Cree Stock Forecast, Price & News

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.

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

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.

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.
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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.

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.

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.

Some companies that are related to Cree include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), First Solar (FSLR), Lattice Semiconductor (LSCC) and Silicon Laboratories (SLAB).
View all of CREE's competitors.

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).

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

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.

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.

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.

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

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.

Cree employs 5,130 workers across the globe.

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.

Cree was founded in 1987.

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

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

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]