Cree Stock Forecast, Price & News

+0.33 (+0.38 %)
(As of 09/23/2021 04:00 PM ET)
Today's Range
50-Day Range
52-Week Range
Volume1.27 million shs
Average Volume1.56 million shs
Market Capitalization$10.05 billion
P/E RatioN/A
Dividend YieldN/A
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About Cree

Cree, Inc. is an innovator of Wolfspeed power and radio frequency (RF) semiconductors. Its Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging inverters, power supplies, telecom and military and aerospace. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.


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Industry, Sector and Symbol

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Overall MarketRank

1.64 out of 5 stars

Computer And Technology Sector

601st out of 858 stocks

Semiconductors & Related Devices Industry

93rd out of 116 stocks

Analyst Opinion: 3.2Community Rank: 4.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -
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Cree (NASDAQ:CREE) Frequently Asked Questions

Is Cree a buy right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cree in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Cree stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CREE, but not buy additional shares or sell existing shares.
View analyst ratings for Cree
or view top-rated stocks.

What stocks does MarketBeat like better than Cree?

Wall Street analysts have given Cree a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cree wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Cree's next earnings date?

Cree is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Cree

How were Cree's earnings last quarter?

Cree, Inc. (NASDAQ:CREE) posted its quarterly earnings data on Monday, August, 16th. The LED producer reported ($0.23) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.24) by $0.01. The LED producer had revenue of $145.80 million for the quarter, compared to analysts' expectations of $144.81 million. Cree had a negative trailing twelve-month return on equity of 7.29% and a negative net margin of 83.60%. The business's revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.18) EPS.
View Cree's earnings history

How has Cree's stock been impacted by COVID-19 (Coronavirus)?

Cree's stock was trading at $35.34 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CREE shares have increased by 145.4% and is now trading at $86.73.
View which stocks have been most impacted by COVID-19

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

Cree updated its first quarter 2022 earnings guidance on Tuesday, September, 14th. The company provided earnings per share (EPS) guidance of $-0.250-$-0.210 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.230. The company issued revenue guidance of $144 million-$154 million, compared to the consensus revenue estimate of $153.36 million.

What price target have analysts set for CREE?

14 brokers have issued 1-year price targets for Cree's stock. Their forecasts range from $77.00 to $160.00. On average, they anticipate Cree's share price to reach $105.31 in the next twelve months. This suggests a possible upside of 21.4% from the stock's current price.
View analysts' price targets for Cree
or view top-rated stocks among Wall Street analysts.

Who are Cree's key executives?

Cree's management team includes the following people:
  • Gregg A. Lowe, President, Chief Executive Officer & Director
  • Rick McFarland, Senior Vice President-Global Operations
  • Neill P. Reynolds, Chief Financial Officer & Executive Vice President
  • John W. Palmour, Chief Technology Officer
  • David Costar, Chief Information Officer

What is Gregg Lowe's approval rating as Cree's CEO?

102 employees have rated Cree CEO Gregg Lowe on Gregg Lowe has an approval rating of 96% among Cree's employees. This puts Gregg Lowe in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), Micron Technology (MU), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Alibaba Group (BABA), Cisco Systems (CSCO), (CRM), Bank of America (BAC) and Tesla (TSLA).

What is Cree's stock symbol?

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

Who are Cree's major shareholders?

Cree's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.41%), Capital International Investors (8.79%), Clearbridge Investments LLC (6.14%), Alliancebernstein L.P. (2.22%), Primecap Management Co. CA (2.21%) and Artisan Partners Limited Partnership (1.66%). Company insiders that own Cree stock include Clyde Hosein, Duy Loan T Le, John B Replogle and Thomas H Werner.
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 AXA S.A., Clearbridge Investments LLC, Millennium Management LLC, UBS Asset Management Americas Inc., CloudAlpha Capital Management Limited Hong Kong, Van ECK Associates Corp, Handelsbanken Fonder AB, and Thrivent Financial for Lutherans. Company insiders that have sold Cree company stock in the last year include Clyde Hosein, John B Replogle, and Thomas H Werner.
View insider buying and selling activity for Cree
or view top insider-selling stocks.

Which institutional investors are buying Cree stock?

CREE stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Twin Tree Management LP, Capital International Investors, Nan Shan Life Insurance Co. Ltd., American Century Companies Inc., Nuveen Asset Management LLC, Tairen Capital Ltd, and Artisan Partners Limited Partnership.
View insider buying and selling activity for Cree
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cree's stock price today?

One share of CREE stock can currently be purchased for approximately $86.73.

How much money does Cree make?

Cree has a market capitalization of $10.05 billion and generates $525.60 million in revenue each year. The LED producer earns $-523,900,000.00 in net income (profit) each year or ($1.40) on an earnings per share basis.

How many employees does Cree have?

Cree employs 3,466 workers across the globe.

Does Cree have any subsidiaries?

The following companies are subsidiares of Cree: Arkansas Power Electronics International Inc, Cree Hong Kong Limited, Infineon Technologies - Radio Frequency (RF) Power Business, LED Lighting Fixtures, and Ruud Lighting Inc.

When was Cree founded?

Cree was founded in 1987.

What is Cree's official website?

The official website for Cree is

Where are Cree's headquarters?

Cree is headquartered at 4600 Silicon Drive, DURHAM NC, 27703.

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) 313-5300 or via email at [email protected].

This page was last updated on 9/24/2021 by Staff
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