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

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

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.

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

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.

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.

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.

Some companies that are related to Cree include STMicroelectronics (STM), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), ASE Technology (ASX), Qorvo (QRVO), Marvell Technology Group (MRVL), IPG Photonics (IPGP), Microsemi (MSCC), ON Semiconductor (ON), Integrated Device Technology (IDTI), United Microelectronics (UMC), Cavium (CAVM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR) and Siliconware Precision Industries (SPIL).

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.

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.

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.

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.

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 $41.11.

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.

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]