NASDAQ:CREE - Cree Stock Price, News, & Analysis

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$67.61 -0.66 (-0.97 %)
(As of 04/25/2019 04:00 PM ET)
Previous Close$68.27
Today's Range$66.97 - $68.37
52-Week Range$33.72 - $69.21
Volume1.15 million shs
Average Volume1.31 million shs
Market Capitalization$6.98 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.64
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$1.49 billion
Cash Flow$3.8393 per share
Book Value$20.62 per share

Profitability

Net Income$-279,960,000.00

Miscellaneous

Employees6,796
Market Cap$6.98 billion
Next Earnings Date5/1/2019 (Confirmed)
OptionableOptionable

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) posted its quarterly earnings data on Wednesday, January, 30th. The LED producer reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.06. The LED producer had revenue of $413.04 million for the quarter, compared to analyst estimates of $408.75 million. Cree had a positive return on equity of 0.90% and a negative net margin of 18.11%. The business's revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) 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 1st 2019. View Earnings Estimates for Cree.

How can I listen to Cree's earnings call?

Cree will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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

Cree issued an update on its third quarter earnings guidance on Wednesday, January, 30th. The company provided earnings per share guidance of $0.13-0.19 for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $385-405 million, compared to the consensus revenue estimate of $406.21 million.Cree also updated its Q3 2019 guidance to $0.13-0.19 EPS.

What price target have analysts set for CREE?

13 brokerages have issued 12 month target prices for Cree's stock. Their predictions range from $38.00 to $81.00. On average, they expect Cree's stock price to reach $54.2467 in the next twelve months. This suggests that the stock has a possible downside of 19.8%. View Analyst Price Targets for Cree.

What is the consensus analysts' recommendation for Cree?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 1 sell rating, 5 hold ratings and 7 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 headlines about CREE stock have been trending somewhat positive on Thursday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by reviewing 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 sentiment score of 1.5 on InfoTrie's scale. They also assigned headlines about the LED producer a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days.

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), General Electric (GE), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), QUALCOMM (QCOM) and Starbucks (SBUX).

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 Columbus Circle Investors (0.68%), Ardevora Asset Management LLP (0.66%), Hodges Capital Management Inc. (0.24%), Retirement Systems of Alabama (0.13%), Dorsey Wright & Associates (0.03%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Cree stock include David Todd Emerson, John B Replogle 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 Ardevora Asset Management LLP, Alpha Windward LLC, Eqis Capital Management Inc., American Research & Management Co., Fruth Investment Management, Radnor Capital Management LLC, Columbus Circle Investors and Capital Investment Advisory Services LLC. Company insiders that have sold Cree company stock in the last year include David Todd Emerson and Michael E Mcdevitt. 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 Hodges Capital Management Inc., Dorsey Wright & Associates, Los Angeles Capital Management & Equity Research Inc., Bfsg LLC, Virginia Retirement Systems ET AL, Berkshire Asset Management LLC PA, DAVENPORT & Co LLC and BNP Paribas Arbitrage SA. 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 $67.61.

How big of a company is Cree?

Cree has a market capitalization of $6.98 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 ($0.15) on an earnings per share basis. Cree employs 6,796 workers across the globe.

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:  2.5 out of 5 (star star half star)
Outperform Votes:  858 (Vote Outperform)
Underperform Votes:  888 (Vote Underperform)
Total Votes:  1,746
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 4/25/2019 by MarketBeat.com Staff

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