NASDAQ:CREE - Cree Stock Price, Price Target & More

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$48.58 -1.16 (-2.33 %)
(As of 06/19/2018 04:00 PM ET)
Previous Close$49.74
Today's Range$47.42 - $49.25
52-Week Range$20.50 - $50.67
Volume1.59 million shs
Average Volume1.40 million shs
Market Capitalization$4.94 billion
P/E Ratio255.68
Dividend YieldN/A
Beta0.67
Cree logoCree, 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. Its Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications. This segment sells its products to distributors, retailers, and customers. The company's LED Products segment provides blue and green LED chip products for use in various applications, including 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. Its Wolfspeed segment provides silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. This segment also offers SiC-based power products consisting of SiC Schottky diodes, metal se oxide miconductor field-effect transistors, power modules, and gate driver boards for use in power supplies used in computer servers, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, this segment provides gallium nitride (GaN) die, high electron mobility transistors (HEMTs) and monolithic microwave integrated circuits (MMICs) for military, telecom, and other commercial applications; and custom die manufacturing services for GaN HEMTs and MMICs. Cree, Inc. 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
SymbolNASDAQ:CREE
CUSIP22544710
Phone919-407-5300

Debt

Debt-to-Equity Ratio0.15
Current Ratio3.74
Quick Ratio2.46

Price-To-Earnings

Trailing P/E Ratio255.68
Forward P/E Ratio-202.42
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.47 billion
Price / Sales3.31
Cash Flow$1.7730 per share
Price / Cash27.40
Book Value$22.85 per share
Price / Book2.13

Profitability

EPS (Most Recent Fiscal Year)$0.19
Net Income$-98,110,000.00
Net Margins-17.50%
Return on Equity-1.10%
Return on Assets-0.90%

Miscellaneous

Employees6,039
Outstanding Shares100,510,000

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 data on Tuesday, April, 24th. The LED producer reported $0.04 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.01 by $0.03. The LED producer earned $355.96 million during the quarter, compared to analyst estimates of $347.38 million. Cree had a negative net margin of 17.50% and a negative return on equity of 1.10%. Cree's revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.01 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, August, 14th 2018. View Earnings Estimates for Cree.

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

Cree updated its fourth quarter earnings guidance on Tuesday, April, 24th. The company provided earnings per share guidance of $0.05-0.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07. The company issued revenue guidance of $390-410 million, compared to the consensus revenue estimate of $377.47 million.

What price target have analysts set for CREE?

18 equities research analysts have issued 1 year target prices for Cree's stock. Their predictions range from $16.50 to $53.00. On average, they anticipate Cree's stock price to reach $36.8173 in the next year. View Analyst Ratings for Cree.

Who are some of Cree's key competitors?

Who are Cree's key executives?

Cree's management team includes the folowing people:
  • Mr. Michael E. McDevitt, Exec. VP & CFO (Age 54)
  • Mr. Gregg A. Lowe, Pres, CEO & Director (Age 55)
  • Dr. John W. Palmour, Founder & CTO - Wolfspeed (Age 57)
  • Mr. Raiford Garrabrant, Director of Investor Relations
  • Mr. Greg Merritt, VP of Marketing & Public Affairs

Has Cree been receiving favorable news coverage?

Media coverage about CREE stock has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cree earned a media sentiment score of 0.10 on Accern's scale. They also assigned media stories about the LED producer an impact score of 44.92 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Who are Cree's major shareholders?

Cree's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.04%), Dimensional Fund Advisors LP (8.12%), Iridian Asset Management LLC CT (3.05%), OppenheimerFunds Inc. (2.56%), Criterion Capital Management LLC (1.75%) and Northern Trust Corp (1.42%). Company insiders that own Cree stock include Charles M Swoboda, Darren R Jackson, John B Replogle 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 California Public Employees Retirement System, Victory Capital Management Inc., Dimensional Fund Advisors LP, A.R.T. Advisors LLC, Artisan Partners Limited Partnership, Wells Fargo & Company MN, WINTON GROUP Ltd and Legal & General Group Plc. View Insider Buying and Selling for Cree.

Which institutional investors are buying Cree stock?

CREE stock was bought by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, Robecosam AG, Allianz Asset Management GmbH, Allianz Asset Management GmbH, OppenheimerFunds Inc., Banbury Partners LLC, Criterion Capital Management LLC and Columbus Circle Investors. 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 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 $48.58.

How big of a company is Cree?

Cree has a market capitalization of $4.94 billion and generates $1.47 billion in revenue each year. The LED producer earns $-98,110,000.00 in net income (profit) each year or $0.19 on an earnings per share basis. Cree employs 6,039 workers across the globe.

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 (CREE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  732 (Vote Outperform)
Underperform Votes:  809 (Vote Underperform)
Total Votes:  1,541
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 6/19/2018 by MarketBeat.com Staff

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