Cree Company Profile (NASDAQ:CREE)

About Cree (NASDAQ:CREE)

Cree logoCree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Company's products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. The Company has three segments: Lighting Products, LED Products, and Power and RF Products. The Company's Lighting Products segment offers LED lighting systems and bulbs. The Company's LED Products segment offers LED components, LED chips and silicon carbide (SiC) materials. The Company's Power and RF Products segment offers power devices and RF devices. The Company designs, manufactures and markets lighting systems for indoor and outdoor applications, with a focus on LED lighting systems for the commercial, industrial and consumer markets.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Semiconductors
  • Sub-Industry: Semiconductors
  • Symbol: NASDAQ:CREE
  • CUSIP: 22544710
  • Web: www.cree.com
Capitalization:
  • Market Cap: $3.32188 billion
  • Outstanding Shares: 97,810,000
Average Prices:
  • 50 Day Moving Avg: $27.68
  • 200 Day Moving Avg: $25.10
  • 52 Week Range: $20.50 - $35.46
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -1,695.00
  • P/E Growth: 7.25
Sales & Book Value:
  • Annual Revenue: $1.46 billion
  • Price / Sales: 2.27
  • Book Value: $22.61 per share
  • Price / Book: 1.50
Profitability:
  • EBITDA: $96.06 million
  • Net Margins: -8.42%
  • Return on Equity: -0.44%
  • Return on Assets: -0.37%
Debt:
  • Debt-to-Equity Ratio: 0.06%
  • Current Ratio: 4.82%
  • Quick Ratio: 3.61%
Misc:
  • Average Volume: 1.71 million shs.
  • Beta: 1.05
  • Short Ratio: 15.81
 

Frequently Asked Questions for Cree (NASDAQ:CREE)

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, October, 17th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.04 by $0.00. The business earned $360 million during the quarter, compared to analysts' expectations of $360.01 million. Cree had a negative return on equity of 0.44% and a negative net margin of 8.42%. The firm's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. View Cree's Earnings History.

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

Cree issued an update on its second quarter earnings guidance on Tuesday, October, 17th. The company provided earnings per share guidance of ($0.01)-$0.04 for the period, compared to the Thomson Reuters consensus estimate of $0.07. The company issued revenue guidance of $340-360 million, compared to the consensus revenue estimate of $368.95 million.

Where is Cree's stock going? Where will Cree's stock price be in 2017?

14 brokerages have issued 12-month target prices for Cree's stock. Their predictions range from $16.50 to $41.00. On average, they anticipate Cree's share price to reach $26.21 in the next year. View Analyst Ratings for Cree.

What are analysts saying about Cree stock?

Here are some recent quotes from research analysts about Cree stock:

  • 1. 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. " (7/18/2017)
  • 2. Needham & Company LLC analysts commented, "We are actually incrementally more positive on CREE after termination of the Wolfspeed divestiture to Infineon [Not Rated] due to regulatory concerns. While management's strategy is to transform Cree from a device manufacturer to becoming a lighting company, we have been concerned about the unintended consequence of the deal. Since selling Wolfspeed would offload a large profit contributor, we believe CREE could be hastened to quickly redeploy that capital in acquisitions, ultimately leading to buying a "wrong" asset. We like the decision to keep Wolfspeed especially as it appears the business is entering a new growth phase and contributing solid profits to the overall company. With the model in flux and the loss of a cash for downside support for the stock, we maintain our Hold." (2/17/2017)
  • 3. UBS AG analysts commented, "Cree's had in line results excluding the $0.13 EPS benefit from its legal settlement with Feit. We keep a Sell rating as it is at the high end of its historical range at 50x its FY18E EPS of $0.54 despite sales trends just starting to stabilize. We believe the stock could trade higher in the near term as its main peer Acuity Brands missed guidance and Cree hit its guidance. We estimate the settlement from FEIT in the quarter was $27M and negative reserve effects for a defective driver in its lighting products were $8M. Lighting sales and margins were in line with expectations when excluding these impacts. Cree reported strong quoting activity and its Mar-17 lighting sales were guided better than the normal -5% q/q seasonality. Cree expects this to more positively impact sales in late FY2017 and into FY2018 given the 9-12 month conversion cycle." (1/25/2017)
  • 4. Canaccord Genuity analysts commented, "Cree's pivot towards being an LED lighting pure-play will take time, as the core commercial lighting business stays more muted and (recent) encouraging signs in LED component pricing (and potential micro LED capacity absorption in the industry) are too early to suggest a sustainable trend toward margin expansion, in our view. Pivots take time, and the Street should be looking toward ~F2018 as a time frame to measure related progress, in our view." (1/19/2017)

