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

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$46.91 +0.59 (+1.27 %)
(As of 07/18/2018 04:00 PM ET)
Previous Close$46.32
Today's Range$46.15 - $46.96
52-Week Range$20.50 - $50.67
Volume582,500 shs
Average Volume1.38 million shs
Market Capitalization$4.56 billion
P/E Ratio246.89
Dividend YieldN/A
Beta0.7
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

Stock Exchange NASDAQ
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 Ratio246.89
Forward P/E Ratio-203.96
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.47 billion
Price / Sales3.20
Cash Flow$1.8564 per share
Price / Cash25.27
Book Value$22.85 per share
Price / Book2.05

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
Market Cap$4,559.10

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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) posted its quarterly earnings results on Tuesday, April, 24th. The LED producer reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. The LED producer had revenue of $355.96 million for the quarter, compared to analyst estimates of $347.38 million. Cree had a negative return on equity of 1.10% and a negative net margin of 17.50%. Cree's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $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 issued an update on 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 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?

19 brokers have issued 1-year price targets for Cree's stock. Their forecasts range from $16.50 to $53.00. On average, they expect Cree's stock price to reach $37.8913 in the next year. This suggests that the stock has a possible downside of 19.2%. View Analyst Ratings for Cree.

What is the consensus analysts' recommendation for Cree?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 3 sell ratings, 12 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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 on Wednesday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cree earned a media sentiment score of 0.03 on Accern's scale. They also gave press coverage about the LED producer an impact score of 46.61 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Who are Cree's major shareholders?

Cree's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Pendal Group Ltd (2.25%), Retirement Systems of Alabama (0.13%), Westpac Banking Corp (0.12%), Louisiana State Employees Retirement System (0.03%), Fox Run Management L.L.C. (0.02%) and Xact Kapitalforvaltning AB (0.02%). 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 major investors are selling Cree stock?

CREE stock was sold by a variety of institutional investors in the last quarter, including Radnor Capital Management LLC, Alpha Windward LLC and Bank of Montreal Can. View Insider Buying and Selling for Cree.

Which major investors are buying Cree stock?

CREE stock was bought by a variety of institutional investors in the last quarter, including Pendal Group Ltd, Westpac Banking Corp, Fox Run Management L.L.C., Berkshire Asset Management LLC PA, Retirement Systems of Alabama, Smithfield Trust Co., Xact Kapitalforvaltning AB and Louisiana State Employees Retirement System. 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 $46.91.

How big of a company is Cree?

Cree has a market capitalization of $4.56 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 (NASDAQ CREE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  749 (Vote Outperform)
Underperform Votes:  820 (Vote Underperform)
Total Votes:  1,569
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 7/18/2018 by MarketBeat.com Staff

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