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.
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Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Phone919-407-5300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.08 billion
Profitability
Miscellaneous
Employees5,319
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable
Cree (NASDAQ:CREE) Frequently Asked Questions
What is Cree's stock symbol?
Cree trades on the NASDAQ under the ticker symbol "CREE."
How were Cree's earnings last quarter?
Cree, Inc. (NASDAQ:CREE) released its quarterly earnings data on Wednesday, January, 29th. The LED producer reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.22) by $0.12. The LED producer earned $239.90 million during the quarter, compared to analysts' expectations of $236.33 million. Cree had a negative return on equity of 2.00% and a negative net margin of 44.86%. The business's quarterly revenue was down 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. View Cree's Earnings History.
When is Cree's next earnings date?
What guidance has Cree issued on next quarter's earnings?
Cree issued an update on its third quarter earnings guidance on Wednesday, January, 29th. The company provided EPS guidance of ($0.15)-($0.09) for the period, compared to the Thomson Reuters consensus estimate of ($0.08). The company issued revenue guidance of $221-229 million, compared to the consensus revenue estimate of $237.80 million.
What price target have analysts set for CREE?
14 brokerages have issued 1 year price objectives for Cree's shares. Their forecasts range from $38.00 to $81.00. On average, they expect Cree's share price to reach $53.07 in the next year. This suggests a possible upside of 12.7% from the stock's current price. View Analyst Price Targets for Cree.
What is the consensus analysts' recommendation for Cree?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 3 sell ratings, 8 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cree.
Has Cree been receiving favorable news coverage?
Media stories about CREE stock have been trending somewhat negative on Wednesday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cree earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned media coverage about the LED producer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Cree.
Who are some of Cree's key competitors?
Some companies that are related to Cree include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR) and Cirrus Logic (CRUS).
What other stocks do shareholders of Cree own?
Who are Cree's key executives?
Cree's management team includes the folowing 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
Who are Cree's major shareholders?
Cree's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (10.10%), Artisan Partners Limited Partnership (4.13%), Pendal Group Ltd (1.97%), Iridian Asset Management LLC CT (1.94%), Janus Henderson Group PLC (1.58%) and Alliancebernstein L.P. (1.21%). Company insiders that own Cree stock include David Todd Emerson, Duy Loan T Le and Michael E Mcdevitt. 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 Goldman Sachs Group Inc., Artisan Partners Limited Partnership, Iridian Asset Management LLC CT, First Trust Advisors LP, Banbury Partners LLC, Hodges Capital Management Inc., Alliancebernstein L.P. and Duality Advisers LP. View Insider Buying and Selling for Cree.
Which institutional investors are buying Cree stock?
CREE stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, AXA, FIL Ltd, UBS Asset Management Americas Inc., Pendal Group Ltd, Triodos Investment Management BV, Capital Research Global Investors and Raymond James & Associates. View Insider Buying and Selling 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 $47.07.
How big of a company is Cree?
Cree has a market capitalization of $5.09 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.View Additional Information About Cree.
What is Cree's official website?
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]
MarketBeat Community Rating for Cree (NASDAQ CREE)
MarketBeat's community ratings are surveys of what our community members think about Cree and other stocks. Vote "Outperform" if you believe CREE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CREE will underperform the S&P 500 over the long term. You may vote once every thirty days.
