NASDAQ:CREE - Cree Stock Price, News, & Analysis

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$41.24 +0.64 (+1.58 %)
(As of 09/20/2018 01:06 PM ET)
Previous Close$41.19
Today's Range$40.74 - $41.36
52-Week Range$24.45 - $51.78
Volume24,391 shs
Average Volume1.48 million shs
Market Capitalization$4.11 billion
P/E Ratio-272.33
Dividend YieldN/A
Cree logoCree, Inc. provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. It also provides SiC power device products, including SiC Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for electric vehicles, including charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, this segment offers gallium nitride (GaN) die, high-electron mobility transistors (HEMTs), monolithic microwave integrated circuits (MMICs), and laterally diffused MOSFET (LDMOS) power transistors for telecommunications infrastructure, military, and other commercial applications; and custom die manufacturing services for GaN HEMTs and MMICs. The LED Products segment provides blue and green LED chip products for video screens, gaming displays, function indicator lights and automotive backlights, headlamps, and directional indicators. It also offers XLamp LED components and LED modules for lighting applications; and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications. The Lighting Products segment offers LED lighting systems and lamps for to distributors, retailers, and customers for offices, retail spaces, restaurants, hospitality, schools, universities, manufacturing, healthcare, airports, municipal, residential, street lighting, parking structures, and other applications. The company was founded in 1987 and is headquartered in Durham, North Carolina.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Semiconductors & related devices
SectorComputer and Technology


Debt-to-Equity Ratio0.14
Current Ratio3.58
Quick Ratio2.39


Trailing P/E Ratio-272.33
Forward P/E Ratio317.23
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.49 billion
Price / Sales2.81
Cash Flow$3.9730 per share
Price / Cash10.38
Book Value$20.62 per share
Price / Book2.00


EPS (Most Recent Fiscal Year)($0.15)
Net Income$-279,960,000.00
Net Margins-18.74%
Return on Equity-0.74%
Return on Assets-0.60%


Outstanding Shares101,790,000
Market Cap$4.11 billion

Cree (NASDAQ:CREE) Frequently Asked Questions

What is Cree's stock symbol?

Cree trades on the NASDAQ under the ticker symbol "CREE."

How were Cree's earnings last quarter?

Cree, Inc. (NASDAQ:CREE) announced its quarterly earnings results on Tuesday, August, 14th. The LED producer reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The LED producer earned $409.45 million during the quarter, compared to analysts' expectations of $399.69 million. Cree had a negative net margin of 18.74% and a negative return on equity of 0.74%. The business's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the business earned $0.04 earnings per share. View Cree's Earnings History.

When is Cree's next earnings date?

Cree is scheduled to release their next quarterly earnings announcement on Tuesday, October, 16th 2018. View Earnings Estimates for Cree.

What guidance has Cree issued on next quarter's earnings?

Cree updated its first quarter earnings guidance on Tuesday, August, 14th. The company provided EPS guidance of $0.10-0.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.12. The company issued revenue guidance of $395-415 million, compared to the consensus revenue estimate of $411.38 million.

What price target have analysts set for CREE?

18 Wall Street analysts have issued 1-year price targets for Cree's shares. Their forecasts range from $28.00 to $60.00. On average, they expect Cree's share price to reach $43.9829 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets for Cree.

What is the consensus analysts' recommendation for Cree?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 2 sell ratings, 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cree.

What are Wall Street analysts saying about Cree stock?

Here are some recent quotes from research analysts about Cree stock:
  • 1. Canaccord Genuity analysts commented, "Under the leadership of CEO Gregg Lowe, Cree is quietly transforming from a company focused on disrupting the lighting industry to one that supplies the necessary “arms” used to disrupt the automotive and lighting industries. While subtle, the change is profound and should allow the specialty semiconductor manufacturer to leverage its core competencies around silicon carbide (SiC) and gallium nitride (GaN), and investors to realize a more attractive return on invested capital. We believe Mr. Lowe is a unique CEO, as he leads by example. We track the progress and transformation occurring inside Cree through Glassdoor, as well as our soon-to- be-released disruption index that calibrates culture within organizations. We view these characteristics as a long game not often played by public company CEOs. When done right, we believe true disruption can occur in a meaningful way." (8/3/2018)
  • 2. According to Zacks Investment Research, "Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree's market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies. " (6/26/2018)

Who are some of Cree's key competitors?

Who are Cree's key executives?

Cree's management team includes the folowing people:
  • Mr. Gregg A. Lowe, Pres, CEO & Director (Age 55)
  • Dr. John W. Palmour, Founder & CTO - Wolfspeed (Age 57)
  • Mr. Neill P. Reynolds, Chief Financial Officer (Age 43)
  • Mr. Raiford Garrabrant, Director of Investor Relations
  • Mr. Greg Merritt, VP of Marketing & Public Affairs

Has Cree been receiving favorable news coverage?

Headlines about CREE stock have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cree earned a daily sentiment score of 0.18 on Accern's scale. They also gave news stories about the LED producer an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Cree.

Who are Cree's major shareholders?

Cree's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.74%), Dimensional Fund Advisors LP (6.86%), FMR LLC (4.97%), Iridian Asset Management LLC CT (3.80%), OppenheimerFunds Inc. (2.91%) and Fairpointe Capital LLC (2.27%). Company insiders that own Cree stock include Charles M Swoboda, Darren R Jackson, David Todd Emerson, John B Replogle and Michael E Mcdevitt. View Institutional Ownership Trends for Cree.

Which institutional investors are selling Cree stock?

CREE stock was sold by a variety of institutional investors in the last quarter, including Fairpointe Capital LLC, Nan Shan Life Insurance Co. Ltd., Dimensional Fund Advisors LP, Criterion Capital Management LLC, FMR LLC, Royce & Associates LP, Canada Pension Plan Investment Board and Morgan Stanley. Company insiders that have sold Cree company stock in the last year include David Todd Emerson and Michael E Mcdevitt. View Insider Buying and Selling for Cree.

Which institutional investors are buying Cree stock?

CREE stock was acquired by a variety of institutional investors in the last quarter, including Pendal Group Ltd, Artisan Partners Limited Partnership, Iridian Asset Management LLC CT, Ardevora Asset Management LLP, BlackRock Inc., Bank of New York Mellon Corp, Bank of New York Mellon Corp and Millennium Management LLC. Company insiders that have bought Cree stock in the last two years include Charles M Swoboda, Darren R Jackson, John B Replogle and Michael E Mcdevitt. View Insider Buying and Selling for Cree.

How do I buy shares of Cree?

Shares of CREE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cree's stock price today?

One share of CREE stock can currently be purchased for approximately $41.11.

How big of a company is Cree?

Cree has a market capitalization of $4.11 billion and generates $1.49 billion in revenue each year. The LED producer earns $-279,960,000.00 in net income (profit) each year or ($0.15) on an earnings per share basis. Cree employs 6,796 workers across the globe.

How can I contact Cree?

Cree's mailing address is 4600 Silicon Drive, DURHAM NC, 27703. The LED producer can be reached via phone at 919-407-5300 or via email at [email protected]

MarketBeat Community Rating for Cree (NASDAQ CREE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  792 (Vote Outperform)
Underperform Votes:  845 (Vote Underperform)
Total Votes:  1,637
MarketBeat's community ratings are surveys of what our community members think about Cree and other stocks. Vote "Outperform" if you believe CREE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CREE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/20/2018 by Staff

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