NASDAQ:CREE - Cree Stock Price, News & Analysis

$47.78
-1.23 (-2.51 %)
(As of 08/22/2019 04:00 PM ET)
Today's Range
$47.43
Now: $47.78
$50.44
50-Day Range
$49.61
MA: $59.49
$63.10
52-Week Range
$33.72
Now: $47.78
$69.21
Volume174,850 shs
Average Volume991,515 shs
Market Capitalization$5.03 billion
P/E Ratio132.78
Dividend YieldN/A
Beta0.78
Cree, Inc provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:CREE
CUSIP22544710
Phone919-407-5300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.49 billion
Cash Flow$3.1896 per share
Book Value$20.62 per share

Profitability

Net Income$-279,960,000.00

Miscellaneous

Employees6,796
Market Cap$5.03 billion
Next Earnings Date10/15/2019 (Estimated)
OptionableOptionable

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Cree (NASDAQ:CREE) Frequently Asked Questions

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, August, 20th. The LED producer reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by $0.09. The LED producer had revenue of $251 million for the quarter, compared to analyst estimates of $248.95 million. Cree had a negative net margin of 18.25% and a positive return on equity of 1.59%. The company's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. View Cree's Earnings History.

When is Cree's next earnings date?

Cree is scheduled to release their next quarterly earnings announcement on Tuesday, October 15th 2019. View Earnings Estimates for Cree.

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

Cree updated its first quarter earnings guidance on Tuesday, August, 20th. The company provided earnings per share (EPS) guidance of ($0.07)-(0.03) for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $237-243 million, compared to the consensus revenue estimate of $259.24 million.

What price target have analysts set for CREE?

12 brokers have issued twelve-month price targets for Cree's shares. Their predictions range from $40.00 to $81.00. On average, they anticipate Cree's stock price to reach $58.5740 in the next twelve months. This suggests a possible upside of 22.5% from the stock's current price. View Analyst Price Targets for Cree.

What is the consensus analysts' recommendation for Cree?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 1 sell rating, 8 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cree.

Has Cree been receiving favorable news coverage?

News coverage about CREE stock has been trending positive this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cree earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned media stories about the LED producer a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the immediate future. View News Stories for Cree.

Who are some of Cree's key competitors?

What other stocks do shareholders of Cree own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cree investors own include NVIDIA (NVDA), Intel (INTC), Bank of America (BAC), Alibaba Group (BABA), Micron Technology (MU), QUALCOMM (QCOM), General Electric (GE), Netflix (NFLX), salesforce.com (CRM) and Tesla (TSLA).

Who are Cree's key executives?

Cree's management team includes the folowing people:
  • Mr. Gregg A. Lowe, Pres, CEO & Director (Age 56)
  • Dr. John W. Palmour, Founder & CTO - Wolfspeed (Age 58)
  • Mr. Neill P. Reynolds, Chief Financial Officer (Age 44)
  • Mr. Raiford Garrabrant, Director of Investor Relations
  • Mr. Greg Merritt, VP of Marketing & Public Affairs

Who are Cree's major shareholders?

Cree's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.94%), Vanguard Group Inc. (9.15%), Primecap Management Co. CA (7.93%), Iridian Asset Management LLC CT (2.44%), Nuveen Asset Management LLC (2.28%) and Invesco Ltd. (1.73%). Company insiders that own Cree stock include David Todd Emerson, Duy Loan T Le and Michael E Mcdevitt. View Institutional Ownership Trends for Cree.

Which major investors are selling Cree stock?

CREE stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Robecosam AG, Iridian Asset Management LLC CT, Wells Fargo & Company MN, Allianz Asset Management GmbH, Charles Schwab Investment Management Inc. and Pendal Group Ltd. View Insider Buying and Selling for Cree.

Which major investors are buying Cree stock?

CREE stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Invesco Ltd., Whale Rock Capital Management LLC, Victory Capital Management Inc., Renaissance Technologies LLC, UBS Asset Management Americas Inc., Paloma Partners Management Co and Pictet Asset Management Ltd.. View Insider Buying and Selling for Cree.

How do I buy shares of 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.

What is Cree's stock price today?

One share of CREE stock can currently be purchased for approximately $47.80.

How big of a company is Cree?

Cree has a market capitalization of $5.03 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 $0.36 on an earnings per share basis. Cree employs 6,796 workers across the globe.View Additional Information About Cree.

What is Cree's official website?

The official website for Cree is http://www.cree.com/.

How can I contact Cree?

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]


MarketBeat Community Rating for Cree (NASDAQ CREE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  876 (Vote Outperform)
Underperform Votes:  914 (Vote Underperform)
Total Votes:  1,790
MarketBeat's community ratings are surveys of what our community members think about Cree and other stocks. Vote "Outperform" if you believe CREE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CREE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/22/2019 by MarketBeat.com Staff

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