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NASDAQ:CREE - Cree Stock Price, Forecast & News

$48.41
-1.02 (-2.06 %)
(As of 02/16/2020 04:00 PM ET)
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Today's Range
$47.88
Now: $48.41
$49.84
50-Day Range
$45.58
MA: $48.95
$53.92
52-Week Range
$40.46
Now: $48.41
$69.21
Volume842,660 shs
Average VolumeN/A
Market CapitalizationN/A
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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. Read More…

Industry, Sector and Symbol

Industry N/A
Sub-IndustrySemiconductors
SectorN/A
Current SymbolNASDAQ:CREE
CUSIP22544710
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees5,319
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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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) announced its quarterly earnings results on Wednesday, January, 29th. The LED producer reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.12. The LED producer earned $239.90 million during the quarter, compared to the consensus estimate of $236.33 million. The firm's revenue was down 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. View Cree's Earnings History.

When is Cree's next earnings date?

Cree is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Cree.

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

Cree updated its third quarter earnings guidance on Wednesday, January, 29th. The company provided earnings per share 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 analysts have issued 12-month target prices for Cree's shares. Their forecasts range from $38.00 to $81.00. On average, they anticipate Cree's share price to reach $53.07 in the next year. This suggests a possible upside of 9.6% 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 headlines about CREE stock have trended negative recently, according to InfoTrie. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cree earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news headlines about the LED producer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Cree.

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), Bank of America (BAC), Micron Technology (MU), Cisco Systems (CSCO), Netflix (NFLX), QUALCOMM (QCOM), Tesla (TSLA) and salesforce.com (CRM).

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 many different of institutional and retail investors. Top institutional investors include Artisan Partners Limited Partnership (4.13%), Pendal Group Ltd (1.97%), Iridian Asset Management LLC CT (1.94%), UBS Asset Management Americas Inc. (1.17%), Renaissance Technologies LLC (1.00%) and FIL Ltd (0.91%). 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., Duality Advisers LP and Sei Investments Co.. View Insider Buying and Selling for Cree.

Which institutional investors are buying Cree stock?

CREE stock was acquired by a variety of institutional investors in the last quarter, including FIL Ltd, UBS Asset Management Americas Inc., Pendal Group Ltd, Triodos Investment Management BV, Raymond James & Associates, Cubist Systematic Strategies LLC, UBS Group AG and D L Carlson Investment Group Inc.. 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 $48.41.


MarketBeat Community Rating for Cree (NASDAQ CREE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  918 (Vote Outperform)
Underperform Votes:  972 (Vote Underperform)
Total Votes:  1,890
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.
This page was last updated on 2/16/2020 by MarketBeat.com Staff

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