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NASDAQ:CREE

Cree Stock Forecast, Price & News

$73.93
+2.64 (+3.70 %)
(As of 10/19/2020 12:00 AM ET)
Add
Compare
Today's Range
$73.05
Now: $73.93
$77.19
50-Day Range
$57.74
MA: $63.51
$71.49
52-Week Range
$27.77
Now: $73.93
$74.72
Volume2.57 million shs
Average Volume1.41 million shs
Market Capitalization$8.11 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.12
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. 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 Lighting Products segment offers LED lighting systems and lamps for to distributors, retailers, and customers for offices, retail spaces, restaurants, hospitality, schools, universities, manufacturing, healthcare, airports, municipal, residential, street lighting, parking structures, and other applications. The company was founded in 1987 and is headquartered in Durham, North Carolina.
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Cree logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.03 out of 5 stars

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$8.11 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$73.93
+2.64 (+3.70 %)
(As of 10/19/2020 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 price 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. Since then, CREE stock has increased by 109.2% and is now trading at $73.93.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cree?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 9 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cree
.

When is Cree's next earnings date?

Cree is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Cree
.

How were Cree's earnings last quarter?

Cree, Inc. (NASDAQ:CREE) issued its earnings results on Tuesday, August, 18th. The LED producer reported ($0.18) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.19) by $0.01. The LED producer earned $205.70 million during the quarter, compared to analysts' expectations of $198.57 million. Cree had a negative net margin of 21.21% and a negative return on equity of 5.04%. The business's revenue was down 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share.
View Cree's earnings history
.

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

Cree updated its first quarter earnings guidance on Tuesday, August, 18th. The company provided earnings per share (EPS) guidance of ($0.24)-($0.20) for the period, compared to the Thomson Reuters consensus estimate of ($0.13). The company issued revenue guidance of $203-$217 million, compared to the consensus revenue estimate of $209.37 million.

What price target have analysts set for CREE?

12 brokers have issued twelve-month price targets for Cree's stock. Their forecasts range from $45.00 to $79.00. On average, they anticipate Cree's share price to reach $66.55 in the next twelve months. This suggests that the stock has a possible downside of 10.0%.
View analysts' price targets 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), 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 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

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 variety of institutional and retail investors. Top institutional investors include Hodges Capital Management Inc. (0.07%), Envestnet Asset Management Inc. (0.04%), Assenagon Asset Management S.A. (0.03%), Louisiana State Employees Retirement System (0.02%), Pacer Advisors Inc. (0.02%) and State of Alaska Department of Revenue (0.02%).
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 Assenagon Asset Management S.A., Hodges Capital Management Inc., Arden Trust Co, Envestnet Asset Management Inc., State of Alaska Department of Revenue, Flagship Harbor Advisors LLC, Vestmark Advisory Solutions Inc., and Global Retirement Partners LLC.
View insider buying and selling activity for Cree
.

Which major investors are buying Cree stock?

CREE stock was acquired by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., FNY Investment Advisers LLC, IBM Retirement Fund, Boston Trust Walden Corp, and Louisiana State Employees Retirement System.
View insider buying and selling activity 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 $73.93.

How big of a company is Cree?

Cree has a market capitalization of $8.11 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 10/19/2020 by MarketBeat.com Staff

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