NASDAQ:CREE

Cree Stock Forecast, Price & News

$100.01
+3.19 (+3.29 %)
(As of 06/14/2021 12:00 AM ET)
Add
Compare
Today's Range
$96.37
$100.40
50-Day Range
$88.24
$119.02
52-Week Range
$56.39
$129.90
Volume953,478 shs
Average Volume1.69 million shs
Market Capitalization$11.55 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.51
30 days | 90 days | 365 days | Advanced Chart
Receive CREE News and Ratings via Email

Sign-up to receive the latest news and ratings for Cree and its competitors with MarketBeat's FREE daily newsletter.


Cree logo

About Cree

Cree, Inc. provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally. It operates in two segments, Wolfspeed and LED 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 company was founded in 1987 and is headquartered in Durham, North Carolina.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Social Links


MarketRank

Overall MarketRank

1.26 out of 5 stars

Computer And Technology Sector

550th out of 1,586 stocks

Semiconductors & Related Devices Industry

81st out of 151 stocks

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











Cree (NASDAQ:CREE) Frequently Asked Questions

Is Cree a buy right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cree stock.
View analyst ratings for Cree
or view top-rated stocks.

What stocks does MarketBeat like better than Cree?

Wall Street analysts have given Cree a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cree wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Cree's next earnings date?

Cree is scheduled to release its next quarterly earnings announcement on Tuesday, August 17th 2021.
View our earnings forecast for Cree
.

How were Cree's earnings last quarter?

Cree, Inc. (NASDAQ:CREE) issued its earnings results on Wednesday, April, 28th. The LED producer reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.31) by $0.09. The LED producer had revenue of $137.30 million for the quarter, compared to analysts' expectations of $130.39 million. Cree had a negative net margin of 60.56% and a negative trailing twelve-month return on equity of 6.87%. The firm's quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.17) earnings per share.
View Cree's earnings history
.

How has Cree's stock been impacted by Coronavirus (COVID-19)?

Cree's stock was trading at $35.34 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CREE shares have increased by 183.0% and is now trading at $100.01.
View which stocks have been most impacted by COVID-19
.

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

Cree issued an update on its fourth quarter 2021 earnings guidance on Wednesday, May, 5th. The company provided earnings per share guidance of -0.260--0.220 for the period, compared to the Thomson Reuters consensus estimate of $-0.210. The company issued revenue guidance of $142 million-$148 million, compared to the consensus revenue estimate of $138.64 million.

What price target have analysts set for CREE?

14 analysts have issued twelve-month price objectives for Cree's stock. Their forecasts range from $68.00 to $160.00. On average, they anticipate Cree's stock price to reach $114.92 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price.
View analysts' price targets for Cree
or view top-rated stocks among Wall Street analysts.

Who are Cree's key executives?

Cree's management team includes the following people:
  • Mr. Gregg A. Lowe, Pres, CEO & Director (Age 58, Pay $883.88k) (LinkedIn Profile)
  • Mr. Neill P. Reynolds, Exec. VP & CFO (Age 46, Pay $979.58k)
  • Dr. John W. Palmour, Founder & CTO - Wolfspeed (Age 60) (LinkedIn Profile)
  • Mr. Tyler D. Gronbach, VP of Investor Relations (Age 52)
  • Mr. Bradley D. Kohn, Sr. VP & Gen. Counsel (Age 52)
  • Mr. Greg Merritt, VP of Marketing & Public Affairs
  • Mr. David Elien, Sr. VP of Lighting
  • Mr. Thomas Wessel, Sr. VP of Global Sales and Marketing (Age 54)
  • Mr. Claude Z. Demby, Sr. VP & Pres of LED (Age 57)
  • Rick McFarland, Sr. VP of Global Operations

What is Gregg Lowe's approval rating as Cree's CEO?

102 employees have rated Cree CEO Gregg Lowe on Glassdoor.com. Gregg Lowe has an approval rating of 96% among Cree's employees. This puts Gregg Lowe in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Cree's key competitors?

What other stocks do shareholders of Cree own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cree investors own include NVIDIA (NVDA), Intel (INTC), Micron Technology (MU), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), salesforce.com (CRM), Bank of America (BAC) and Tesla (TSLA).

What is Cree's stock symbol?

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

Who are Cree's major shareholders?

Cree's stock is owned by a number of retail and institutional investors. Top institutional investors include Capital International Investors (8.37%), Clearbridge Investments LLC (6.48%), Primecap Management Co. CA (2.24%), Whale Rock Capital Management LLC (2.00%), Alliancebernstein L.P. (1.62%) and Artisan Partners Limited Partnership (1.58%). Company insiders that own Cree stock include Clyde Hosein, Duy Loan T Le, John B Replogle and Thomas H Werner.
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 Morgan Stanley, Whale Rock Capital Management LLC, CloudAlpha Capital Management Limited Hong Kong, Edmond DE Rothschild Holding S.A., Artisan Partners Limited Partnership, Primecap Management Co. CA, Clearbridge Investments LLC, and FIL Ltd. Company insiders that have sold Cree company stock in the last year include Clyde Hosein, John B Replogle, and Thomas H Werner.
View insider buying and selling activity for Cree
or view top insider-selling stocks.

Which institutional investors are buying Cree stock?

CREE stock was purchased by a variety of institutional investors in the last quarter, including Capital International Investors, Ardevora Asset Management LLP, Principal Financial Group Inc., Principal Financial Group Inc., Alliancebernstein L.P., Ensign Peak Advisors Inc, Rafferty Asset Management LLC, and Healthcare of Ontario Pension Plan Trust Fund.
View insider buying and selling activity for Cree
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cree's stock price today?

One share of CREE stock can currently be purchased for approximately $100.01.

How much money does Cree make?

Cree has a market capitalization of $11.55 billion and generates $903.90 million in revenue each year. The LED producer earns $-191,700,000.00 in net income (profit) each year or ($0.87) on an earnings per share basis.

How many employees does Cree have?

Cree employs 5,130 workers across the globe.

Does Cree have any subsidiaries?

The following companies are subsidiares of Cree: Arkansas Power Electronics International Inc, Cree Hong Kong Limited, Infineon Technologies - Radio Frequency (RF) Power Business, LED Lighting Fixtures, and Ruud Lighting Inc.

When was Cree founded?

Cree was founded in 1987.

What is Cree's official website?

The official website for Cree is www.cree.com.

Where are Cree's headquarters?

Cree is headquartered at 4600 Silicon Drive, DURHAM NC, 27703.

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]


This page was last updated on 6/14/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.