Cree Company Profile (NASDAQ:CREE)

About Cree (NASDAQ:CREE)

Cree logoCree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Company's products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. The Company has three segments: Lighting Products, LED Products, and Power and RF Products. The Company's Lighting Products segment offers LED lighting systems and bulbs. The Company's LED Products segment offers LED components, LED chips and silicon carbide (SiC) materials. The Company's Power and RF Products segment offers power devices and RF devices. The Company designs, manufactures and markets lighting systems for indoor and outdoor applications, with a focus on LED lighting systems for the commercial, industrial and consumer markets.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Semiconductors - NEC
  • Sub-Industry: Semiconductors
  • Symbol: NASDAQ:CREE
  • CUSIP: 22544710
  • Web:
  • Market Cap: $2.58 billion
  • Outstanding Shares: 97,346,000
Average Prices:
  • 50 Day Moving Avg: $24.98
  • 200 Day Moving Avg: $25.56
  • 52 Week Range: $20.75 - $31.64
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 55.13
  • P/E Growth: -9.73
Sales & Book Value:
  • Annual Revenue: $1.5 billion
  • Price / Sales: 1.72
  • Book Value: $22.70 per share
  • Price / Book: 1.17
  • EBIDTA: $111.05 million
  • Net Margins: -7.36%
  • Return on Equity: 0.33%
  • Return on Assets: 0.28%
  • Debt-to-Equity Ratio: 0.07%
  • Current Ratio: 5.30%
  • Quick Ratio: 3.90%
  • Average Volume: 1.22 million shs.
  • Beta: 1
  • Short Ratio: 8.95

Frequently Asked Questions for Cree (NASDAQ:CREE)

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 results on Tuesday, April, 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by $0.20. The company earned $341.51 million during the quarter, compared to analyst estimates of $339.41 million. Cree had a negative net margin of 7.36% and a positive return on equity of 0.33%. Cree's revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. View Cree's Earnings History.

When will Cree make its next earnings announcement?

Cree is scheduled to release their next quarterly earnings announcement on Tuesday, August, 22nd 2017. View Earnings Estimates for Cree.

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

Cree updated its fourth quarter earnings guidance on Friday, May, 19th. The company provided earnings per share guidance of $0.02-0.07 for the period, compared to the Thomson Reuters consensus estimate of $0.04. The company issued revenue guidance of $340-360 million, compared to the consensus revenue estimate of $349.86 million.

Where is Cree's stock going? Where will Cree's stock price be in 2017?

12 brokerages have issued 1 year price objectives for Cree's shares. Their predictions range from $17.00 to $29.00. On average, they anticipate Cree's share price to reach $24.71 in the next twelve months. View Analyst Ratings for Cree.

What are analysts saying about Cree stock?

Here are some recent quotes from research analysts about Cree stock:

  • 1. According to Zacks Investment Research, "Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree's market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies. " (7/18/2017)
  • 2. Needham & Company LLC analysts commented, "We are actually incrementally more positive on CREE after termination of the Wolfspeed divestiture to Infineon [Not Rated] due to regulatory concerns. While management's strategy is to transform Cree from a device manufacturer to becoming a lighting company, we have been concerned about the unintended consequence of the deal. Since selling Wolfspeed would offload a large profit contributor, we believe CREE could be hastened to quickly redeploy that capital in acquisitions, ultimately leading to buying a "wrong" asset. We like the decision to keep Wolfspeed especially as it appears the business is entering a new growth phase and contributing solid profits to the overall company. With the model in flux and the loss of a cash for downside support for the stock, we maintain our Hold." (2/17/2017)
  • 3. UBS AG analysts commented, "Cree's had in line results excluding the $0.13 EPS benefit from its legal settlement with Feit. We keep a Sell rating as it is at the high end of its historical range at 50x its FY18E EPS of $0.54 despite sales trends just starting to stabilize. We believe the stock could trade higher in the near term as its main peer Acuity Brands missed guidance and Cree hit its guidance. We estimate the settlement from FEIT in the quarter was $27M and negative reserve effects for a defective driver in its lighting products were $8M. Lighting sales and margins were in line with expectations when excluding these impacts. Cree reported strong quoting activity and its Mar-17 lighting sales were guided better than the normal -5% q/q seasonality. Cree expects this to more positively impact sales in late FY2017 and into FY2018 given the 9-12 month conversion cycle." (1/25/2017)
  • 4. Canaccord Genuity analysts commented, "Cree's pivot towards being an LED lighting pure-play will take time, as the core commercial lighting business stays more muted and (recent) encouraging signs in LED component pricing (and potential micro LED capacity absorption in the industry) are too early to suggest a sustainable trend toward margin expansion, in our view. Pivots take time, and the Street should be looking toward ~F2018 as a time frame to measure related progress, in our view." (1/19/2017)

Are investors shorting Cree?

