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

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

Cree, Inc. (NASDAQ:CREE) posted its quarterly earnings data on Tuesday, April, 24th. The LED producer reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The LED producer had revenue of $355.96 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. View Cree's Earnings History.

Cree is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for Cree.

Cree updated 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 earnings per share estimate of $0.07. The company issued revenue guidance of $390-410 million, compared to the consensus revenue estimate of $377.47 million.

18 brokerages have issued 1 year price targets for Cree's shares. Their forecasts range from $16.50 to $53.00. On average, they expect Cree's share price to reach $36.8173 in the next year. View Analyst Ratings for Cree.

Some companies that are related to Cree include Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), Marvell Technology Group (MRVL), ON Semiconductor (ON), Qorvo (QRVO), ASE INDL HLDG C/S (ASX), Microsemi (MSCC), United Microelectronics (UMC), Semiconductor Manufacturing Int'l (SMI), Cypress Semiconductor (CY), SUMCO Corp/ADR (SUOPY) and Monolithic Power Systems (MPWR).

News coverage about CREE stock has been trending positive on Friday, according to Accern Sentiment. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cree earned a media sentiment score of 0.26 on Accern's scale. They also assigned media headlines about the LED producer an impact score of 46.39 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Cree's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.04%), Dimensional Fund Advisors LP (8.12%), Iridian Asset Management LLC CT (3.05%), OppenheimerFunds Inc. (2.56%), Criterion Capital Management LLC (1.75%) and Northern Trust Corp (1.42%). 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.

CREE stock was sold by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Victory Capital Management Inc., Dimensional Fund Advisors LP, A.R.T. Advisors LLC, Artisan Partners Limited Partnership, Wells Fargo & Company MN, WINTON GROUP Ltd and Legal & General Group Plc. View Insider Buying and Selling for Cree.

CREE stock was acquired by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, Robecosam AG, Allianz Asset Management GmbH, Allianz Asset Management GmbH, OppenheimerFunds Inc., Banbury Partners LLC, Criterion Capital Management LLC and Columbus Circle Investors. 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.

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.

One share of CREE stock can currently be purchased for approximately $48.01.

Cree has a market capitalization of $4.88 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.

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]