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: Semiconductor Equipment & Materials
  • Sub-Industry: Semiconductors
  • Symbol: NASDAQ:CREE
  • CUSIP: 22544710
  • Web: www.cree.com
Capitalization:
  • Market Cap: $2.33 billion
  • Outstanding Shares: 97,346,000
Average Prices:
  • 50 Day Moving Avg: $23.40
  • 200 Day Moving Avg: $25.77
  • 52 Week Range: $20.75 - $31.64
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 44.31
  • P/E Growth: 3.20
Sales & Book Value:
  • Annual Revenue: $1.5 billion
  • Price / Sales: 1.55
  • Book Value: $22.70 per share
  • Price / Book: 1.05
Profitability:
  • EBIDTA: $111.05 million
  • Net Margins: -0.26%
  • Return on Equity: 1.06%
  • Return on Assets: 0.90%
Debt:
  • Debt-to-Equity Ratio: 0.07%
  • Current Ratio: 6.99%
  • Quick Ratio: 5.67%
Misc:
  • Average Volume: 1.01 million shs.
  • Beta: 1.29
  • Short Ratio: 12.32
 

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, April, 25th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.09 by $0.20. The company earned $341.51 million during the quarter, compared to analyst estimates of $339.41 million. Cree had a negative net margin of 0.26% and a positive return on equity of 1.06%. The firm's revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 EPS. View Cree's Earnings History.

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

Cree issued an update on its fourth quarter earnings guidance on Friday, May, 19th. The company provided EPS guidance of $0.02-0.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.04. The company issued revenue guidance of $340-360 million, compared to the consensus revenue estimate of $349.86 million.

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

12 brokerages have issued 1 year price targets for Cree's stock. Their predictions range from $17.00 to $33.00. On average, they expect Cree's stock price to reach $25.86 in the next twelve months. 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. " (5/1/2017)
  • 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. 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)

Are investors shorting Cree?

Cree saw a increase in short interest in April. As of April 28th, there was short interest totalling 9,506,801 shares, an increase of 0.2% from the April 13th total of 9,486,401 shares. Based on an average daily trading volume, of 1,603,402 shares, the days-to-cover ratio is presently 5.9 days.

Who are some of Cree's key competitors?

Who owns Cree stock?

Cree's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (9.15%), Primecap Management Co. CA (9.01%), BlackRock Inc. (8.30%), Vanguard Group Inc. (8.21%), Dimensional Fund Advisors LP (7.07%) and Fairpointe Capital LLC (5.73%). Company insiders that own Cree stock include Anne Clem Whitaker, Charles M Swoboda, Darren R Jackson, John B Replogle, Michael E Mcdevitt, Norbert Hiller 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 FMR LLC, Primecap Management Co. CA, State of Wisconsin Investment Board, Lapides Asset Management LLC, Investment Management of Virginia LLC, California Public Employees Retirement System, Frontier Capital Management Co. LLC and KCG Holdings Inc.. View Insider Buying and Selling for Cree.

Who bought Cree stock? Who is buying Cree stock?

Cree's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Robecosam AG, First Trust Advisors LP, Vanguard Group Inc., FIL Ltd, Wells Fargo & Company MN and Canada Pension Plan Investment Board. Company insiders that have bought Cree stock in the last two years include Charles M Swoboda, Darren R Jackson, John B Replogle, Michael E Mcdevitt and Norbert Hiller. 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.

How much does a share of Cree stock cost?

One share of Cree stock can currently be purchased for approximately $23.93.

Analyst Ratings

Consensus Ratings for Cree (NASDAQ:CREE) (?)
Ratings Breakdown: 1 Sell Rating, 8 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.17)
Consensus Price Target: $25.86 (8.05% upside)