Cree saw a increase in short interest during the month of June. As of June 30th, there was short interest totalling 12,822,600 shares, an increase of 24.1% from the June 15th total of 10,336,517 shares. Based on an average trading volume of 1,893,058 shares, the days-to-cover ratio is currently 6.8 days. Currently, 13.3% of the company's stock are short sold.

Who are some of Cree's key competitors?

Who are Cree's key executives?

Cree's management team includes the folowing people:

  • Charles M. Swoboda, Chairman of the Board, President, Chief Executive Officer
  • Michael E. McDevitt, Chief Financial Officer, Executive Vice President
  • Norbert W. G. Hiller, Executive Vice President - Lighting
  • Robert A. Ingram, Lead Independent Director
  • John Replogle, Director
  • Alan J. Ruud, Director
  • Anne Clem Whitaker, Director
  • Clyde R. Hosein, Independent Director

Who owns Cree stock?

Cree's stock is owned by many different of institutional and retail investors. Top institutional investors include Nisa Investment Advisors LLC (0.04%), Aperio Group LLC (0.04%), State Treasurer State of Michigan (0.04%), Horrell Capital Management Inc. (0.04%), Oregon Public Employees Retirement Fund (0.04%) and Clean Yield Group (0.03%). Company insiders that own Cree stock include Anne Clem Whitaker, Charles M Swoboda, Darren R Jackson, John B Replogle, Michael E Mcdevitt and Robert Alexander Ingram. View Institutional Ownership Trends for Cree.

Who sold Cree stock? Who is selling Cree stock?

Cree's stock was sold by a variety of institutional investors in the last quarter, including Capstone Asset Management Co. and Creative Planning. View Insider Buying and Selling for Cree.

Who bought Cree stock? Who is buying Cree stock?

Cree's stock was bought by a variety of institutional investors in the last quarter, including Horrell Capital Management Inc., Fox Run Management L.L.C., Aperio Group LLC, Nisa Investment Advisors LLC, Clean Yield Group, Oregon Public Employees Retirement Fund, Eqis Capital Management Inc. and LS Investment Advisors LLC. 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.

How do I buy Cree stock?

Shares of Cree can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cree's stock price today?

One share of Cree stock can currently be purchased for approximately $26.46.

MarketBeat Community Rating for Cree (NASDAQ CREE)
Community Ranking:  2.3 out of 5 ( )
Outperform Votes:  547 (Vote Outperform)
Underperform Votes:  641 (Vote Underperform)
Total Votes:  1,188
MarketBeat's community ratings are surveys of what our community members think about Cree and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Cree (NASDAQ:CREE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 9 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.08)
Consensus Price Target: $24.71 (6.60% downside)

Analysts' Ratings History for Cree (NASDAQ:CREE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/20/2017Roth CapitalReiterated RatingBuy$27.00 -> $29.00LowView Rating Details
6/5/2017J P Morgan Chase & CoReiterated RatingNeutral$25.00 -> $26.00MediumView Rating Details
5/22/2017JMP SecuritiesUpgradeMarket Perform -> Outperform$23.81 -> $29.00HighView Rating Details
4/29/2017Deutsche Bank AGReiterated RatingHold$28.00 -> $24.00LowView Rating Details
4/26/2017Cowen and CompanyReiterated RatingMarket PerformHighView Rating Details
4/26/2017Williams CapitalLower Price TargetHold$27.00 -> $25.00HighView Rating Details
4/21/2017Canaccord GenuityReiterated RatingHold$23.00LowView Rating Details
2/17/2017Needham & Company LLCReiterated RatingHoldN/AView Rating Details
12/27/2016Goldman Sachs Group, Inc. (The)Set Price TargetSell$17.00N/AView Rating Details
10/23/2016Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformN/AView Rating Details
10/19/2016StephensDowngradeOverweight -> Equal WeightN/AView Rating Details
8/17/2016Northland SecuritiesDowngradeOutperform -> Market PerformN/AView Rating Details
5/13/2016Pacific CrestInitiated CoverageFair Value -> Sector Perform$24.00 -> $23.00N/AView Rating Details
4/6/2016Summit ResearchReiterated RatingHold$30.00 -> $25.00N/AView Rating Details
4/6/2016Bank of America CorporationReiterated RatingHoldN/AView Rating Details
3/28/2016WedbushLower Price TargetOutperform$77.00 -> $73.00N/AView Rating Details
3/28/2016Credit Suisse GroupLower Price TargetNeutral$60.00 -> $50.00N/AView Rating Details
2/22/2016Piper Jaffray CompaniesUpgradeNeutral -> Overweight$27.00 -> $37.00N/AView Rating Details
8/11/2015GabelliReiterated RatingBuyN/AView Rating Details
(Data available from 7/20/2015 forward)