Who are some of Cree's key competitors?

Who are Cree's key executives?

Cree's management team includes the folowing people:

  • Charles M. Swoboda, Chairman of the Board, President, Chief Executive Officer
  • Michael E. McDevitt, Chief Financial Officer, Executive Vice President
  • Norbert W. G. Hiller, Executive Vice President - Lighting
  • Robert A. Ingram, Lead Independent Director
  • John Replogle, Director
  • Alan J. Ruud, Director
  • Anne Clem Whitaker, Director
  • Clyde R. Hosein, Independent Director

Who owns Cree stock?

Cree's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Mutual of America Capital Management LLC (0.08%), State Treasurer State of Michigan (0.04%), Eqis Capital Management Inc. (0.02%) and Shell Asset Management Co. (0.02%). Company insiders that own Cree stock include Anne Clem Whitaker, Charles M Swoboda, Darren R Jackson, John B Replogle, Michael E Mcdevitt and Robert Alexander Ingram. View Institutional Ownership Trends for Cree.

Who sold Cree stock? Who is selling Cree stock?

Cree's stock was sold by a variety of institutional investors in the last quarter, including Eqis Capital Management Inc. and State Treasurer State of Michigan. View Insider Buying and Selling for Cree.

Who bought Cree stock? Who is buying Cree stock?

Cree's stock was acquired by a variety of institutional investors in the last quarter, including Shell Asset Management Co. and Mutual of America Capital 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 Cree stock?

Shares of Cree can be purchased through any online brokerage account. Popular online brokerages 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 $33.90.


