NASDAQ:CREE

Cree Stock Forecast, Price & News

$111.02
-3.90 (-3.39 %)
(As of 04/9/2021 12:00 AM ET)
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Today's Range
$108.28
Now: $111.02
$112.98
50-Day Range
$94.12
MA: $110.73
$125.86
52-Week Range
$34.17
Now: $111.02
$129.90
Volume1.29 million shs
Average Volume1.87 million shs
Market Capitalization$12.32 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.43
Cree, Inc. provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally. It operates in two segments, Wolfspeed and LED 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 company was founded in 1987 and is headquartered in Durham, North Carolina.
Cree logo

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:CREE
CUSIP22544710
Phone919-407-5300
Employees5,130
Year Founded1987

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$903.90 million
Cash Flow$0.52 per share
Book Value$19.32 per share

Profitability

Net Income$-191,700,000.00

Miscellaneous

Market Cap$12.32 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

Headlines

Cree (NASDAQ:CREE) Shares Down 4.3%
April 9, 2021 |  americanbankingnews.com
Cree (NASDAQ:CREE) PT Raised to $110.00
April 9, 2021 |  americanbankingnews.com
Cree (NASDAQ:CREE) PT Raised to $115.00
April 8, 2021 |  americanbankingnews.com
Is CREE Stock A Buy or Sell? - Yahoo Finance
April 7, 2021 |  finance.yahoo.com
Is CREE Stock A Buy or Sell?
April 7, 2021 |  finance.yahoo.com
Earnings Scheduled For April 5, 2021
April 5, 2021 |  benzinga.com
Cree, Inc. (NASDAQ:CREE): Is Breakeven Near?
March 26, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.06 out of 5 stars

Computer And Technology Sector

637th out of 1,549 stocks

Semiconductors & Related Devices Industry

95th out of 147 stocks

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -
$111.02
-3.90 (-3.39 %)
(As of 04/9/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cree (NASDAQ:CREE) Frequently Asked Questions

Is Cree a buy right now?

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.
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 "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.
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, May 5th 2021.
View our earnings forecast for Cree
.

How were Cree's earnings last quarter?

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
.

How has Cree's stock price been impacted by COVID-19?

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.
View which stocks have been most impacted by COVID-19
.

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

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.

What price target have analysts set for CREE?

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%.
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:
  • Mr. Gregg A. Lowe, Pres, CEO & Director (Age 58, Pay $883.88k) (LinkedIn Profile)
  • Mr. Neill P. Reynolds, Exec. VP & CFO (Age 46, Pay $979.58k)
  • Dr. John W. Palmour, Founder & CTO - Wolfspeed (Age 60)
  • Mr. Tyler D. Gronbach, VP of Investor Relations (Age 52)
  • Mr. Bradley D. Kohn, Sr. VP & Gen. Counsel (Age 52)
  • Mr. Greg Merritt, VP of Marketing & Public Affairs
  • Mr. David Elien, Sr. VP of Lighting
  • Mr. Thomas Wessel, Sr. VP of Global Sales and Marketing (Age 54)
  • Mr. Claude Z. Demby, Sr. VP & Pres of LED (Age 57)
  • Rick McFarland, Sr. VP of Global Operations

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

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.

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), 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).

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 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
.

Which major investors are selling Cree stock?

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.
View insider buying and selling activity for Cree
or view top insider-selling stocks.

Which major investors are buying Cree stock?

CREE stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue.
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 $111.02.

How much money does Cree make?

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.

How many employees does Cree have?

Cree employs 5,130 workers across the globe.

When was Cree founded?

Cree was founded in 1987.

What is Cree's official website?

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

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 919-407-5300 or via email at [email protected]


This page was last updated on 4/10/2021 by MarketBeat.com Staff
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