Earnings History for Cree (NASDAQ:CREE)
Earnings by Quarter for Cree (NASDAQ:CREE)
Earnings History by Quarter for Cree (NASDAQ CREE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/22/2017$0.04N/AView Earnings Details
4/25/2017Q3 17$0.09($0.11)$339.41 million$341.51 millionViewN/AView Earnings Details
1/24/2017Q217$0.08$0.30$328.54 million$347.00 millionViewN/AView Earnings Details
10/18/2016Q117$0.03$0.15$322.77 million$321.30 millionViewListenView Earnings Details
8/16/2016Q416$0.20$0.19$385.83 million$388.40 millionViewListenView Earnings Details
4/26/2016Q316$0.14$0.17$370.49 million$367.00 millionViewListenView Earnings Details
1/19/2016Q216$0.24$0.30$435.27 million$436.00 millionViewListenView Earnings Details
10/20/2015Q1$0.20$0.21$418.67 million$425.50 millionViewListenView Earnings Details
8/11/2015Q415($0.26)($0.19)$378.92 million$382.20 millionViewListenView Earnings Details
4/21/2015Q315$0.23$0.22$406.65 million$409.52 millionViewN/AView Earnings Details
1/20/2015Q215$0.22$0.33$412.08 million$413.20 millionViewN/AView Earnings Details
10/21/2014Q115$0.24$0.24$432.60 million$427.70 millionViewListenView Earnings Details
8/12/2014Q414$0.41$0.42$444.11 million$436.30 millionViewN/AView Earnings Details
4/22/2014Q314$0.38$0.39$407.28 million$405.20 millionViewN/AView Earnings Details
1/21/2014Q214$0.39$0.46$412.36 million$415.09 millionViewN/AView Earnings Details
10/22/2013Q114$0.39$0.39$392.31 million$391.00 millionViewN/AView Earnings Details
8/13/2013Q4 2013$0.38$0.38$377.21 million$375.00 millionViewN/AView Earnings Details
4/23/2013Q3 2013$0.34$0.34$341.96 million$348.93 millionViewN/AView Earnings Details
1/22/2013Q2 2013$0.30$0.32$331.06 million$346.30 millionViewN/AView Earnings Details
10/16/2012$0.26$0.27ViewN/AView Earnings Details
8/7/2012$0.23$0.25ViewN/AView Earnings Details
4/17/2012$0.21$0.20ViewN/AView Earnings Details
1/17/2012$0.26$0.25ViewN/AView Earnings Details
10/18/2011$0.25$0.25ViewN/AView Earnings Details
8/9/2011$0.27$0.28ViewN/AView Earnings Details
4/19/2011$0.29$0.27ViewN/AView Earnings Details
1/18/2011$0.58$0.55ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Cree (NASDAQ:CREE)
2017 EPS Consensus Estimate: $0.17
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172($0.02)$0.08$0.03
Q2 20171$0.02$0.02$0.02
Q3 20171$0.03$0.03$0.03
Q4 20172$0.08$0.10$0.09
(Data provided by Zacks Investment Research)