Analysts' Ratings History for Cree (NASDAQ:CREE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/22/2017JMP SecuritiesUpgradeMarket Perform -> Outperform$23.81 -> $29.00HighView Rating Details
4/29/2017Deutsche Bank AGReiterated RatingHold$28.00 -> $24.00LowView Rating Details
4/26/2017Cowen and CompanyReiterated RatingMarket PerformHighView Rating Details
4/26/2017Williams CapitalLower Price TargetHold$27.00 -> $25.00HighView Rating Details
4/21/2017Canaccord GenuityReiterated RatingHold$23.00LowView Rating Details
3/31/2017Roth CapitalReiterated RatingBuy$34.00 -> $33.00HighView Rating Details
2/21/2017JPMorgan Chase & Co.Reiterated RatingOverweight -> Overweight$30.00N/AView Rating Details
2/17/2017Needham & Company LLCReiterated RatingHoldN/AView Rating Details
12/27/2016Goldman Sachs Group IncSet Price TargetSell$17.00N/AView Rating Details
10/23/2016Oppenheimer Holdings Inc.Reiterated RatingMarket PerformN/AView Rating Details
10/19/2016StephensDowngradeOverweight -> Equal WeightN/AView Rating Details
8/17/2016Northland SecuritiesDowngradeOutperform -> Market PerformN/AView 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
4/6/2016Bank of America CorpReiterated RatingHoldN/AView Rating Details
3/28/2016WedbushLower Price TargetOutperform$77.00 -> $73.00N/AView Rating Details
3/28/2016Credit Suisse Group AGLower Price TargetNeutral$60.00 -> $50.00N/AView Rating Details
2/22/2016Piper Jaffray CompaniesUpgradeNeutral -> Overweight$27.00 -> $37.00N/AView Rating Details
8/11/2015GabelliReiterated RatingBuyN/AView Rating Details
6/26/2015Raymond James Financial, Inc.Reiterated RatingUnderperformN/AView Rating Details
(Data available from 5/26/2015 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
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
(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: 1.30%
Institutional Ownership Percentage: 84.38%
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)
Source:
DateHeadline
finance.yahoo.com logoCree discloses Swoboda's severance package in filing
finance.yahoo.com - May 24 at 9:21 PM
finance.yahoo.com logoCree, Inc. breached its 50 day moving average in a Bearish Manner : CREE-US : May 24, 2017
finance.yahoo.com - May 24 at 4:20 PM
finance.yahoo.com logoCree Introduces Innovative New ZR-RK LED Troffer Retrofit Kit
finance.yahoo.com - May 23 at 12:40 PM
fool.com logoCree Stock Upgraded on Hopes for a Sale: What You Need to Know
www.fool.com - May 22 at 1:34 PM
fool.com logoInstant Analysis: Cree's CEO Is Stepping Down
www.fool.com - May 22 at 9:25 AM
americanbankingnews.com logoCree, Inc. (CREE) Raised to Market Outperform at JMP Securities
www.americanbankingnews.com - May 22 at 9:04 AM
americanbankingnews.com logoTheStreet Lowers Cree, Inc. (CREE) to D+
www.americanbankingnews.com - May 19 at 4:40 PM
seekingalpha.com logoCree CEO transition may lead to Wolfspeed spinoff, analyst says
seekingalpha.com - May 19 at 4:31 PM
finance.yahoo.com logoCree Announces CEO Succession Plan
finance.yahoo.com - May 19 at 4:22 PM
finance.yahoo.com logoCree CEO Chuck Swoboda stepping down from his position
finance.yahoo.com - May 19 at 4:22 PM
finance.yahoo.com logoCree CEO Chuck Swoboda resigns
finance.yahoo.com - May 19 at 4:22 PM
americanbankingnews.com logoCree, Inc. (CREE) Releases Q4 Earnings Guidance
www.americanbankingnews.com - May 19 at 2:26 PM
finance.yahoo.com logoCree, Inc. to Webcast Upcoming Conference Presentation
finance.yahoo.com - May 18 at 11:00 AM
nasdaq.com logoOversold Conditions For Cree
www.nasdaq.com - May 17 at 9:33 PM
prnewswire.com logoCutting-edge Lighting Solutions Market Indicating Steady Growth as Industry Opportunities Expand
www.prnewswire.com - May 16 at 12:14 PM
finance.yahoo.com logoWolfspeed Achieves Industry’s First All-SiC 1.2kV power Module Reliability Benchmark for Harsh Environment Operation
finance.yahoo.com - May 16 at 12:14 PM
finance.yahoo.com logoETFs with exposure to Cree, Inc. : May 15, 2017
finance.yahoo.com - May 15 at 4:24 PM
americanbankingnews.com logo Analysts Anticipate Cree, Inc. (CREE) Will Post Quarterly Sales of $350.16 Million
www.americanbankingnews.com - May 13 at 8:00 AM
