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NASDAQ:CREE

Cree Stock Forecast, Price & News

$117.16
-6.37 (-5.16 %)
(As of 01/15/2021 12:00 AM ET)
Add
Compare
Today's Range
$115.10
Now: $117.16
$123.21
50-Day Range
$88.82
MA: $100.68
$120.54
52-Week Range
$27.77
Now: $117.16
$126.56
Volume1.96 million shs
Average Volume2.09 million shs
Market Capitalization$12.93 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

MarketRank

Overall MarketRank

1.01 out of 5 stars

Computer And Technology Sector

593rd out of 1,211 stocks

Semiconductors & Related Devices Industry

86th out of 130 stocks

Analyst Opinion: 2.0Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$903.90 million
Cash Flow$0.57 per share
Book Value$19.32 per share

Profitability

Net Income$-191,700,000.00

Miscellaneous

Market Cap$12.93 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$117.16
-6.37 (-5.16 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cree (NASDAQ:CREE) Frequently Asked Questions

How has Cree's stock been impacted by Coronavirus (COVID-19)?

Cree's stock was trading at $35.34 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CREE shares have increased by 231.5% and is now trading at $117.16.
View which stocks have been most impacted by COVID-19
.

Is Cree a buy right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 10 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Cree stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CREE, but not buy additional shares or sell existing shares.
View analyst ratings for Cree
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Cree?

Wall Street analysts have given Cree a "Hold" 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, February 3rd 2021.
View our earnings forecast for Cree
.

How were Cree's earnings last quarter?

Cree, Inc. (NASDAQ:CREE) announced its quarterly earnings results on Wednesday, October, 28th. The LED producer reported ($0.19) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.21) by $0.02. The LED producer earned $216.60 million during the quarter, compared to analysts' expectations of $209.26 million. Cree had a negative return on equity of 5.94% and a negative net margin of 38.54%. During the same period in the prior year, the firm earned ($0.03) earnings per share.
View Cree's earnings history
.

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

Cree issued an update on its second quarter earnings guidance on Wednesday, October, 28th. The company provided earnings per share guidance of ($0.23)-($0.27) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.19). The company issued revenue guidance of $118-$124 million, compared to the consensus revenue estimate of $218.33 million.

What price target have analysts set for CREE?

11 equities research analysts have issued 1-year target prices for Cree's stock. Their forecasts range from $60.00 to $108.00. On average, they anticipate Cree's stock price to reach $76.10 in the next twelve months. This suggests that the stock has a possible downside of 35.0%.
View analysts' price targets for Cree
or view Wall Street analyst' top-rated stocks.

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).

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)
  • 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. 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 & GM of LED Products (Age 57)
  • Rick McFarland, Sr. VP of Global Operations
  • Mr. Bradley D. Kohn, Sec. (Age 52)

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 a number of retail and institutional investors. Top institutional shareholders include Louisiana State Employees Retirement System (0.03%), State of Alaska Department of Revenue (0.02%), Arden Trust Co (0.02%), Crossmark Global Holdings Inc. (0.01%), Radnor Capital Management LLC (0.01%) and Boston Trust Walden Corp (0.01%). Company insiders that own Cree stock include 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 State of Alaska Department of Revenue, Global Retirement Partners LLC, Arden Trust Co, and Radnor Capital Management LLC. Company insiders that have sold Cree company stock in the last year include 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 James Hambro & Partners, Tatro Capital LLC, Raymond James Trust N.A., Crossmark Global Holdings Inc., Boston Trust Walden Corp, and Louisiana State Employees Retirement System.
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.

What is Cree's stock price today?

One share of CREE stock can currently be purchased for approximately $117.16.

How big of a company is Cree?

Cree has a market capitalization of $12.93 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. Cree employs 5,130 workers across the globe.

What is Cree's official website?

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

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 1/15/2021 by MarketBeat.com Staff

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