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

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

Cree, Inc. (NASDAQ:CREE) announced its earnings results on Tuesday, April, 24th. The LED producer reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. The LED producer earned $355.96 million during 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%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 EPS. 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 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 EPS estimate of $0.07. The company issued revenue guidance of $390-410 million, compared to the consensus revenue estimate of $377.47 million.

18 equities research analysts have issued twelve-month target prices for Cree's stock. Their predictions range from $16.50 to $53.00. On average, they expect Cree's stock price to reach $37.4840 in the next year. This suggests that the stock has a possible downside of 19.1%. View Analyst Ratings for Cree.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 3 sell ratings, 11 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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), Qorvo (QRVO), ON Semiconductor (ON), ASE INDL HLDG C/S (ASX), Microsemi (MSCC), United Microelectronics (UMC), Cavium (CAVM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR) and SUMCO Corp/ADR (SUOPY).

Headlines about CREE stock have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cree earned a daily sentiment score of 0.07 on Accern's scale. They also assigned media stories about the LED producer an impact score of 46.77 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Cree's stock is owned by many different of retail and institutional investors. Top institutional investors include Retirement Systems of Alabama (0.13%), Fox Run Management L.L.C. (0.02%), Xact Kapitalforvaltning AB (0.02%), Alpha Windward LLC (0.01%), Radnor Capital Management LLC (0.01%) and Berkshire Asset Management LLC PA (0.00%). 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 Radnor Capital Management LLC, Alpha Windward LLC and Bank of Montreal Can. View Insider Buying and Selling for Cree.

CREE stock was acquired by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C., Berkshire Asset Management LLC PA, Retirement Systems of Alabama, Smithfield Trust Co. and Xact Kapitalforvaltning AB. 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 $46.32.

Cree has a market capitalization of $4.58 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]