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 Date1/29/2020 (Confirmed)
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) posted its quarterly earnings results on Wednesday, October, 30th. The LED producer reported ($0.03) EPS for the quarter, beating the Zacks' consensus estimate of ($0.05) by $0.02. The LED producer earned $242.80 million during the quarter, compared to analyst estimates of $239.48 million. Cree had a negative net margin of 34.02% and a negative return on equity of 0.20%. The firm's revenue was down 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. View Cree's Earnings History.
When is Cree's next earnings date?
How can I listen to Cree's earnings call?
Cree will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
What guidance has Cree issued on next quarter's earnings?
Cree issued an update on its second quarter earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of ($0.11)-($0.07) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.00. The company issued revenue guidance of $234-240 million, compared to the consensus revenue estimate of $244.17 million.
What price target have analysts set for CREE?
14 equities research analysts have issued 12 month target prices 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 twelve months. This suggests that the stock has a possible downside of 1.6%. 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?
News headlines about CREE stock have been trending somewhat positive on Thursday, InfoTrie reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news 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 news impact score of 0.8 on InfoTrie's scale. They also assigned media stories about the LED producer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company'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), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR) and Silicon Laboratories (SLAB).
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 investors include Janney Montgomery Scott LLC (0.04%), Louisiana State Employees Retirement System (0.02%), Polianta Ltd (0.02%), State of Alaska Department of Revenue (0.02%), Zurcher Kantonalbank Zurich Cantonalbank (0.02%) and Arden Trust Co (0.02%). 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 major investors are selling Cree stock?
CREE stock was sold by a variety of institutional investors in the last quarter, including American Research & Management Co., State of Alaska Department of Revenue and Global Retirement Partners LLC. View Insider Buying and Selling for Cree.
Which major investors are buying Cree stock?
CREE stock was acquired by a variety of institutional investors in the last quarter, including Sciencast Management LP, Zurcher Kantonalbank Zurich Cantonalbank , Polianta Ltd, Campbell & CO Investment Adviser LLC, Janney Montgomery Scott LLC, Advisors Preferred LLC, Allred Capital Management LLC and Louisiana State Employees Retirement System. 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 $53.92.
How big of a company is Cree?
Cree has a market capitalization of $5.81 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.