Dividend History for Cree (NASDAQ:CREE)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading and Institutional Ownership History for Cree (NASDAQ:CREE)
Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 86.04%
Insider Trades by Quarter for Cree (NASDAQ:CREE)
Institutional Ownership by Quarter for Cree (NASDAQ:CREE)
Insider Trades by Quarter for Cree (NASDAQ:CREE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/27/2017John B ReplogleDirectorBuy10,000$22.11$221,100.00View SEC Filing  
10/24/2016Darren R JacksonDirectorBuy10,000$22.85$228,500.00View SEC Filing  
10/21/2016Michael E McdevittInsiderBuy5,000$22.20$111,000.00View SEC Filing  
10/20/2016Charles M SwobodaChairmanBuy10,000$22.22$222,200.00View SEC Filing  
10/20/2016John B ReplogleDirectorBuy5,000$22.34$111,700.00View SEC Filing  
8/18/2016John B ReplogleDirectorBuy5,000$23.33$116,650.00View SEC Filing  
2/16/2016Anne Clem WhitakerDirectorSell623$30.00$18,690.00View SEC Filing  
12/1/2015Robert Alexander IngramDirectorSell3,750$27.67$103,762.50View SEC Filing  
11/17/2015John B ReplogleDirectorBuy5,000$23.30$116,500.00View SEC Filing  
9/3/2015Anne Clem WhitakerDirectorSell1,994$26.74$53,319.56View SEC Filing  
6/5/2015Norbert HillerEVPBuy5,000$30.14$150,700.00View SEC Filing  
6/2/2015John B ReplogleDirectorBuy1,166$30.41$35,458.06View SEC Filing  
5/26/2015Charles M SwobodaCEOBuy10,000$29.32$293,200.00View SEC Filing  
10/23/2014John B ReplogleDirectorBuy5,000$27.75$138,750.00View SEC Filing  
9/4/2014Clyde HoseinDirectorSell5,000$44.73$223,650.00View SEC Filing  
5/12/2014John ReplogleDirectorBuy1,250$46.29$57,862.50View SEC Filing  
4/24/2014Alan RuudDirectorSell25,000$50.05$1,251,250.00View SEC Filing  
1/23/2014Alan RuudDirectorSell32,500$63.76$2,072,200.00View SEC Filing  
11/21/2013Alan RuudDirectorSell25,000$54.95$1,373,750.00View SEC Filing  
10/24/2013Alan J RuudDirectorSell32,500$61.67$2,004,275.00View SEC Filing  
10/24/2013Charles M SwobodaCEOSell40,000$61.67$2,466,800.00View SEC Filing  
10/24/2013Norbert HillerEVPSell6,667$61.67$411,153.89View SEC Filing  
6/7/2013Clyde HoseinDirectorSell5,000$62.87$314,350.00View SEC Filing  
5/28/2013Harvey A WagnerDirectorSell5,000$61.25$306,250.00View SEC Filing  
5/22/2013Tyrone D Mitchell JrEVPSell27,500$61.90$1,702,250.00View SEC Filing  
8/9/2012Harvey A WagnerDirectorSell5,000$27.11$135,550.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Cree (NASDAQ:CREE)
Latest Headlines for Cree (NASDAQ:CREE)
DateHeadline logoCree Opens Design Possibilities for Architectural Lighting with New CLQ6A LED - Business Wire (press release) - July 19 at 6:41 PM logoCree Opens Design Possibilities for Architectural Lighting with New CLQ6A LED - July 19 at 6:40 PM logoCree, Inc. (NASDAQ:CREE) Cut to "Sell" at Zacks Investment Research - July 18 at 7:59 PM logoHampton Creek's board has only one person left: the CEO - July 18 at 4:35 PM logoBoard Member Exodus Hits Hampton Creek, a Healthy Food Start-Up - New York Times - July 18 at 3:05 AM logoAkoustis Technologies appoints John Kurtzweil as CFO - July 17 at 10:52 PM logoAkoustis Technologies (AKTS) Appoint John Kurtweil as CFO - - July 17 at 5:50 PM logoETFs with exposure to Cree, Inc. : July 14, 2017 - July 14 at 7:32 PM logoCree, Inc. (CREE) Short Interest Up 24.1% in June - July 14 at 7:20 AM logoInvestors Purchase High Volume of Call Options on Cree (NASDAQ:CREE) - July 9 at 7:02 AM logoMid-Day Market Update: Crude Oil Up Over 2%; Egalet Shares ... - Benzinga - July 6 at 11:52 PM logoCree Breaks Above 200-Day