NASDAQ:CREE - Cree Stock Price, Price Target & More

Cree trades on the NASDAQ under the ticker symbol "CREE."

Cree, Inc. (NASDAQ:CREE) announced its quarterly earnings data on Tuesday, April, 24th. The LED producer reported $0.04 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.01 by $0.03. The LED producer earned $355.96 million during the quarter, compared to analyst estimates of $347.38 million. Cree had a negative net margin of 17.50% and a negative return on equity of 1.10%. Cree's revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.01 EPS. View Cree's Earnings History.

Cree is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for Cree.

Cree updated its fourth quarter earnings guidance on Tuesday, April, 24th. The company provided earnings per share guidance of $0.05-0.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07. The company issued revenue guidance of $390-410 million, compared to the consensus revenue estimate of $377.47 million.

18 equities research analysts have issued 1 year target prices for Cree's stock. Their predictions range from $16.50 to $53.00. On average, they anticipate Cree's stock price to reach $36.8173 in the next year. View Analyst Ratings for Cree.

Some companies that are related to Cree include Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), Marvell Technology Group (MRVL), ON Semiconductor (ON), Qorvo (QRVO), ASE INDL HLDG C/S (ASX), Microsemi (MSCC), UMC (UMC), Semiconductor Manufacturing Int'l (SMI), Cypress Semiconductor (CY), SUMCO Corp/ADR (SUOPY) and Monolithic Power Systems (MPWR).

Media coverage about CREE stock has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cree earned a media sentiment score of 0.10 on Accern's scale. They also assigned media stories about the LED producer an impact score of 44.92 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Cree's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.04%), Dimensional Fund Advisors LP (8.12%), Iridian Asset Management LLC CT (3.05%), OppenheimerFunds Inc. (2.56%), Criterion Capital Management LLC (1.75%) and Northern Trust Corp (1.42%). Company insiders that own Cree stock include Charles M Swoboda, Darren R Jackson, John B Replogle and Michael E Mcdevitt. View Institutional Ownership Trends for Cree.

CREE stock was sold by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Victory Capital Management Inc., Dimensional Fund Advisors LP, A.R.T. Advisors LLC, Artisan Partners Limited Partnership, Wells Fargo & Company MN, WINTON GROUP Ltd and Legal & General Group Plc. View Insider Buying and Selling for Cree.

CREE stock was bought by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, Robecosam AG, Allianz Asset Management GmbH, Allianz Asset Management GmbH, OppenheimerFunds Inc., Banbury Partners LLC, Criterion Capital Management LLC and Columbus Circle Investors. Company insiders that have bought Cree stock in the last two years include Charles M Swoboda, Darren R Jackson, John B Replogle and Michael E Mcdevitt. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of CREE stock can currently be purchased for approximately $48.58.

Cree has a market capitalization of $4.94 billion and generates $1.47 billion in revenue each year. The LED producer earns $-98,110,000.00 in net income (profit) each year or $0.19 on an earnings per share basis. Cree employs 6,039 workers across the globe.

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]