NASDAQ:CREE - Cree Stock Price, Price Target & More

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

Cree, Inc. (NASDAQ:CREE) released its quarterly earnings results on Tuesday, April, 24th. The LED producer reported $0.04 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.01 by $0.03. The LED producer had revenue of $355.96 million for the quarter, compared to the consensus estimate of $347.38 million. Cree had a negative return on equity of 1.10% and a negative net margin of 17.50%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.01 earnings per share. View Cree's Earnings History.

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

Cree updated its fourth quarter earnings guidance on Tuesday, April, 24th. The company provided EPS guidance of $0.05-0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.07. The company issued revenue guidance of $390-410 million, compared to the consensus revenue estimate of $377.47 million.

19 Wall Street analysts have issued 1 year price objectives for Cree's stock. Their predictions range from $16.50 to $53.00. On average, they expect Cree's stock price to reach $37.8913 in the next twelve months. This suggests that the stock has a possible downside of 19.4%. View Analyst Ratings for Cree.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 3 sell ratings, 12 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Cree include Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), Marvell Technology Group (MRVL), Qorvo (QRVO), ON Semiconductor (ON), ASE INDL HLDG C/S (ASX), Microsemi (MSCC), United Microelectronics (UMC), SUMCO Corp/ADR (SUOPY), Cypress Semiconductor (CY), Cavium (CAVM) and Monolithic Power Systems (MPWR).

News coverage about CREE stock has been trending positive recently, according to Accern. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cree earned a media sentiment score of 0.36 on Accern's scale. They also assigned news articles about the LED producer an impact score of 45.61 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Cree's stock is owned by many different of institutional and retail investors. Top institutional investors include Pendal Group Ltd (2.25%), Retirement Systems of Alabama (0.13%), Westpac Banking Corp (0.12%), Louisiana State Employees Retirement System (0.03%), Municipal Employees Retirement System of Michigan (0.02%) and Fox Run Management L.L.C. (0.02%). Company insiders that own Cree stock include Charles M Swoboda, Darren R Jackson, John B Replogle and Michael E Mcdevitt. View Institutional Ownership Trends for Cree.

CREE stock was sold by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan, Radnor Capital Management LLC, Alpha Windward LLC and Bank of Montreal Can. View Insider Buying and Selling for Cree.

CREE stock was acquired by a variety of institutional investors in the last quarter, including Pendal Group Ltd, Westpac Banking Corp, Fox Run Management L.L.C., Berkshire Asset Management LLC PA, Retirement Systems of Alabama, Smithfield Trust Co., Xact Kapitalforvaltning AB and Louisiana State Employees Retirement System. 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.

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.

One share of CREE stock can currently be purchased for approximately $47.00.

Cree has a market capitalization of $4.75 billion and generates $1.47 billion in revenue each year. The LED producer earns $-98,110,000.00 in net income (profit) each year or $0.19 on an earnings per share basis. Cree employs 6,039 workers across the globe.

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]