MarketBeat Community Rating for Cree (NASDAQ CREE)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  602 (Vote Outperform)
Underperform Votes:  706 (Vote Underperform)
Total Votes:  1,308
MarketBeat's community ratings are surveys of what our community members think about Cree and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Cree (NASDAQ:CREE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Sell Ratings, 8 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 1.86)
Consensus Price Target: $26.21 (22.69% downside)
Consensus Price Target History for Cree (NASDAQ:CREE)
Price Target History for Cree (NASDAQ:CREE)
Analysts' Ratings History for Cree (NASDAQ:CREE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017Goldman Sachs Group, Inc. (The)Set Price TargetSell$19.00N/AView Rating Details
10/19/2017Williams CapitalDowngradeHold -> Sell$27.00N/AView Rating Details
10/18/2017Oppenheimer Holdings, Inc.Reiterated RatingHoldN/AView Rating Details
10/18/2017Bank of America CorporationBoost Price TargetNeutral$31.00 -> $32.00N/AView Rating Details
10/18/2017JMP SecuritiesSet Price TargetBuy$29.00 -> $41.00N/AView Rating Details
10/16/2017Roth CapitalSet Price TargetBuy$35.00N/AView Rating Details
10/6/2017J P Morgan Chase & CoDowngradeNeutral -> Underweight$23.00 -> $28.00N/AView Rating Details
9/28/2017Northland SecuritiesReiterated RatingHold$28.00LowView Rating Details
9/26/2017Needham & Company LLCReiterated RatingHoldLowView Rating Details
8/25/2017KeyCorpReiterated RatingEqual Weight$21.00LowView Rating Details
8/23/2017Cowen and CompanySet Price TargetHold$22.00MediumView Rating Details
8/23/2017Deutsche Bank AGReiterated RatingHold$24.00 -> $22.00MediumView Rating Details
8/23/2017Canaccord GenuityReiterated RatingHold$23.00HighView Rating Details
8/23/2017StephensDowngradeEqual Weight -> Underweight$27.50 -> $16.50HighView Rating Details
5/13/2016Pacific CrestInitiated CoverageFair Value -> Sector Perform$24.00 -> $23.00N/AView Rating Details
4/6/2016Summit ResearchReiterated RatingHold$30.00 -> $25.00N/AView Rating Details
3/28/2016WedbushLower Price TargetOutperform$77.00 -> $73.00N/AView Rating Details
3/28/2016Credit Suisse GroupLower Price TargetNeutral$60.00 -> $50.00N/AView Rating Details
2/22/2016Piper Jaffray CompaniesUpgradeNeutral -> Overweight$27.00 -> $37.00N/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Cree (NASDAQ:CREE)
Earnings by Quarter for Cree (NASDAQ:CREE)
Earnings History by Quarter for Cree (NASDAQ CREE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/17/2017Q1 2018$0.04$0.04$360.01 million$360.00 millionViewN/AView Earnings Details
8/22/2017Q4 2017$0.04$0.04$349.82 million$359.00 millionViewN/AView Earnings Details
4/25/2017Q3 17$0.09($0.11)$339.41 million$341.51 millionViewN/AView Earnings Details
1/24/2017Q217$0.08$0.30$328.54 million$347.00 millionViewN/AView Earnings Details
10/18/2016Q117$0.03$0.15$322.77 million$321.30 millionViewListenView Earnings Details
8/16/2016Q416$0.20$0.19$385.83 million$388.40 millionViewListenView Earnings Details
4/26/2016Q316$0.14$0.17$370.49 million$367.00 millionViewListenView Earnings Details
1/19/2016Q216$0.24$0.30$435.27 million$436.00 millionViewListenView Earnings Details
10/20/2015Q1$0.20$0.21$418.67 million$425.50 millionViewListenView Earnings Details
8/11/2015Q415($0.26)($0.19)$378.92 million$382.20 millionViewListenView Earnings Details
4/21/2015Q315$0.23$0.22$406.65 million$409.52 millionViewN/AView Earnings Details
1/20/2015Q215$0.22$0.33$412.08 million$413.20 millionViewN/AView Earnings Details
10/21/2014Q115$0.24$0.24$432.60 million$427.70 millionViewListenView Earnings Details
8/12/2014Q414$0.41$0.42$444.11 million$436.30 millionViewN/AView Earnings Details
4/22/2014Q314$0.38$0.39$407.28 million$405.20 millionViewN/AView Earnings Details
