NASDAQ:CREE - Cree Stock Price, News, & Analysis

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

Cree, Inc. (NASDAQ:CREE) issued its earnings results on Tuesday, August, 14th. The LED producer reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.03. The LED producer had revenue of $409.45 million for the quarter, compared to analysts' expectations of $399.69 million. Cree had a negative net margin of 17.50% and a negative return on equity of 1.10%. Cree's revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company posted $0.04 earnings per share. View Cree's Earnings History.

Cree is scheduled to release their next quarterly earnings announcement on Tuesday, October, 16th 2018. View Earnings Estimates for Cree.

Cree issued an update on its first quarter earnings guidance on Tuesday, August, 14th. The company provided earnings per share guidance of $0.10-0.14 for the period, compared to the Thomson Reuters consensus estimate of $0.12. The company issued revenue guidance of $395-415 million, compared to the consensus revenue estimate of $411.38 million.

19 Wall Street analysts have issued 1-year target prices for Cree's stock. Their predictions range from $16.50 to $60.00. On average, they expect Cree's share price to reach $40.5163 in the next year. This suggests that the stock has a possible downside of 10.9%. View Analyst Price Targets for Cree.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 3 sell ratings, 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cree.

Cree saw a decrease in short interest in the month of July. As of July 31st, there was short interest totalling 10,750,634 shares, a decrease of 11.9% from the July 13th total of 12,208,976 shares. Based on an average trading volume of 643,139 shares, the short-interest ratio is currently 16.7 days. Currently, 10.9% of the company's shares are sold short. View Cree's Current Options Chain.

Some companies that are related to Cree include Kyocera (KYO), Advanced Micro Devices (AMD), STMicroelectronics (STM), Xilinx (XLNX), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Qorvo (QRVO), ASE TECY HLDG C/S (ASX), ON Semiconductor (ON), IPG Photonics (IPGP), Microsemi (MSCC), United Microelectronics (UMC), SUMCO Corp/ADR (SUOPY) and Cypress Semiconductor (CY).

Media coverage about CREE stock has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cree earned a daily sentiment score of 0.12 on Accern's scale. They also gave media coverage about the LED producer an impact score of 44.70 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Cree.

Cree's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.74%), Dimensional Fund Advisors LP (6.86%), FMR LLC (5.04%), Iridian Asset Management LLC CT (3.80%), OppenheimerFunds Inc. (2.91%) and Fairpointe Capital LLC (2.27%). 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 Fairpointe Capital LLC, Nan Shan Life Insurance Co. Ltd., Dimensional Fund Advisors LP, Criterion Capital Management LLC, FMR LLC, Royce & Associates LP, Canada Pension Plan Investment Board and Morgan Stanley. View Insider Buying and Selling for Cree.

CREE stock was bought by a variety of institutional investors in the last quarter, including Pendal Group Ltd, Artisan Partners Limited Partnership, Iridian Asset Management LLC CT, Ardevora Asset Management LLP, BlackRock Inc., Bank of New York Mellon Corp, Millennium Management LLC and OppenheimerFunds Inc.. 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 $45.45.

Cree has a market capitalization of $5.07 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]