Cree Company Profile (NASDAQ:CREE)

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

Cree, Inc. (NASDAQ:CREE) released its quarterly earnings results on Tuesday, April, 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.20. The firm had revenue of $341.51 million for the quarter, compared to the consensus estimate of $339.41 million. Cree had a positive return on equity of 0.33% and a negative net margin of 7.36%. The firm's revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. View Cree's Earnings History.

Cree is scheduled to release their next quarterly earnings announcement on Tuesday, August, 22nd 2017. View Earnings Estimates for Cree.

Cree updated 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.

12 analysts have issued 1-year target prices for Cree's stock. Their forecasts range from $17.00 to $29.00. On average, they anticipate Cree's share price to reach $24.71 in the next twelve months. View Analyst Ratings for Cree.

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)

Some companies that are related to Cree include Cavium (CAVM), Cypress Semiconductor Corporation (CY), Monolithic Power Systems (MPWR), Integrated Device Technology (IDTI), Sanmina Corporation (SANM), Silicon Laboratories (SLAB), Advanced Energy Industries (AEIS), Vishay Intertechnology (VSH), Semtech Corporation (SMTC), Mellanox Technologies (MLNX), Rogers Corporation (ROG), Power Integrations (POWI), MaxLinear (MXL), Cabot Microelectronics Corporation (CCMP), Plexus Corp. (PLXS), Silicon Motion Technology Corporation (SIMO), Benchmark Electronics (BHE) and Ambarella (AMBA).

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

Cree's stock is owned by many different of institutional and retail investors. Top institutional investors include Clearbridge Investments LLC (13.70%), FMR LLC (9.15%), Primecap Management Co. CA (9.01%), BlackRock Inc. (8.30%), Vanguard Group Inc. (8.21%) and Dimensional Fund Advisors LP (7.07%). 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.

Cree's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Clearbridge Investments LLC, Primecap Management Co. CA, State of Wisconsin Investment Board, Lapides Asset Management LLC, Investment Management of Virginia LLC, California Public Employees Retirement System and Frontier Capital Management Co. LLC. View Insider Buying and Selling for Cree.

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 and Michael E Mcdevitt. View Insider Buying and Selling for Cree.

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.

One share of Cree stock can currently be purchased for approximately $25.35.