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NASDAQ:CREE - Cree Stock Price, Forecast & News

$36.68
-4.40 (-10.71 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$36.58
Now: $36.68
$39.71
50-Day Range
$29.15
MA: $42.59
$50.42
52-Week Range
$27.77
Now: $36.68
$69.21
Volume1.21 million shs
Average Volume1.92 million shs
Market Capitalization$3.96 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.85
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. It also provides SiC power device products, including SiC Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for electric vehicles, including charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, this segment offers gallium nitride (GaN) die, high-electron mobility transistors (HEMTs), monolithic microwave integrated circuits (MMICs), and laterally diffused MOSFET (LDMOS) power transistors for telecommunications infrastructure, military, and other commercial applications; and custom die manufacturing services for GaN HEMTs and MMICs. The LED Products segment provides blue and green LED chip products for video screens, gaming displays, function indicator lights and automotive backlights, headlamps, and directional indicators. It also offers XLamp LED components and LED modules for lighting applications; and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications. The Lighting Products segment offers LED lighting systems and lamps for to distributors, retailers, and customers for offices, retail spaces, restaurants, hospitality, schools, universities, manufacturing, healthcare, airports, municipal, residential, street lighting, parking structures, and other applications. The company was founded in 1987 and is headquartered in Durham, North Carolina.
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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$1.08 billion
Cash Flow$3.39 per share
Book Value$19.39 per share

Profitability

Net Income$-375,100,000.00

Miscellaneous

Employees5,319
Market Cap$3.96 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Cree (NASDAQ:CREE) Frequently Asked Questions

How has Cree's stock been impacted by COVID-19 (Coronavirus)?

Cree's stock was trading at $35.34 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CREE stock has increased by 3.8% and is now trading at $36.68. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cree?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 3 sell ratings, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cree.

When is Cree's next earnings date?

Cree is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Cree.

How were Cree's earnings last quarter?

Cree, Inc. (NASDAQ:CREE) issued its quarterly earnings results on Wednesday, January, 29th. The LED producer reported ($0.10) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.12. The LED producer had revenue of $239.90 million for the quarter, compared to the consensus estimate of $236.33 million. Cree had a negative net margin of 44.86% and a negative return on equity of 2.00%. The business's quarterly revenue was down 14.5% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. View Cree's earnings history.

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

Cree updated its third quarter earnings guidance on Wednesday, January, 29th. The company provided earnings per share guidance of ($0.15)-($0.09) for the period, compared to the Thomson Reuters consensus estimate of ($0.08). The company issued revenue guidance of $221-229 million, compared to the consensus revenue estimate of $237.80 million.

What price target have analysts set for CREE?

15 Wall Street analysts have issued 1 year target prices for Cree's stock. Their forecasts range from $30.00 to $81.00. On average, they anticipate Cree's share price to reach $52.15 in the next twelve months. This suggests a possible upside of 42.2% from the stock's current price. View analysts' price targets for Cree.

Has Cree been receiving favorable news coverage?

Media coverage about CREE stock has trended extremely negative on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cree earned a news impact score of -5.0 on InfoTrie's scale. They also gave media stories about the LED producer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutCree.

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), Alibaba Group (BABA), Intel (INTC), Micron Technology (MU), Bank of America (BAC), QUALCOMM (QCOM), Cisco Systems (CSCO), salesforce.com (CRM), Netflix (NFLX) and Tesla (TSLA).

Who are Cree's key executives?

Cree's management team includes the following 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

What is Cree's stock symbol?

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

Who are Cree's major shareholders?

Cree's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (10.10%), Artisan Partners Limited Partnership (4.13%), Norges Bank (2.22%), Pendal Group Ltd (1.97%), Iridian Asset Management LLC CT (1.94%) and Janus Henderson Group PLC (1.58%). 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 institutional investors are selling Cree stock?

CREE stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Macquarie Group Ltd., Macquarie Group Ltd., Artisan Partners Limited Partnership, Iridian Asset Management LLC CT, First Trust Advisors LP, Banbury Partners LLC, and Hodges Capital Management Inc.. View insider buying and selling activity for Cree.

Which institutional investors are buying Cree stock?

CREE stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Janus Henderson Group PLC, AXA, FIL Ltd, UBS Asset Management Americas Inc., Pendal Group Ltd, Triodos Investment Management BV, and Capital Research Global Investors. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Cree's stock price today?

One share of CREE stock can currently be purchased for approximately $36.68.

How big of a company is Cree?

Cree has a market capitalization of $3.96 billion and generates $1.08 billion in revenue each year. The LED producer earns $-375,100,000.00 in net income (profit) each year or $0.36 on an earnings per share basis. Cree employs 5,319 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:  923 (Vote Outperform)
Underperform Votes:  984 (Vote Underperform)
Total Votes:  1,907
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 3/28/2020 by MarketBeat.com Staff

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