americanbankingnews.com logoShort Interest in Cree, Inc. (CREE) Grows By 0.2%
www.americanbankingnews.com - May 12 at 11:44 PM
americanbankingnews.com logoCree, Inc. (CREE) Expected to Post Earnings of -$0.09 Per Share
www.americanbankingnews.com - May 11 at 4:22 PM
finance.yahoo.com logoWhy Cree (CREE) Could Be Positioned for a Slump
finance.yahoo.com - May 10 at 4:41 PM
fool.com logoHow Cree, Inc. Fell 18.1% in April - Motley Fool
www.fool.com - May 10 at 8:09 AM
finance.yahoo.com logoCree Brings New High Lumen Output to Outdoor Area and Flood OSQ Series, Expanding Application Range
finance.yahoo.com - May 9 at 4:29 PM
fool.com logoHow Cree, Inc. Fell 18.1% in April
www.fool.com - May 8 at 7:02 PM
bizjournals.com logoCree signs long-term lease at Pleasant Prairie facility
www.bizjournals.com - May 5 at 4:43 PM
americanbankingnews.com logoCree, Inc. (CREE) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - May 5 at 10:24 AM
msn.com logoWynn Resorts (WYNN) and Cree (CREE): Today's Bull & Bear
www.msn.com - May 4 at 4:37 PM
zacks.com logoBear of the Day: Cree Inc. (CREE)
www.zacks.com - May 4 at 6:58 AM
americanbankingnews.com logoCree (CREE) Given Daily News Sentiment Score of 0.07
www.americanbankingnews.com - May 3 at 5:22 PM
cnbc.com logoYum has a $130 million plan to turnaround Pizza Hut
www.cnbc.com - May 3 at 11:47 AM
finance.yahoo.com logoNew C-Lite LED Lighting by Cree Offers Easy Choice for Contractors and Distributors
finance.yahoo.com - May 2 at 8:05 PM
finance.yahoo.com logoWhat Happened to Cree?
finance.yahoo.com - May 2 at 8:05 PM
americanbankingnews.com logoCree, Inc. (CREE) Rating Lowered to Strong Sell at Zacks Investment Research
www.americanbankingnews.com - May 1 at 9:32 PM
finance.yahoo.com logoETFs with exposure to Cree, Inc. : May 1, 2017
finance.yahoo.com - May 1 at 4:26 PM
feeds.benzinga.com logoNioCorp and Northcott Capital Engage Firm to Serve as Independent Engineer for the Elk Creek Project Debt Financing Effort
feeds.benzinga.com - May 1 at 7:19 AM
americanbankingnews.com logoCree, Inc. (CREE) Given New $25.00 Price Target at Williams Capital
www.americanbankingnews.com - April 30 at 11:35 PM
americanbankingnews.com logoSomewhat Positive Press Coverage Very Likely to Impact Cree (CREE) Share Price
www.americanbankingnews.com - April 30 at 4:54 PM
americanbankingnews.com logoCree, Inc. (CREE) Stock Rating Reaffirmed by Deutsche Bank AG
www.americanbankingnews.com - April 29 at 9:20 PM
finance.yahoo.com logoCree, Inc. :CREE-US: Earnings Analysis: Q3, 2017 By the Numbers : April 28, 2017
finance.yahoo.com - April 28 at 5:28 PM
americanbankingnews.com logoCree, Inc. (CREE) Director John B. Replogle Acquires 10,000 Shares
www.americanbankingnews.com - April 28 at 3:22 PM
americanbankingnews.com logoCree (CREE) Receiving Somewhat Positive Media Coverage, Report Shows
www.americanbankingnews.com - April 27 at 6:22 PM
rttnews.com logoCree Inc. (CREE) Sank To Over A 5-Month Low After Q3 Miss
www.rttnews.com - April 27 at 5:00 PM
finance.yahoo.com logoToday's Post Earnings Research Reports on Seagate Technology and Cree - Yahoo Finance
finance.yahoo.com - April 27 at 5:00 PM
nasdaq.com logoEarnings Reaction History: Cree, Inc., 85.7% Follow-Through Indicator, 9.4% Sensitive - Nasdaq
www.nasdaq.com - April 27 at 5:00 PM
fool.com logoWhy Shares of Cree, Inc. Plunged 16% Today - Motley Fool
www.fool.com - April 27 at 5:00 PM
finance.yahoo.com logoToday's Post Earnings Research Reports on Seagate Technology and Cree
finance.yahoo.com - April 27 at 5:00 PM
finance.yahoo.com logoCree confirms layoffs in Durham, Racine
finance.yahoo.com - April 27 at 5:00 PM
finance.yahoo.com logoCree shares fall 5% after earnings, revenue miss
finance.yahoo.com - April 27 at 2:10 AM
finance.yahoo.com logoStock dips as Cree announces joint venture with Chinese firm during 3Q earnings
finance.yahoo.com - April 27 at 2:10 AM
finance.yahoo.com logoEdited Transcript of CREE earnings conference call or presentation 25-Apr-17 9:00pm GMT
finance.yahoo.com - April 27 at 2:10 AM

Social

Chart

Cree (CREE) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff