electric vehicles (EVs), and the industrial and energy markets. These sectors are experiencing significant growth as the world shifts toward cleaner and more efficient technologies.Wolfspeed has secured up to $2.5 billion in funding, including $750 million under the CHIPS Act and another $750 million from its lending group. This funding strengthens the company’s ability to expand its U.S. production, supporting its long-term growth and market position.Although demand is expected to ramp more slowly, Wolfspeed is capturing a significant EV market share. In the first quarter of fiscal 2025, the company achieved $1.3 billion in design wins, the third-highest on record, and $1.5 billion in design-ins, with about 70% linked to EV platforms.\nWolfspeed’s Zacks Rank\nWOLF currently carries a Zacks Rank #3 (Hold).Wolfspeed has taken steps to secure funding and achieve design milestones. However, it is facing challenges, including declining gross margins, wider net losses, restructuring costs and a cautious revenue forecast. Given these factors, it may be wise to wait for a more favorable entry point before investing in the stock.\nBetter-Ranked Picks\nNVIDIA NVDA, Fortinet FTNT and OSI Systems OSIS are some better-ranked stocks in the broader tech sector. Each of the three stocks currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The long-term earnings growth rates for NVDA, FTNT and OSIS are pegged at 20.00%, 18.28% and 12.85%, respectively.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nWolfspeed (WOLF) : Free Stock Analysis Report\nOSI Systems, Inc. (OSIS) : Free Stock Analysis Report\nFortinet, Inc. (FTNT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2494030274"}