1/21/2014Q214$0.39$0.46$412.36 million$415.09 millionViewN/AView Earnings Details
10/22/2013Q114$0.39$0.39$392.31 million$391.00 millionViewN/AView Earnings Details
8/13/2013Q4 2013$0.38$0.38$377.21 million$375.00 millionViewN/AView Earnings Details
4/23/2013Q3 2013$0.34$0.34$341.96 million$348.93 millionViewN/AView Earnings Details
1/22/2013Q2 2013$0.30$0.32$331.06 million$346.30 millionViewN/AView Earnings Details
10/16/2012$0.26$0.27ViewN/AView Earnings Details
8/7/2012$0.23$0.25ViewN/AView Earnings Details
4/17/2012$0.21$0.20ViewN/AView Earnings Details
1/17/2012$0.26$0.25ViewN/AView Earnings Details
10/18/2011$0.25$0.25ViewN/AView Earnings Details
8/9/2011$0.27$0.28ViewN/AView Earnings Details
4/19/2011$0.29$0.27ViewN/AView Earnings Details
1/18/2011$0.58$0.55ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Cree (NASDAQ:CREE)
2017 EPS Consensus Estimate: $0.17
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172($0.02)$0.08$0.03
Q2 20171$0.02$0.02$0.02
Q3 20171$0.03$0.03$0.03
Q4 20172$0.08$0.10$0.09
Q2 20181($0.10)($0.10)($0.10)
Q3 20181($0.11)($0.11)($0.11)
Q4 20181($0.03)($0.03)($0.03)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Cree (NASDAQ:CREE)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Cree (NASDAQ:CREE)
Insider Ownership Percentage: 1.10%
Institutional Ownership Percentage: 91.19%
Insider Trades by Quarter for Cree (NASDAQ:CREE)
Institutional Ownership by Quarter for Cree (NASDAQ:CREE)
Insider Trades by Quarter for Cree (NASDAQ:CREE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/27/2017John B ReplogleDirectorBuy10,000$22.11$221,100.00View SEC Filing  
10/24/2016Darren R JacksonDirectorBuy10,000$22.85$228,500.00View SEC Filing  
10/21/2016Michael E McdevittInsiderBuy5,000$22.20$111,000.00View SEC Filing  
10/20/2016Charles M SwobodaChairmanBuy10,000$22.22$222,200.00View SEC Filing  
10/20/2016John B ReplogleDirectorBuy5,000$22.34$111,700.00View SEC Filing  
8/18/2016John B ReplogleDirectorBuy5,000$23.33$116,650.00View SEC Filing  
2/16/2016Anne Clem WhitakerDirectorSell623$30.00$18,690.00View SEC Filing  
12/1/2015Robert Alexander IngramDirectorSell3,750$27.67$103,762.50View SEC Filing  
11/17/2015John B ReplogleDirectorBuy5,000$23.30$116,500.00View SEC Filing  
9/3/2015Anne Clem WhitakerDirectorSell1,994$26.74$53,319.56View SEC Filing  
6/5/2015Norbert HillerEVPBuy5,000$30.14$150,700.00View SEC Filing  
6/2/2015John B ReplogleDirectorBuy1,166$30.41$35,458.06View SEC Filing  
5/26/2015Charles M SwobodaCEOBuy10,000$29.32$293,200.00View SEC Filing  
10/23/2014John B ReplogleDirectorBuy5,000$27.75$138,750.00View SEC Filing  
9/4/2014Clyde HoseinDirectorSell5,000$44.73$223,650.00View SEC Filing  
5/12/2014John ReplogleDirectorBuy1,250$46.29$57,862.50View SEC Filing  
4/24/2014Alan RuudDirectorSell25,000$50.05$1,251,250.00View SEC Filing  
1/23/2014Alan RuudDirectorSell32,500$63.76$2,072,200.00View SEC Filing  
11/21/2013Alan RuudDirectorSell25,000$54.95$1,373,750.00View SEC Filing  
10/24/2013Alan J RuudDirectorSell32,500$61.67$2,004,275.00View SEC Filing  
10/24/2013Charles M SwobodaCEOSell40,000$61.67$2,466,800.00View SEC Filing  
10/24/2013Norbert HillerEVPSell6,667$61.67$411,153.89View SEC Filing  
6/7/2013Clyde HoseinDirectorSell5,000$62.87$314,350.00View SEC Filing  
5/28/2013Harvey A WagnerDirectorSell5,000$61.25$306,250.00View SEC Filing  
5/22/2013Tyrone D Mitchell JrEVPSell27,500$61.90$1,702,250.00View SEC Filing  
8/9/2012Harvey A WagnerDirectorSell5,000$27.11$135,550.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Cree (NASDAQ:CREE)
Latest Headlines for Cree (NASDAQ:CREE)
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Cree (CREE) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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