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NASDAQ:CREECree Stock Price, Forecast & News

$55.24
+3.51 (+6.79 %)
(As of 05/26/2020 03:24 PM ET)
Add
Compare
Today's Range
$54.07
Now: $55.24
$55.28
50-Day Range
$33.64
MA: $41.45
$53.69
52-Week Range
$27.77
Now: $55.24
$64.95
Volume1.18 million shs
Average Volume1.66 million shs
Market Capitalization$5.97 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.08
Cree, 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. It operates in three segments: Wolfspeed, LED Products, and Lighting Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. It also provides SiC power device products, including SiC Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for electric vehicles, including charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, this segment offers gallium nitride (GaN) die, high-electron mobility transistors (HEMTs), monolithic microwave integrated circuits (MMICs), and laterally diffused MOSFET (LDMOS) power transistors for telecommunications infrastructure, military, and other commercial applications; and custom die manufacturing services for GaN HEMTs and MMICs. The LED Products segment provides blue and green LED chip products for 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. The Lighting Products segment offers LED lighting systems and lamps for to distributors, retailers, and customers for offices, retail spaces, restaurants, hospitality, schools, universities, manufacturing, healthcare, airports, municipal, residential, street lighting, parking structures, and other applications. The company was founded in 1987 and is headquartered in Durham, North Carolina.
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Cree logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.23 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:CREE
CUSIP22544710
Phone919-407-5300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.08 billion
Cash Flow$4.06 per share
Book Value$19.39 per share

Profitability

Net Income$-375,100,000.00

Miscellaneous

Employees5,319
Market Cap$5.97 billion
Next Earnings Date8/18/2020 (Estimated)
OptionableOptionable

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Cree (NASDAQ:CREE) Frequently Asked Questions

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 reached pandemic status according to the World Health Organization (WHO). Since then, CREE stock has increased by 55.6% and is now trading at $54.99. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cree?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cree.

When is Cree's next earnings date?

Cree is scheduled to release its next quarterly earnings announcement on Tuesday, August 18th 2020. View our earnings forecast for Cree.

How were Cree's earnings last quarter?

Cree, Inc. (NASDAQ:CREE) announced its quarterly earnings results on Wednesday, April, 29th. The LED producer reported ($0.14) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.15) by $0.01. The LED producer had revenue of $215.50 million for the quarter, compared to analysts' expectations of $216.05 million. Cree had a negative net margin of 30.11% and a negative return on equity of 3.75%. The business's revenue was down 21.4% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. View Cree's earnings history.

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

Cree issued an update on its fourth quarter earnings guidance on Wednesday, April, 29th. The company provided earnings per share (EPS) guidance of $(0.23)-(0.15) for the period, compared to the Thomson Reuters consensus estimate of ($0.16). The company issued revenue guidance of $185-215 million, compared to the consensus revenue estimate of $203.90 million.

What price target have analysts set for CREE?

12 equities research analysts have issued 12-month price targets for Cree's shares. Their forecasts range from $37.00 to $74.00. On average, they expect Cree's stock price to reach $49.36 in the next year. This suggests that the stock has a possible downside of 10.2%. View analysts' price targets for Cree.

Has Cree been receiving favorable news coverage?

Media coverage about CREE stock has been trending neutral recently, according to InfoTrie. The research group scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cree earned a news sentiment score of 0.5 on InfoTrie's scale. They also gave news stories about the LED producer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutCree.

Who are some of Cree's key competitors?

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

Who are Cree's key executives?

Cree's management team includes the following people:
  • Mr. Gregg A. Lowe, Pres, CEO & Director (Age 56)
  • Dr. John W. Palmour, Founder & CTO - Wolfspeed (Age 58)
  • Mr. Neill P. Reynolds, Chief Financial Officer (Age 44)
  • Mr. Raiford Garrabrant, Director of Investor Relations
  • Mr. Greg Merritt, VP of Marketing & Public Affairs

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 retail and institutional investors. Top institutional investors include Capital Research Global Investors (12.24%), Clearbridge Investments LLC (8.31%), Primecap Management Co. CA (6.73%), Alliancebernstein L.P. (2.61%), Frontier Capital Management Co. LLC (1.95%) and Pendal Group Ltd (1.84%). Company insiders that own Cree stock include David Todd Emerson and Duy Loan T Le. 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 New York State Common Retirement Fund, Wells Fargo & Company MN, Primecap Management Co. CA, Two Sigma Advisers LP, Iridian Asset Management LLC CT, Raymond James & Associates, Nan Shan Life Insurance Co. Ltd., and Principal Financial Group Inc.. View insider buying and selling activity for Cree.

Which institutional investors are buying Cree stock?

CREE stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Alliancebernstein L.P., Frontier Capital Management Co. LLC, Handelsbanken Fonder AB, Clearbridge Investments LLC, Hodges Capital Management Inc., Alps Advisors Inc., and Pictet Asset Management Ltd.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Cree's stock price today?

One share of CREE stock can currently be purchased for approximately $54.99.

How big of a company is Cree?

Cree has a market capitalization of $5.95 billion and generates $1.08 billion in revenue each year. The LED producer earns $-375,100,000.00 in net income (profit) each year or $0.36 on an earnings per share basis. Cree employs 5,319 workers across the globe.

What is Cree's official website?

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

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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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