Cree Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cree stock.
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Wall Street analysts have given Cree a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cree wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Cree is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
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Cree, Inc. (NASDAQ:CREE) released its quarterly earnings results on Tuesday, January, 26th. The LED producer reported ($0.24) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.25) by $0.01. The LED producer had revenue of $127 million for the quarter, compared to analyst estimates of $121.54 million. Cree had a negative net margin of 38.54% and a negative trailing twelve-month return on equity of 5.94%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) earnings per share.
View Cree's earnings history.

Cree's stock was trading at $35.34 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CREE stock has increased by 214.1% and is now trading at $111.02.
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Cree updated its third quarter earnings guidance on Wednesday, January, 27th. The company provided earnings per share guidance of ($0.25)-($0.21) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.20). The company issued revenue guidance of $127-133 million, compared to the consensus revenue estimate of $128.92 million.

14 analysts have issued 1 year target prices for Cree's shares. Their forecasts range from $68.00 to $160.00. On average, they expect Cree's share price to reach $110.77 in the next year. This suggests that the stock has a possible downside of 0.2%.
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102 employees have rated Cree CEO Gregg Lowe on Glassdoor.com. 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.

Some companies that are related to Cree include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), First Solar (FSLR), Lattice Semiconductor (LSCC) and Silicon Laboratories (SLAB).
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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), salesforce.com (CRM), Bank of America (BAC) and Tesla (TSLA).

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

Cree's stock is owned by many different retail and institutional investors. Top institutional investors include Hodges Capital Management Inc. (0.04%), State of Alaska Department of Revenue (0.02%) and Pacer Advisors Inc. (0.01%). 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.

CREE stock was sold by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., and Pacer Advisors Inc.. Company insiders that have sold Cree company stock in the last year include Clyde Hosein, John B Replogle, and Thomas H Werner.
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CREE stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue.
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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.
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One share of CREE stock can currently be purchased for approximately $111.02.

Cree has a market capitalization of $12.32 billion and generates $903.90 million in revenue each year. The LED producer earns $-191,700,000.00 in net income (profit) each year or ($0.87) on an earnings per share basis.

Cree employs 5,130 workers across the globe.

Cree was founded in 1987.

The official website for Cree is www.cree.com.

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

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]