Moving Average - Bullish for CREE - July 6 at 6:50 PM logo Brokerages Expect Cree, Inc. (CREE) Will Post Quarterly Sales of $350.16 Million - July 5 at 10:46 AM logoZacks: Analysts Expect Cree, Inc. (NASDAQ:CREE) to Post -$0.09 EPS - July 3 at 2:27 PM logoAmerlux promotes Lezlie Johannessen to Director of Sales, Pacific Northwest - June 30 at 11:02 PM logoTarget yanked Hampton Creek products after mysterious allegations. Vegans aren't happy - June 28 at 10:19 AM logoZacks Investment Research Upgrades Cree, Inc. (CREE) to Hold - June 27 at 7:06 PM logoCree, Inc. (CREE) Receives Consensus Rating of "Hold" from Analysts - June 26 at 12:51 PM logoBlackBerry Ltd (BBRY) Stock Succumbs to the Creep of Doubt - June 23 at 8:34 AM logoSG Property Services Adds Two Medical Buildings to Portfolio - June 22 at 11:13 AM logoRetail Solutions, Inc. (RSi) to Present with the Kellogg Company and Ahold USA ... - June 20 at 10:09 PM logoRetail Solutions, Inc. (RSi) to Present with the Kellogg Company and Ahold USA at GS1 Connect 2017 - June 20 at 5:09 PM logoCree, Inc. (CREE) Stock Rating Reaffirmed by Roth Capital - June 20 at 2:56 PM logoETFs with exposure to Cree, Inc. : June 15, 2017 - June 15 at 6:22 PM logo$350.16 Million in Sales Expected for Cree, Inc. (CREE) This Quarter - June 9 at 1:50 PM logoCree (CREE) & Atmel (ATML) Critical Analysis - June 8 at 10:52 AM logoZacks: Analysts Anticipate Cree, Inc. (CREE) to Announce -$0.09 EPS - June 7 at 12:20 PM logoJPMorgan Chase & Co. Reaffirms "Neutral" Rating for Cree, Inc. (CREE) - June 5 at 11:54 PM logoRising Demand for Comprehensive Smart Technology Solutions Resulting in Newest ... - June 2 at 5:57 PM logoChevy’s Bolt Creeps Along While Tesla Readies For a Sprint - June 1 at 11:22 AM logoCree, Inc. (CREE) Receives Average Rating of "Hold" from Brokerages - May 30 at 12:40 PM logoCree discloses Swoboda's severance package in filing - May 24 at 9:21 PM logoCree, Inc. breached its 50 day moving average in a Bearish Manner : CREE-US : May 24, 2017 - May 24 at 4:20 PM logoCree Introduces Innovative New ZR-RK LED Troffer Retrofit Kit - May 23 at 12:40 PM logoCree Stock Upgraded on Hopes for a Sale: What You Need to Know - May 22 at 1:34 PM logoInstant Analysis: Cree's CEO Is Stepping Down - May 22 at 9:25 AM logoCree, Inc. (CREE) Raised to Market Outperform at JMP Securities - May 22 at 9:04 AM logoTheStreet Lowers Cree, Inc. (CREE) to D+ - May 19 at 4:40 PM logoCree CEO transition may lead to Wolfspeed spinoff, analyst says - May 19 at 4:31 PM logoCree Announces CEO Succession Plan - May 19 at 4:22 PM logoCree CEO Chuck Swoboda stepping down from his position - May 19 at 4:22 PM logoCree CEO Chuck Swoboda resigns - May 19 at 4:22 PM logoCree, Inc. (CREE) Releases Q4 Earnings Guidance - May 19 at 2:26 PM logoCree, Inc. to Webcast Upcoming Conference Presentation - May 18 at 11:00 AM logoOversold Conditions For Cree - May 17 at 9:33 PM logoCutting-edge Lighting Solutions Market Indicating Steady Growth as Industry Opportunities Expand - May 16 at 12:14 PM logoWolfspeed Achieves Industry’s First All-SiC 1.2kV power Module Reliability Benchmark for Harsh Environment Operation - May 16 at 12:14 PM logoETFs with exposure to Cree, Inc. : May 15, 2017 - May 15 at 4:24 PM logo Analysts Anticipate Cree, Inc. (CREE) Will Post Quarterly Sales of $350.16 Million - May 13 at 8:00 AM logoShort Interest in Cree, Inc. (CREE) Grows By 0.2% - May 12 at 11:44 PM



Cree (CREE) Chart for Thursday, July, 20, 2017

This page was last updated on 7/20/2017 by Staff