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NASDAQ:CREE - Cree Stock Price, Forecast & News

$43.41
-1.43 (-3.19 %)
(As of 02/27/2020 04:00 PM ET)
Today's Range
$43.09
Now: $43.41
$45.87
50-Day Range
$44.25
MA: $49.18
$53.92
52-Week Range
$40.46
Now: $43.41
$69.21
Volume1.69 million shs
Average Volume1.45 million shs
Market Capitalization$4.69 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.93
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$1.08 billion
Cash Flow$3.73 per share
Book Value$18.47 per share

Profitability

Net Income$-375,100,000.00

Miscellaneous

Employees5,319
Market Cap$4.69 billion
Next Earnings Date5/6/2020 (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) issued its quarterly earnings data on Wednesday, January, 29th. The LED producer reported ($0.10) EPS for the quarter, topping the Zacks' consensus estimate of ($0.22) by $0.12. The LED producer had revenue of $239.90 million for the quarter, compared to analysts' expectations of $236.33 million. Cree had a negative return on equity of 2.00% and a negative net margin of 44.86%. The firm's quarterly revenue was down 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. View Cree's Earnings History.

When is Cree's next earnings date?

Cree is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Cree.

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

Cree issued an update on its third quarter earnings guidance on Wednesday, January, 29th. The company provided earnings per share (EPS) 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 analysts have issued 1 year price objectives for Cree's stock. Their forecasts range from $38.00 to $81.00. On average, they anticipate Cree's share price to reach $53.82 in the next year. This suggests a possible upside of 24.0% from the stock's current price. View Analyst Price Targets for Cree.

What is the consensus analysts' recommendation for 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.

Has Cree been receiving favorable news coverage?

News coverage about CREE stock has trended extremely negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative press 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 daily sentiment score of -4.2 on InfoTrie's scale. They also gave press coverage about the LED producer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. 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), Alibaba Group (BABA), Intel (INTC), Bank of America (BAC), Micron Technology (MU), Cisco Systems (CSCO), QUALCOMM (QCOM), Netflix (NFLX), Tesla (TSLA) and salesforce.com (CRM).

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 number of of retail and institutional investors. Top institutional investors include Capital Research Global Investors (10.10%), Artisan Partners Limited Partnership (4.13%), Pendal Group Ltd (1.97%), Iridian Asset Management LLC CT (1.94%), Janus Henderson Group PLC (1.58%) and Alliancebernstein L.P. (1.21%). 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., Artisan Partners Limited Partnership, Iridian Asset Management LLC CT, First Trust Advisors LP, Banbury Partners LLC, Hodges Capital Management Inc., Alliancebernstein L.P. and Duality Advisers LP. View Insider Buying and Selling for Cree.

Which institutional investors are buying Cree stock?

CREE stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, AXA, FIL Ltd, UBS Asset Management Americas Inc., Pendal Group Ltd, Triodos Investment Management BV, Capital Research Global Investors and Raymond James & Associates. 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, Robinhood, Fidelity and Charles Schwab.

What is Cree's stock price today?

One share of CREE stock can currently be purchased for approximately $43.41.

How big of a company is Cree?

Cree has a market capitalization of $4.69 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:  920 (Vote Outperform)
Underperform Votes:  975 (Vote Underperform)
Total Votes:  1,895
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 2/27/2020 by MarketBeat.com Staff

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